Singapore's Sunseap and Shell to collaborate on solar projects in Asia-Pacific

Singapore's Sunseap and Shell to collaborate on solar projects in
Asia-Pacific

SUNSEAP Group, a solar leasing company and solar energy system developer in
Singapore, has secured investment from Shell Technology Ventures BV to
collaborate on solar projects in the country and the Asia-Pacific region.

Sunseap, which helps clients such as Apple cut their carbon footprint cost,
holds an electricity retailer licence in Singapore. It also secured utility
scale solar projects in the region, including a 140 MegaWatt-peak (MWp)
solar farm in India and a 10 MWp solar farm in Cambodia.

Sunseap director Frank Phuan said that the group is looking forward to
working with Shell to further grow its business.

On Shell's investment, Marc van Gerven, vice-president of solar at Shell New
Energies, said: "We are impressed by Sunseap's ability to deliver innovative
and affordable renewable energy solutions to meet customers' needs,
including through its strong distributed solar generation asset base in
Singapore."

No financial details were given.

Sunseap cited Bloomberg New Energy Finance's New Energy Outlook report which
said that the Asia-Pacific would experience "colossal growth" in new power
generation capacity over the next 25 years. Installed capacity is projected
to triple, and electricity generation to double. Renewable energy will make
up nearly two-thirds - or US$3.6 trillion - of the 4,890 gigawatts added
during this period.

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Link to Original Article:
http://www.businesstimes.com.sg/companies-markets/singapores-sunseap-and-she
ll-to-collaborate-on-solar-projects-in-asia-pacific

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com