17 January 2018, Singapore – PSA Corporation and Sunseap Group Pte Ltd have signed a 21-year solar power purchase agreement that will enhance the eco-friendliness of the container port and ancillary buildings in PSA’s Singapore facilities.

Sunseap will construct and install a 4 Megawatt peak solar system across five sites in PSA’s Singapore terminals, including terminal buildings, gates, maintenance base and workers’ dormitories at Pasir Panjang Terminal.

Under the contract, Sunseap will install and maintain the solar photovoltaic system as well as offer a competitive electricity tariff rate that will allow PSA to reduce its carbon footprint, in line with PSA’s sustainability goals.

The solar photovoltaic system is estimated to be operational by end of Oct 2018. Once completed, it will generate approximately 4.3 gigawatt hours of energy per year and offset a portion of Pasir Panjang Terminal’s energy needs. It will also help PSA offset 1,689 tonnes of carbon dioxide emissions annually.

Mr Frank Phuan, Co-Founder and Director at Sunseap Group, said: “We are delighted that PSA Singapore has chosen to partner Sunseap for its solar energy requirements. We are encouraged by the increasing number of companies moving to adopt renewable energy options, and we stand ready to work with them to achieve their sustainability goals.

“We have always maintained a good working relationship with PSA to address their energy needs with an integrated solution. The contract underscores PSA’s confidence in Sunseap’s track record of delivering best-in-class solar energy solutions.”

Mr Ong Kim Pong, Regional CEO Southeast Asia, PSA International, said: “PSA is pleased to enhance our commitment to environmental sustainability in Singapore through the implementation of solar power solutions on a terminal-wide scale. This deal will help us significantly reduce our carbon footprint, and will boost our commitment to renewable energy for years to come. In tandem, we are continuing with the electrification of our port equipment including yard cranes and automated guided vehicles, among our other green initiatives.”

Singapore is stepping up efforts to encourage businesses to reduce greenhouse emissions and consider clean energy options. In 2016, the government announced that a carbon tax would be imposed in 2019 on power producers and large carbon emitters based on each tonne of carbon they release.

Jointly issued by PSA Corporation Limited and Sunseap Group Pte Ltd

About PSA Corporation Ltd

PSA Singapore, a fully-owned subsidiary of PSA International, operates the world’s largest container transhipment hub in Singapore, linking shippers to an excellent network of major shipping lines with connections to 600 ports globally. Shippers have access to daily sailings to every major port in the world at this mega hub. Its excellence in port operations has consistently been recognised by the shipping community. In 2017, it was voted the “Best Container Terminal (Asia)” at the Asian Freight, Logistics and Supply Chain Awards. PSA Singapore Terminals handled 33.35 million TEUs of containers in 2017. Visit us at www.singaporepsa.com and www.facebook.com/singaporepsa.

About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

Media Contacts

PSA Corporation Ltd
Matthew Webster
Manager, Corporate Communications
Tel: +65 6279 5116
Email: Mattheww@globalpsa.com

Sunseap Group Pte Ltd
Sebastian Wang
Tel: +65 6602 8086
Email: corpcomms@sunseap.com

Catherine Ong Associates
Catherine Ong
Tel: +65 6327 6088
Email: cath@catherineong.com

Jaslin Tan
Tel: +65 6327 6086
Email: jaslin@catherineong.com

Turns “Smart Nation” from project into product

SINGAPORE, [February 2, 2018] – Envision, a global leading digital energy platform company, is partnering with four Singapore organisations to develop an innovation ecosystem that will enable the digital transition.

The partnerships with Ascendas-Singbridge Group, Sunseap Group, the Solar Energy Research Institute of Singapore (SERIS), and the Nanyang Technological University, Singapore (NTU Singapore), precede the opening of Envision’s Global Digital Hub in Singapore. The Hub aims to foster innovation across smart city applications, intelligent IoT R&D and talents, while pursuing commercial excellence. The established relationships are testament to the strong support that Envision will have in Singapore, and will enable Envision to leverage Singapore’s “Smart Nation” movement.

“Envision is inspired by the Singapore Smart Nation commitment. We are excited to turn ‘Smart Nation’ from project into product, through an intelligent IoT platform and ecosystem. The collaboration with like-minded partners is accelerating the journey. ” said Mr. Lei Zhang, CEO of Envision.

The Memorandum of Understanding between Ascendas-Singbridge and Envision will see teams from both parties collaborating to develop smart building solutions with Envision’s EnOS™ IoT Platform and ecosystem. Ascendas-Singbridge will provide business knowledge and test-bedding facilities for a pilot trial of the co-developed solutions at Galaxis, an Ascendas-Singbridge development at one-north. Ascendas-Singbridge’s coworking space at Singapore Science Park, thebridge, is currently the home to Envision’s Global Digital Hub. Situating the Global Digital Hub in Singapore’s prime location also positions Envision to incubate locally and springboard globally, especially into the APAC energy market.

Mr Manohar Khiatani, Deputy Group CEO of Ascendas-Singbridge, said: “We are delighted to embark on our partnership with Envision. As Asia’s leading sustainable urban development and business space solutions provider, Ascendas-Singbridge strives to develop smart business parks by incorporating transformational initiatives and sustainable building solutions for our tenants and community.”

