Sunseap Group Receives Investment Shell
Sunseap Group has secured investment from Shell Technology Ventures B.V. with an intent for Sunseap and Shell to collaborate on solar projects in the Asia Pacific region, including Singapore.
"Both our organisations are excited at the potential solutions we can deploy for the benefit of our shareholders, our customers and the stakeholders in the countries we operate in. As part of our collaboration, there are many capabilities and knowledge that we can cross leverage upon to deploy distributed solar generation projects in the Asian markets," says Camillus Yang, Sunseap's Vice President for Corporate Development and Finance. He added: "Sunseap Group desires to shape a better low carbon future and hopes to collaborate with companies to catalyse the region’s energy transition towards de-carbonisation."
Frank Phuan, Sunseap's Director adds: "Singapore is an important hub for a pan-regional solar development company and we are looking forward to working with Shell to further grow our business. We at Sunseap recognise that companies such as our recent client, Apple have a vast network of assets and our distributed solar business model can help such companies to reduce their carbon footprint cost effectively."
Marc van Gerven, Vice President of Solar at Shell New Energies said: "We are excited about Shell Technology Ventures' investment in Sunseap Group and Shell's potential collaborations with the company on solar projects in the Asia-Pacific region. 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."