JOINT MEDIA RELEASE

For immediate release

5 April 2025

Singapore and Vientiane – RenewableX Pte. Ltd. (“RenewableX”) and Thavysub Energy Engineering and Consulting Company Limited (“Thavysub”) jointly announced today that they have completed their strategic partnership, with RenewableX acquiring a 25% stake in Thavysub. This investment underscores RenewableX’s commitment to contribute towards decarbonisation of Southeast Asia’s energy sector while empowering Thavysub to scale its operations and advance development of solar PV infrastructure in Laos.

“At RenewableX, our vision is to build an ecosystem for creating positive environmental and social impacts,” said Xavier Cheong, Founder of RenewableX. “Thavysub’s proven track record in constructing solar farms and commercial rooftop solar in Laos aligns perfectly with our vision to drive climate positive solutions in places where we can add value and make a difference.”

“We welcome RenewableX to join Thavysub’s journey to become a leader in developing solar PV infrastructure,” said Souksanh Xayavong, President of Thavysub. “Together, we can contribute towards diversifying Laos’ non-hydro energy sources to meet domestic demand and support cross-border export of green electricity.”

About RenewableX

RenewableX is a company based in Singapore to develop renewable energy infrastructure within the ASEAN region. We are driven by United Nation’s Sustainable Development Goals to advance climate positive solutions and catalyse decarbonisation of the energy sector, one carbon atom at a time.

About Thavysub

Thavysub is a leading engineering, procurement, construction and management (EPCM) company established in Lao DPR. We work with investors and strategic partners to develop solar PV infrastructure, and also provide project consultancy and advisory services for regulatory approvals.

Contact

For RenewableX: https://www.renewable-x.com | xavier@renewable-x.com | (+65) 6829 2325

For Thavysub: https://thavysub.com | thavysub_energy@hotmail.com | (+856) 030 5552559