The collaboration between Envision and Sunseap Group will enable both parties to jointly develop an IoT platform to optimize Sunseap’s current and future portfolio of solar PV projects, which includes projects of rooftop, ground-mounted and floating variety in Singapore and Asia Pacific. The platform will also incorporate demand side energy management technologies and explore the feasibility of building innovative solar applications.

Mr Frank Phuan, Sunseap Group’s Co-Founder and Director, said: “We are excited to partner with Envision to jointly develop innovative clean energy solutions for our clients in a reliable and cost-effective manner. The partnership will allow us to tap Envision’s technologies to foster clean energy innovations in the growth markets of Asia.”

EnOS&trade platform will also be further improved with the support of SERIS, with a focus on weather predictions. Beyond this, the agreement will enable both parties to cooperate in other potential R&D activities. “SERIS aims to develop, test and commercialize innovative technologies in Singapore and then market them elsewhere in Asia Pacific and the world. Teaming up with the global intelligent IoT leader in the energy space helps to further test the solutions developed by SERIS and to disseminate them on a multi-national scale. We are excited about this collaboration and the mutual benefits arising from having joint teams working on some of the most advanced solutions for the solar energy sector”, said Dr Thomas Reindl, Deputy Chief Executive Officer of SERIS.

Together with NTU’s research strengths in developing industry-relevant energy solutions, Envision will be able to explore the possibility of research in building load forecasting, battery management system, and integrating the EnOS™ platform into NTU’s Eco Campus plans.

Professor Lam Khin Yong, NTU’s Vice President (Research), said, “NTU is pleased to collaborate with Envision to explore innovative and sustainable energy solutions. By tapping on NTU’s extensive expertise in digitalisation opportunities across the energy value chain, I am confident that this partnership will enhance the development of sustainability solutions that can be implemented within Asia and beyond.”

ENDS

Notes to editors:
For media enquiries, please get in touch with

Ranjeet Kaur
Ranjeet.Kaur@hkstrategies.com
D: +65 6390 3376
M: +65 9025 7674

Queena Chua
Queena.Chua@hkstrategies.com
D: +65 6390 3329
M: +65 9646 5195

Xiaoyang Liu
Xiaoyang.Liu@envisioncn.com
+86 18500709614

About Envision
Envision is a global leading smart energy management company. Envision owns the world’s largest Energy IoT platform, EnOS™，which manages 100GW of energy assets. Envision is a global leading smart wind turbine company and is also the second largest wind turbine manufacturer and the largest offshore wind power solution provider in China. With major investment into leading energy tech companies including Sonnen, ChargePoint, AutoGrid, and Bazefield etc, Envision is also becoming an integrator of global Energy IoT & Smart City Ecosystem.
Headquartered in Shanghai, Envision has regional offices across Asia, Europe, North and South Americas and has established global R&D and engineering centers in Denmark, Germany and the United States. Envision’s mission is to “solve the challenges for a sustainable future”; the company is committed to developing advanced technologies to create a sustainable future where everyone has access to clean, secure and affordable energy – thus a world of “beautiful energy”.
For more information on Envision Energy, please visit www.envision-energy.com.

About Ascendas-Singbridge Group
Ascendas-Singbridge Group is Asia’s leading sustainable urban development and business space solutions provider with Assets Under Management exceeding S$20 billion.
Jointly owned by Temasek Holdings and JTC Corporation through a 51:49 partnership, the Group undertakes urbanisation projects spanning townships, mixed-use developments and business/industrial parks. Headquartered in Singapore, Ascendas-Singbridge has projects in 28 cities across 9 countries in Asia, including Australia, China, India, Indonesia, Singapore and South Korea.
Ascendas-Singbridge holds commercial, hospitality and industrial assets across Asia Pacific. It has a substantial interest in and also manages three Singapore-listed funds under its subsidiary Ascendas, namely Ascendas Reit (a Straits Times Index component stock), Ascendas India Trust and Ascendas Hospitality Trust. Besides these listed funds, it also manages a series of private real estate funds.
For more information on Ascendas-Singbridge Group, please visit www.ascendas-singbridge.com

About Sunseap Group
Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.
For more information on Sunseap Group, please visit www.sunseap.com

About the Solar Energy Research Institute of Singapore (SERIS)
The Solar Energy Research Institute of Singapore (SERIS) at the National University of Singapore (NUS) is Singapore’s national institute for applied solar energy research. SERIS is jointly sponsored by Singapore’s National Research Foundation (NRF) – via the Singapore Economic Development Board (EDB) – and NUS. SERIS conducts research, development, testing and consulting on solar energy technologies and their integration into power systems and buildings. The institute’s R&D spectrum covers materials, components, processes, systems and services, with an emphasis on solar photovoltaic cells, modules and systems. SERIS is globally active but focuses on technologies and services for tropical regions, in particular for Singapore and South-East Asia. SERIS collaborates closely with universities, research organisations, government agencies and industry, both locally and globally.
For more information on SERIS, please visit www.seris.sg

About Nanyang Technological University, Singapore
A research-intensive public university, Nanyang Technological University, Singapore (NTU Singapore) has 33,500 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, Humanities, Arts, & Social Sciences, and its Interdisciplinary Graduate School. It also has a medical school, the Lee Kong Chian School of Medicine, set up jointly with Imperial College London.
NTU is also home to world-class autonomous institutes – the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering – and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI) and Energy Research Institute @ NTU (ERI@N).
Ranked 11th in the world, NTU is top in Asia and has been placed the world’s top young university for the past four years. The University’s main campus is frequently listed among the Top 15 most beautiful university campuses in the world and has 57 Green Mark-certified (equivalent to LEED-certified) buildings, of which 54 are certified Green Mark Platinum. NTU also has a campus in Novena, Singapore’s medical district.
For more information, visit www.ntu.edu.sg

As the first large-scale solar project to go online in Vietnam, the Ninh Thuan solar project will tap into Vietnam’s significant solar potential, generate employment opportunities and contribute to a cleaner energy mix for the country.

