Will a new solar micro-grid change Vanuatu's lives?

(Photo: Ian Iercet) On the remote island of Malekula, the second-largest island in Vanuatu, a new solar micro-grid is changing the lives of over 2,800 people - boosting local development while contributing to Vanuatu’s sector specific target of transitioning to close to 100 percent renewable energy for electricity by 2030.

Who is Solarus renewables AB?

Solarus Renewables AB is world leading in the development of photovoltaic thermal solar collectors (PVT). Solarus Renewables AB was founded in Sweden in 2017. Solarus Renewables AB is established with direct or indirect ownership in seven different companies in four countries Sweden, USA, The Netherlands and South Africa.

Is solar a good idea for Vanuatu?

Antony Garae, Director of the Vanuatu Department of Energy, said this project is a great boon to his country, where 80 percent of rural residents lack electricity. “Solar is the best solution for these areas not only because of its obvious contributions to climate change mitigation but because fuel is costly and difficult to transport,” he said.

How many shares in Solarus renewables AB?

There are 4 235 000 shares in Solarus Renewables AB by 2023-06-22 all having equal part in the equity and one vote each. The nominal share value is SEK 0.22 The largest shareholders as of 2023-03-31 are There are 1 262 000 warrants issued out of which; 1 000 000 warrants in series TO2, 262 000 warrants in series TO3.

Why is Solarus a competitive advantage?

Around one and a half hours of sunlight on our earth covers the entire yearly need for energy in the world. Hence, we have no lack of energy on earth, it is just a matter of harvesting the sunlight efficiently and that is the competitive advantage of Solarus.

What is a Solarus Pvt collector?

Solarus PVT collectors utilizes both long-wave sunray for heat production and short-wave rays for electricity. Since only about 23% of the energy in sunlight has wave-lengths that can be used by standard silicon cells, The PVT collectors sold by the different Solarus companies are several times more efficient than ordinary silicon panels.