Why is SolarSpace launching a solar project in Laos?

The company said it has an experienced production and management team in Laos, and those people will play a leading role in the development of the nation's clean energy industry. Laos is a new manufacturing location for SolarSpace, which has traditionally been more active in solar projects in the country.

Why should Laos invest in a floating solar plant?

“It’s also a privilege to support Laos in the development of what is projected to be one of the world’s largest floating PV plants.” The solar plant will cover an area of 3.2km 2, which corresponds to less than 1% of the reservoir’s area at full supply level.

How much renewable electricity will Laos generate by 2035?

The Energy Market Authority has already attracted proposals for 1.2 GW of renewable electricity, to be generated in four southeast Asian nations, and wants to raise that figure to 4 GW by 2035. EDF is planning to build a 240 MW floating PV project at Laos’ largest hydropower dam.

How many hydroelectric projects will Laos build in 2020?

Overall, Laos plans to build nine hydroelectric projects on the main part of the Mekong River. According to the International Renewable Energy Agency, Laos had an installed PV capacity of around 22 MW at the end of 2020. This content is protected by copyright and may not be reused.

How will the Lao economic development project benefit Lao people?

The project will create up to 1,200 jobs for Lao people and contribute more than US$2.4 billion to industrial production as production capacity gradually expands to become an important pillar in promoting the growth of imports and exports of the Lao People’s Democratic Republic.