14 February 2018, Singapore – Sunseap International, the international arm of Singapore’s leading clean energy provider Sunseap Group, has signed an agreement with InfraCo Asia Development Pte Ltd (InfraCo Asia) to jointly develop a 168 MegaWatt-peak (MWp) utility-scale solar power project in Vietnam.

The solar project is in the Ninh Thuan province, on the south-central coast of Vietnam. It is one of the first large-scale solar projects in the country. The annual amount of electricity generated is expected to be able to power up to 200,000 households in the country.

InfraCo Asia, an infrastructure development and investment company of the Private Infrastructure Development Group, will bring its leadership expertise and provide funding for the development phase of the project.

Sunseap International will continue to hold a majority stake in the project, while InfraCo Asia will take a minority stake alongside Sunseap’s existing partner, CMX RE Canada.

The project is expected to reach commercial operation by June 2019. During the construction phase, the solar power project will create jobs for more than 200 local workers. Approximately 30 long-term jobs will be sustained when the project is in operation.

Mr Lawrence Wu, Co-Founder and Director of Sunseap, said: “We are delighted to have received the support of InfraCo Asia for our first project in Vietnam. We see huge potential for solar energy development in Vietnam and are excited to bring affordable and reliable clean energy to the country.

“Sunseap International remains focused on developing innovative solar energy solutions that benefit communities in the region while saving the environment. We hope that our solar power project will help to promote more green energy investments in Vietnam and in the Indo-China region.”

Mr Allard Nooy, CEO of InfraCo Asia, said: “As the opportunity for renewables in Vietnam continues to grow, we are excited to partner with Sunseap on a project that will serve as a catalyst for further private sector investment. The Ninh Thuan project will be one of the first large-scale solar projects in the country to go online. It will support Vietnam – which is currently reliant on coal – in creating a cleaner energy mix for the future.

“Projects like Ninh Thuan solar create a ‘demonstration effect’ that serves as a beacon for future development. InfraCo Asia is proud to serve as a clean energy pioneer in Vietnam and throughout the South and South East Asia regions.”

Electricity demand in Vietnam is growing 12 percent annually. According to the Vietnamese Government’s targets, solar power is expected to become the main new renewable energy source in the future, with installed capacity to be increased from around 6-7 MW at end of 2017 to 850 MW by 2020, accounting for 1.6 percent of the country’s power generation and 12,000 MW by 2030 or 3.3 percent of the country’s power generation.

In April 2017, Vietnam fixed the price of solar power at 9.35 US cents/kilowatt hour. The government set a June 2019 deadline for solar power plants to be built and connected to the grid by to receive this guaranteed solar feed-in tariff price.

Sunseap is one of the largest and most established players in the solar energy industry in the region. It has a pipeline of projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia.

InfraCo Asia is an infrastructure development and investment company which aims to stimulate greater private sector investment in infrastructure in the low-income developing countries of South and South East Asia. It funds pre-financial close, early stage and high-risk infrastructure development activities by taking an equity stake in socially responsible and commercially viable infrastructure projects that contribute to economic growth, social development and poverty reduction.

-The End-

About Sunseap Group
Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International develops, builds, finances, owns and operates solar projects in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

About InfraCo Asia

1. InfraCo Asia Development Pte Ltd (InfraCo Asia) is a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG).
2. Headquartered in Singapore, it aims to stimulate greater private sector investment in infrastructure in South and South East Asia. InfraCo Asia funds high-risk infrastructure development activities by taking an equity stake with a focus on socially responsible and commercially viable infrastructure projects that contribute to economic growth, social development and poverty reduction. At the appropriate time, either as close as possible to financial close and/or commercial operation, InfraCo Asia aims to (partially or fully, as appropriate) exit each project. It does this through the sale of its stake to the private sector in order to catalyse private sector investment and participation into the projects and countries it is involved in.
3. InfraCo Asia is currently funded by three members of PIDG – the Australian Department of Foreign Affairs and Trade (DFAT), the Swiss State Secretariat for Economic Affairs (SECO) and the UK Department for International Development (UKAid).

About the Private Infrastructure Development Group (PIDG)

The Private Infrastructure Development Group (PIDG) encourages and mobilises private investment in infrastructure in the frontier markets of sub-Saharan Africa, south and south-east Asia, to help promote economic development and combat poverty. Since 2002, PIDG has supported 154 infrastructure projects to financial close and provided 222 million people with access to new or improved infrastructure. PIDG is funded by donors from seven countries (UK, Switzerland, Australia, Norway, Sweden, Netherlands, Germany) and the World Bank Group.

For more information, please visit www.infracoasia.com and www.pidg.org.

