SP Group (SP) and BCG Energy, a wholly-owned subsidiary of Bamboo Capital JSC, have formalised a joint venture (JV) to invest in rooftop solar and other renewable energy projects in Vietnam. In a press statement on Monday, SP said that it will own 49 per cent of the JV, while the wholly-owned subsidiary of Bamboo […]
SP Group Inks MOU With BCG Energy to Invest in Renewables in Vietnam
SP Group (SP) and BCG Energy Joint Stock Company (BCG Energy), a wholly owned subsidiary of Bamboo Capital JSC, signed a Memorandum of Understanding (MoU) to invest in renewable energy projects in Vietnam. The MOU also provides an exclusive right for SP to acquire up to 49 per cent of its subsidiary Skylar Joint Stock […]
Four Caltex stations to offer electric vehicle charging points
SINGAPORE – Chevron Singapore, which operates the Caltex refuelling stations here, has teamed up with SP Group to set up electric vehicle (EV) charging points. The move, which comes 20 months after rival Shell set up its Recharge points, will see fast chargers at four Caltex service stations – in Chong Pang (North), Changi (East), […]
Sterling & Wilson Solar shares rally 20% after SP Group announces it will exit Tata Sons
The announcement came after Tata Sons earlier in the day told the Supreme Court that it was ready to buy the Mistry family’s stake in Tata Sons at current market value. Shares of Sterling & Wilson Solar surged nearly 20 per cent on Wednesday after Shapoorji Pallonji Group announced that it will end its ties […]
KKR to buy five solar assets from SP Group for $200 million
KKR began to focus on Asia’s infrastructure sector with a series of hires beginning about a year ago, and launched its fundraising in 2019. About 50 per cent of its maiden fund has just been raised Mumbai: Ending months of negotiations, KKR has agreed to buy 5 solar assets of 317 MW from the cash […]
SP Group eyes more links with region to tap clean power
NEW YORK: Singapore’s state-owned power grid operator wants to build more connections to neighbouring countries to tap their greater potential for renewable energy. Countries such as Malaysia and Indonesia have ample spare land for solar panels and enough wind to power turbines, both things that Singapore is lacking, SP Group chief executive Wong Kim Yin […]