Solarhome Targets Myanmar

• Proeksa Meas
• 30 May 2017
• International News
• 2183 Views

A Singapore-based company providing solar energy solutions for rural households not connected to electricity grids is looking to Myanmar as its next target market.

SolarHome, which currently has operations in Cambodia, Indonesia and the Philippines, already has a presence in Myanmar but is hoping to invest up to USD25 million over the next five years, starting with an initial USD1.5 million in 2018.

SolarHome’s entry point into the Myanmar market is basic home lighting projects which can be paid for via the Pay-as-You-Go (PAYG) microfinance system. They expect to sell and install around 2,500 systems by the end of the year.