Media Contacts
Sunseap Group Pte Ltd

Sebastian Wang
Tel: +65 6602 8086
Email: corpcomms@sunseap.com

InfraCo Asia
Allard Nooy
Tel: +65 6823 8050
Email: allard.nooy@infracoasia.com

Catherine Ong Associates (for Sunseap media enquiries)

Catherine Ong
Tel: +65 6327 6088
Email: cath@catherineong.com

Jaslin Tan
Tel: +65 6327 6086
Email: jaslin@catherineong.com

Microsoft purchases 100 percent of the renewable output from new 60MW solar project, supports development of new solar projects and greening of Singapore’s grid.

SINGAPORE — March 1, 2018 — Microsoft Corp. on Thursday announced a new agreement with Sunseap Group that marks Microsoft’s first clean energy deal in Asia and will create the single largest solar energy portfolio in Singapore to
date.

This 60 megawatt-peak (MWp) solar portfolio will span hundreds of rooftops across the nation. This is the largest rooftop solar project in Singapore and the first rooftop solar portfolio in the country focused on serving datacenter energy
consumption.

“Our cloud services are helping to power Singapore’s digital transformation, and today’s agreement will ensure that transformation is increasingly powered by clean energy,” said Kevin Wo, managing director, Microsoft Singapore. “We’re proud to work with Sunseap, the leading solar provider in Singapore, to support the growth of the local clean energy economy. With the agreement, Microsoft will improve the sustainability of our local operations and make important progress toward our corporate sustainability goals for datacenters.”

The investment in local solar energy builds on decades of Microsoft investment in Singapore and throughout the APAC region. Since it began operations in Singapore in 1990, Microsoft has sought to create local opportunity, growth and impact and supports the government’s efforts to make Singapore a smart, green and liveable city. Singapore is also home to Microsoft datacenter services that deliver Microsoft Azure, Office 365 and numerous other cloud services for customers.

Lawrence Wu, co-founder and president of Sunseap, said, “Sunseap is pleased to work with Microsoft on this landmark solar project. We see exciting potential in our partnership with Microsoft to raise awareness within the tech industry of the importance of adopting renewable energy solutions. Their investment in Singapore solar indicates a growing momentum for clean energy in the country and will further the positive ripple effect for organizations in Singapore to incorporate sustainability practices in their businesses.”

Through a 20-year agreement, Microsoft will purchase 100 percent of the renewable energy attributes to the grid. This landmark agreement also marks progress for Singapore in the renewables sector.

Gian Yi-Hsen, executive director, Cleantech, Singapore Economic Development Board (EDB), commented, “This landmark agreement marks yet another milestone in Singapore’s journey to grow the clean energy industry. We are seeing a distinctive trend of local and foreign companies using up to 100 percent renewable energy to power their business operations,
and Singapore is positioning itself to serve that need. EDB welcomes this latest agreement between Microsoft and Sunseap, which will help proliferate adoption of clean energy, and spur further innovation in new business models and technologies.”

The agreement also solidifies Sunseap’s unique position in the energy markets. Dominic Garetto, Sunseap’s vice president of Corporate Development based in California, added, “This contract, focused on serving Microsoft’s datacenter operations, highlights how environmentally responsible energy buyers can lead Singapore’s evolution as a global technology hub while fulfilling their sustainability goals. Microsoft also serves as a role model more broadly for leading corporate buyers pursuing clean energy strategies in Asia, and their support on this project inspires our work in Singapore and our operations
throughout Asia as we now collaborate with our clients in multiple countries across the region.”

“This deal is Microsoft’s first renewable energy deal in Asia, and is our third international clean energy announcement, following two wind deals announced in Ireland and The Netherlands in 2017,” said Christian Belady, general manager, Cloud Infrastructure Strategy and Architecture, Microsoft. “We’re on track to exceed our goal of powering 50 percent of our global datacenter load with renewable energy this year. Once operational, the new solar project will bring Microsoft’s total global
direct procurement in renewable energy projects to 860 megawatts.”

About Sunseap Group
Sunseap is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing
company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140

MegaWatt-peak (MWp) solar farm in India, a 10 MWp solar farm in Cambodia, operations in Malaysia and active development work in Thailand, Vietnam, the Philippines and other markets. Sunseap Energy provides clean energy solutions
utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets.

About Microsoft
Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud- first world, and its mission is to empower every person and every organization on the planet to achieve more.

For more information, press only:
Microsoft Media Relations, WE Communications for Microsoft, (425) 638-7777, rrt@we-worldwide.com
Sunseap Media Inquiries, +65 6602 8086, corpcomms@sunseap.com

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Centerat http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://news.microsoft.com/microsoft-public- relations-contacts.

Powering Singapore households with up to 100% solar energy from April 2018

Singapore, 19 March 2018 – Starting next month, residents in Jurong can lead the change and be the first to power all their home gadgets and appliances like televisions, laptops and washing machines with affordable clean energy from StarHub and Singapore-based sustainable energy firm Sunseap. Households will be able to switch out of their existing electricity retailer and go solar without the hassle of owning or installing solar panels.

Having formed a joint operation, StarHub and Sunseap are entering Singapore’s Open Electricity Market, starting with the Energy Market Authority’s soft launch in Jurong and culminating in the full liberalisation of the retail electricity market in the second half of this year. Consumers will be free to choose their desired electricity retailers according to their usage patterns and the prices offered. Switching electricity retailers will be seamless; there will be no disruption and customers can continue to enjoy the same quality and reliability of electricity supply.

