SINGAPORE: Singapore’s Sunseap Group will develop large-scale solar energy and storage plants on Indonesia’s Riau Islands under a memorandum of understanding (MOU) signed with the provincial government on Tuesday. “The MOU covers the availability of 3,000 hectares of land for Sunseap to build solar energy plants and energy storage systems (ESS),” said Sunseap in a […]
EDPR completes agreement with Sunseap to establish its Asia-Pacific headquarters in Singapore – EQ Mag Pro
The company announced last November it had acquired a 91% stake in Sunseap, the largest distributed solar player and top 4 solar player in Southeast Asia. Following the closing of its S$1.1 billion* deal with Sunseap today, EDPR has stated it plans to deploy up to S$10 billion* by 2030, establishing a leading clean energy […]
Southeast Asian Tycoons Step Up Investments In Renewable Energy Projects Across Indonesia, Vietnam
AC Energy controlled by Philippine billionaire Jaime Zobel de Ayala’s Ayala Corp.—and Singapore-based Sunseap Group are investing over $2.4 billion in separate renewable energy projects across Southeast Asia as countries around the region accelerate their transition into a carbon-free future. Sunseap backed by Thai billionaire Isara Vongkusolkit’s energy firm Banpu pcl and Singapore’s state investment […]
Sunseap Plans 2.2-GWp Floating Solar Complex on Indonesian Island
Singapore-based solar developer and operator Sunseap Group Pte Ltd is proposing to build a giant 2.2-GWp floating solar complex with battery storage on Indonesia’s Batam Island. The Singaporean firm said on Wednesday it has signed a memorandum of understanding (MoU) with Batam Indonesia free zone authority Badan Pengusahaan Batam (BP Batam), outlining an investment of […]
Sunseap Delivers Offshore Floating Solar Project in Singapore
Singapore, a small and resource-scarce city-state, is now home to one of the world’s largest offshore floating solar PV farms, a 5 MW-peak project that’s been deployed in the Straits of Johor. Developed by Sunseap Group, a solar energy solutions provider in Singapore, the five-hectare sea-based solar plant is equivalent in size to five soccer […]
Sunseap Partners China’s Statecloud Energy For RMB300 Mil Solar Fund
Sunseap Group is partnering with Statecloud Energy Co to invest in a RMB300 million ($62.3 million) fund for solar energy projects in Jinan City, Shandong and other provinces. The five-year investment through a Qualified Foreign Limited Partnership (QFLP) will provide funding to build, own and operate distributed solar assets such as commercial rooftop solar photovoltaic […]
Singapore’s Green Plan 2030 Could Spearhead Investments in Solar Sector
Singapore’s recently unveiled Green Plan 2030 could kickstart the country’s emerging solar sector, according to a new report from analyst Fitch Solutions. The market research group assessed the a range of targets that make up the plan, including the deployment of 2GW of solar PV by 2030. The Green Plan sets out a target to […]
Latest Transforming Business Poll Shows Hong Kong and Singapore Businesses are Prioritizing Sustainability to Drive Innovation
Sustainability was one of the top innovation investments by companies in Hong Kong and Singapore, according to the latest Transforming Business poll. Because of their work, Insider named some of the poll respondents to our annual list of the 10 leaders transforming energy. Despite the long list of obstacles companies have faced throughout the pandemic […]
Sunseap obtains funds to expand solar ops in Japan
Singapore-based solar developer and operator Sunseap Group Pte Ltd has secured investments of an undisclosed amount from its latest Series E funding round, which it plans to spend on projects in Japan. The financial backing comes from three new investors — global trader Sumitomo Corp (TYO:8053), regional power company Shikoku Electric Power Co Inc (TYO:9507) […]
Sunseap completes offshore floating solar farm in Straits of Johor
Singapore solar energy provider Sunseap says it has completed construction of a 5MW offshore floating solar PV farm in the Straits of Johor, the international border between Singapore and Malaysia. Located just off the coast of Woodlands in the North Region of Singapore, the 5MW floating solar farm is said to be one of the […]