As part of this joint operation, StarHub and Sunseap are collaborating on various fronts which include customer service, billing and sales, to ensure a fuss-free experience for households. Both companies are also exploring opportunities in smart energy and Internet of Things solutions to bring continued benefits to customers.

“Working together with Sunseap, we are excited to offer households a compelling way to live a lower carbon footprint lifestyle using the Sun’s energy. Leveraging each other’s expertise, we will bundle essential services from mobile, pay TV, broadband and electricity in attractive packages for customers, who are becoming more environmentally-aware;” said Mr Howie Lau, Chief Marketing Officer, StarHub. “Clean energy has been gaining ground in Singapore and we hope to further energise this green movement with the launch of our StarHub Clean Energy Fund.”

To champion clean energy use, 5% of StarHub’s profits out of this business in the first three years will be channelled into the StarHub Clean Energy Fund. The fund will be used to drive environmental conservation initiatives including clean energy and efficiencies. StarHub is committed to doing business in a sustainable manner to minimise our and our customers’ impact on the environment.

Mr Frank Phuan, Co-Founder and Chief Executive Officer, Sunseap Group, said: “We are pleased to be in a joint operation with StarHub to help residents in Singapore go green. This will make it easy for both existing and potential StarHub customers to switch to solar energy without any break in their regular electricity service. As the leading sustainable energy provider in Singapore, Sunseap is committed to helping consumers do their part to lower global warming emissions, which we believe is one of the most urgent challenges of the 21st century.”

With over three decades of experience in building and developing sustainable energy solutions, Sunseap has grown to become Singapore’s largest and most established sustainable energy provider. Sunseap’s solar energy is harvested from its rooftop solar systems across more than 1,000 buildings in Singapore, including public housing estates as well as commercial and industrial buildings, which convert sunlight into solar energy.

Starting next month, StarHub and Sunseap will offer customers a choice of two clean energy subscription plans named Green Life and Green Save.

The first plan named Green Life is a 100% clean energy plan tailored to meet the needs of environmentally conscious customers. Customers on the Green Life plan will receive electricity fully produced by Sunseap’s solar systems at no additional cost. Electricity will be charged at the usual regulated electricity tariff.

The second plan, Green Save, allows customers to take a step towards becoming more environment-friendly while enjoying some savings. With this plan, customers will receive 5% clean energy and enjoy 20% discount off the regulated tariff. Please refer to the table at the end of this media release for the comparison.

Customers can register their interest to jump on board this green journey at www.starhub.com/energy.

– END –

Appendix

Table

About StarHub

StarHub is Singapore’s fully-integrated info-communications company, offering a full range of information, communications and entertainment services for both consumer and corporate markets. StarHub operates a mobile network that provides 4G and 3G services. It also manages an island-wide HFC network that delivers multi-channel pay TV services (including HDTV, Internet TV and on-demand services) as well as ultra-high speed residential broadband services. StarHub operates an extensive fixed business network that provides a wide range of data, voice and wholesale services. Over Singapore’s fibre-based Nationwide Broadband Network, StarHub offers a broad range of home and business broadband plans as well as commercial and residential IPTV services.

Launched in 2000, StarHub has become one of Singapore’s most innovative info-communications providers, and the pioneer in ‘hubbing’ – the ability to deliver unique integrated and converged services to all its customers. StarHub, listed on the main board of the Singapore Exchange since October 2004, is a component stock of the Straits Times Index, the MSCI Singapore Free Index, the SGX Sustainability Leaders Index and the SGX Sustainability Leaders Enhanced Index. Visit www.starhub.com for more information.

About Sunseap Group

Sunseap is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India, a 10 MWp solar farm in Cambodia, operations in Malaysia and active development work in Thailand, Vietnam, the Philippines and other markets. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets.

Media contacts:

Chow Xin Ying
Executive
Corporate Communications
StarHub
DID:     +65 6825 5182
Email:   xinying.chow@starhub.com

Philemon Foo
Senior Executive
Corporate Communications
StarHub
DID:     +65 6825 5635
Email:    philemon.foo@starhub.com

Sebastian Wang
Executive
Marketing
Sunseap Group
DID:     +65 6816 1000
Email:   corpcomms@sunseap.com

April 12, 2018, Sibang Kaja, Bali, Indonesia – Green School Bali students and friends are one step closer to getting their campus off the grid, with the support of Sunseap, the largest clean energy solutions provider in Singapore.

Sunseap, a Singapore-based solar developer, generously donated PV solar panels that will power one of the world’s greenest maker spaces: The Green School Community Innovation Hub. The “iHub” a green, rapid prototyping facility that is changing the face of education. Inspiring entrepreneurial problem solving, student ideas are incubated, tested, rethought, refined, and finally brought to life, under the guidance of the community, visiting entrepreneurs, local artisans and teachers.

Mr. Rob Khoo, Vice President of Marketing and Communications at Sunseap Group, said: “Sunseap is delighted to support Green School Bali in its efforts to go green.

“This donation is part of Sunseap’s corporate social responsibility initiative to help people in the region become more aware of the impact of their daily activities on the environment and how they can switch to renewable energy sources to reduce their carbon footprint.”

Sunseap’s donation puts the power into the hands of young people to be the change makers they want to be. This project represents the entrepreneurial mind-set and collaborative problem solving that are the hallmarks of both Green School and Sunseap.

In combination with micro-hydro turbine on the banks of the local river, this gift of solar panels will expand an existing solar array on campus, adding another exciting element to the student-driven energy sustainability project “Operation Rain or Shine”. The ultimate goal of Operation Rain or Shine is to become a model of renewable energy production and storage for the school and local community—a showcase of resilient and reliable clean energy. The hybrid renewable energy micro-grid will now be expanded through the generous support of Sunseap.

The shared mission of Sunseap and Green School delivers not only energy solutions but a common belief in the power of learning through real-life projects and educating for 21st Century skills and competencies.

 About Green School Bali

 Green School is a non-profit private Pre-K to Grade 12 school in Bali, Indonesia, educating for sustainability in one of the world’s most sustainable and beautiful school campuses. The School’s mission is ‘A community of learners making our world sustainable’.

Green School educates through a holistic, community-integrated, entrepreneurial learning programme. The school is accredited by the Western Association of Schools & Colleges (WASC).

Green School was awarded the title of “2012 Greenest School on Earth” by the Centre for Green Schools at the United States Green Building Council.  The Green School has 440 students from 35 countries including 40 local Balinese children on scholarships.

Green School was founded in 2008 by John and Cynthia Hardy, award-winning jewelers, sustainable business pioneers, and 30-year residents of Bali who recognized a unique opportunity to create a new and truly inspiring model for education, that disrupts the structural, conceptual, and physical limitations of most traditional schools.

“…I have visited many different places and many schools, but Green School is the most unique and impressive school I have ever visited.” – Ban Ki Moon, United Nations Secretary-General

For more information please see www.greenschool.org or email info@greenschool.org

For media resources please contact communications@greenschool.org

Social Media Links:

Facebook: https://www.facebook.com/greenschool/

Twitter: https://twitter.com/greenschoolbali

Youtube: https://www.youtube.com/user/greenschoolbali

Linked In: https://www.linkedin.com/company/green-school

Instagram: https://www.instagram.com/greenschoolbali/

Support Green School projects

Watch:
Green School

My Green School Dream by John Hardy

School of the Future, Now

Green School Student Activism
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About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

Media Contacts

Sunseap Group Pte Ltd

Sebastian Wang

Tel: +65 6602 8086

Email: corpcomms@sunseap.com

20 April 2018, Singapore – Singapore’s leading clean energy provider Sunseap Group has partnered German energy storage solutions provider Hoppecke Asia Pacific to provide an energy storage solution for Sunseap’s hybrid off-grid solar system at Tanglin Academy.

In 2016, Sunseap donated a solar system to Tanglin Academy, the largest tennis academy in Singapore, as part of its corporate social responsibility programme. This made Tanglin Academy the first local tennis centre to introduce clean energy practices.

Hoppecke’s energy storage solution will help Tanglin Academy further reduce its carbon footprint. Solar energy produced during the day can be stored and discharged on cloudy days or in the evenings to illuminate the Academy’s tennis courts.

The partnership will not only help Tanglin Academy utilise more clean energy but also reduce its reliance on its diesel generator which is currently used to supplement the solar energy generated from the solar panels on its premises. The Academy will be able to save on diesel costs and reduce the amount of diesel fumes and carbon dioxide generated during the day.

Mr Sherman Chong, Director of Hoppecke, said: “The hybrid energy system by Sunseap is an innovative solution that makes use of solar energy efficiently, while reducing carbon dioxide emissions. Our Hoppecke solar power battery range is an ideal complement to this system, and offers outstanding stability and long life span, even when the battery is partially charged.”

Mr Shawn Tan, Senior Manager of Special Projects at Sunseap Group, said: “Sunseap is pleased to collaborate with Hoppecke and Tanglin Academy to showcase our new energy storage and solar-diesel hybrid energy solution. We have been exploring ways to help clients save more money and reduce their carbon footprint, and we are very excited that we have implemented this solution.”

Mr Tan added that the partnership with Hoppecke will serve as a testbed for Sunseap to launch hybrid off-grid energy solutions on a commercial scale in the future. He noted that the enhanced solar system will help Tanglin Academy save more than 15 to 20 per cent of their energy costs and reduce their carbon footprint by over 8.3 tonnes per year.

Mr Elvin Chee, the owner of Tanglin Academy, added: “We are extremely pleased with this hybrid project as we now have less noise and pungent fumes from the diesel generators and this allows the children at our tennis lessons to focus better and enjoy fresher and cleaner air during their practice.”

Sunseap also works with enterprise development agency, Enterprise Singapore (previously IE Singapore and SPRING Singapore), to build its product development capabilities in micro grids and on test bedding projects.

“We are pleased to see this partnership between Sunseap, a homegrown SME, and Hoppecke, a multinational company, create an innovative and more efficient solar-and-diesel hybrid energy solution. This solution will enable Sunseap to meet the growing energy demand from off-grid users across regional markets.  We wish to encourage more of such collaborative projects between SMEs and technology providers, which will help catalyse knowledge transfer, capability upgrading and product development,” said Mr Geoffrey Yeo, Director, Urban Solutions of Enterprise Singapore.”

Sunseap’s successful partnership with Hoppecke has already attracted the attention of potential clients. Sunseap’s Mr Tan shared that the company has seen interest from many parties in Southeast Asia keen to adopt off-grid clean energy or hybrid solutions, but on a much larger scale.

Sunseap is one of the biggest players in the solar energy industry in the region and its green solutions are fast gaining traction among companies and public institutions. Those who have signed up include Apple, Housing Development Board, Singapore American School, Singapore Cruise Centre, Jurong Port, ABB and Panasonic.

Outside of Singapore, the company has a pipeline of projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia.

About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

Media Contacts

Sunseap Group Pte Ltd

Sebastian Wang
Tel: +65 6816 1000

Email: corpcomms@sunseap.com

Catherine Ong Associates

Jaslin Tan

Tel: +65 6327 6086

Email: jaslin@catherineong.com

From Left to Right: Frank Phuan (Founder & CEO of Sunseap), Nguyễn Xuân Phúc (PM of Vietnam)

27 April 2018, Singapore – Sunseap International, a unit of Singapore’s leading clean energy provider Sunseap Group, announced today that it has received the green light for a US$150 million solar farm in Vietnam, the largest in the country to-date.

The issuance of the Decision on Land Handover (Phase 1) for the 168 MegaWatt-peak (MWp) solar project in the Ninh Thuan province coincided with the Vietnam – Singapore Business Dialogue 2018 held in Singapore with Vietnam’s Prime Minister, His Excellency Nguyen Xuan Phuc as Guest of Honour.

This was preceded by the issuance of the Investment Registration Certificate which involves a detailed process involving approvals from various authorities including the Prime Minister Office, which is required for solar projects exceeding 50 MWp.

The project represents the largest solar collaboration between Singapore and Vietnam and is expected to break ground in mid-2018 before going into commercial operation by June 2019. Once completed, it will generate enough electricity to power up to 200,000 households in Vietnam and create permanent jobs for over 200 workers.

Under the investment agreement, Sunseap, together with its joint-venture partners InfraCo Asia – an infrastructure development and investment company of the Private Infrastructure Development Group, and CMX Renewable Energy Canada Inc. – a solar developer based in Canada, will be allowed to sell solar power generated by its solar farm to Vietnam’s national grid at the mandated solar feed-in tariff of 9.35 US cents/kilowatt hour for the next 20 years provided they complete the delivery of the clean energy to the grid by June 2019.

Mr Frank Phuan, Co-Founder and Chief Executive Officer of Sunseap, said: “This is the largest project to-date for Sunseap and we are honoured to be able to participate in the greening of Vietnam. There is so much potential to bring affordable and reliable clean energy to the country and we are excited to work with a government that is committed to sustainable development as the way forward.

“The Vietnam solar farm project is in line with our vision to conserve the environment, and at the same time contribute to communities across Asia. We hope that our project can serve as a catalyst to promote greater investments in renewables not just in Vietnam but also throughout the Indo-China region.”

Mr. Luu Xuan Vinh, Chairman of Ninh Thuan Provincial People’s Committee, said: “The 168 MWp solar farm project invested by Sunseap CMX RE Solar Holdings Pte. Ltd. is one of the largest solar energy projects in Ninh Thuan Province. We are pleased to announce that the People’s Committee of Ninh Thuan Province has issued the Investment Registration Certification and the Decision on Land Handover (Phase 1), handing over 130 hectares of land to the project developer. The remaining 56 hectares is expected to be handed over in May 2018.

This project is an example of the collaboration between Vietnam and Singapore to attract investments in the renewable energy sector and demonstrates Vietnam government’s support for Singapore businesses to invest in Vietnam and Ninh Thuan. We are confident that this project will act as a catalyst for more foreign investments into Vietnam and look forward especially to greater collaboration with Singapore enterprises.”

Energy demand in Vietnam is seeing a 12 percent growth annually. According to targets set across by the Vietnamese Government, solar power is expected to become the main source of renewable energy in the future, with installed capacity expected to be increased to 850 MegaWatts (MW) by 2020, which would account for 1.6 percent of the country’s power generation and 12,000 MW by 2030.

Enterprise Singapore, the Singaporean government agency championing enterprise development, supported Sunseap in developing its new technologies and helped built its manpower capabilities in its expansion into Southeast Asia. Enterprise Singapore supported Sunseap in connecting the company with industry stakeholders, including local and international financiers.

Mr Tan Soon Kim, Assistant Chief Executive Officer, Enterprise Singapore, said: “We have seen traction in renewable energy projects in Vietnam, particularly in the solar energy sector. We hope to partner more companies to tap these growing opportunities in the market. The recent Memorandum of Understanding (MOU) we have signed with Vietnam Electricity and Renewable Energy Authority aims to bring in more potential downstream opportunities for Singapore companies.”

8 June 2018, Singapore – Sunseap International, a unit of Singapore’s leading clean energy provider Sunseap Group, begins construction of its US$150 million solar farm in Vietnam at a groundbreaking ceremony today.

The ceremony for Vietnam’s largest solar farm to-date was held at the 186 hectares site in Ninh Thuan province on Vietnam’s south-central coast.

It was attended by H.E. Truong Vinh Trong, former Vietnam Deputy Prime Minister, Mr Tong Quoc Dat, Chief of Office of Vietnam’s Ministry of Planning and Investment, Mr Nguyen Duc Thanh, Secretary of Ninh Thuan Party Committee, Mr Pham Van Hau, Vice Chairman of Ninh Thuan People’s Committee and Ms Leow Siu Lin, Consulate-General of the Republic of Singapore in Ho Chi Minh City. Representatives from Vietnam’s Ministry of Industrial and Trade, Ministry of Finance, Ministry of Police, as well as from Enterprise Singapore, a statutory board under Singapore’s Ministry of Trade and Industry, also attended the event.

Sunseap’s 168 megawatt-peak (MWp) solar farm is also the largest solar collaboration between Singapore and Vietnam and the first solar project in Vietnam led by a Singaporean company. The farm is expected to reach commercial operation by June 2019 and once completed, will generate enough electricity to power up to 200,000 households in Vietnam and create permanent jobs for over 200 local workers.

Sunseap, together with its joint-venture partners InfraCo Asia, an infrastructure development and investment company of the Private Infrastructure Development Group, and CMX Renewable Energy Canada Inc., a solar developer based in Canada, will be allowed to sell solar power generated by its solar farm to Vietnam’s national grid at the mandated solar feed-in tariff of 9.35 US cents/kilowatt hour for the next 20 years, provided they complete the delivery of clean energy to the grid by June 2019.

Mr Frank Phuan, Co-Founder and Director of Sunseap, said: “We are excited to reach another important milestone in this solar project for Vietnam and for Sunseap. It is testament to the government’s commitment to promoting renewable energy and to supporting foreign investments in this sector.

“For Sunseap, this marks a significant step in our efforts to bring affordable, reliable and clean energy to beyond Singapore. As our name implies, we want the sun to be a major contributor to a sustainable future for Southeast Asia and the Pacific region.”

Mr Pham Van Hau, Vice Chairman of Ninh Thuan People’s Committee, said: “Within eight months of receiving the decision on investment policy, the investor has showed great efforts to acquire all relevant permits and meet all the necessary conditions so that today, this 168 megawatt-peak solar power plant can officially break ground.

“The groundbreaking ceremony of CMX RE Sunseap’s solar farm today is not only a happy day for the company and the people in My Son Commune, but also a happy day of everybody in Ninh Thuan, who are expecting this project to be a breakthrough for the socio-economic development of Ninh Son district, making Ninh Thuan the renewable energy centre of Vietnam.

“With the support of local authorities and the community, I believe this project will be implemented smoothly and be commercially operational on time.”

Enterprise Singapore, the Singaporean government agency championing enterprise development, supported Sunseap in developing its new technologies and helped built its manpower capabilities in its expansion into Southeast Asia. Enterprise Singapore supported Sunseap in connecting the company with industry stakeholders, including local and international financiers.

Mr Tan Soon Kim, Assistant Chief Executive Officer, Enterprise Singapore, said: “We have seen traction in renewable energy projects in Vietnam, particularly in the solar energy sector.

We hope to partner more companies to tap these growing opportunities in the market. The recent Memorandum of Understanding we have signed with Vietnam Electricity and Renewable Energy Authority aims to bring in more potential downstream opportunities for Singapore companies.”

Sunseap is one of the largest and most established players in the solar energy industry in the region. It has a pipeline of projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia.

17th August 2018, Singapore – Sunseap Group, Singapore’s leading integrated clean energy solutions provider, announced the launch of its newest fully-owned subsidiary, Sunseap Solutions Pte Ltd, today.

The new entity provides integrated efficient energy solutions through energy audits, Green Mark consultancy and energy performance contracting. Sunseap Solutions’ energy performance contracting focuses on LED lighting retrofits. This will eventually expand to include other forms of M&E equipment (eg. Chiller plants, pumps, and lifts). Under the energy performance contracting scheme, lighting retrofits will be fully financed by the Sunseap Group and clients will co-share the energy savings. The equipment will be maintained and warrantied by Sunseap Solutions during the contract period.

Sunseap Solutions also offers the full range of Optigreen green roof solutions and components.

The launch of the new business unit is part of Sunseap Group’s plan to provide all-rounded sustainable solutions for its clients. The Group’s other entities are Sunseap Leasing, which provides rooftop solar solutions to the masses, Sunseap International, which is responsible for the group’s regional activities outside of Singapore, and Sunseap Energy, Singapore’s largest clean energy retailer.

Mr Laurence Kwan, Director of Sunseap Energy, said: “We are excited that the Sunseap Group is about to embark on the next phase of its development with the formation of Sunseap Solutions. We are now able to provide the full spectrum of green solutions to our clients with the convenience of a single point of contact.

“This is in line with the Group’s vision of providing affordable sustainable solutions to the masses and is an important step to decarbonising.”

To date, Sunseap has more than 160 megawatts (MWp) of contracted solar project capacity in Singapore, which has been deployed or is in the course of being deployed. Some of its clients include Apple, Housing Development Board, Singapore American School, Raffles Institution, the United Technologies Group and ABB.

Regionally, it is also one of the largest and most established players in the solar energy industry. It has a pipeline of projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia, including a 168 MWp solar farm in Vietnam, the largest in the country, a 62 MWp utility scale farm in the Philippines and a 10 MWp utility scale farm in Cambodia.

9 November 2018, Singapore – Sunseap Group, Southeast Asia’s leading sustainable energy provider, is developing one of the world’s largest offshore floating photovoltaic (OFPV) systems to be located north of Woodlands Waterfront Park, along the Straits of Johor.

Supported by the Singapore Economic Development Board (EDB), the 5 MegaWatt-peak (MWp) floating solar system will generate about 6,388 MWh of renewable energy annually, once completed. This is equivalent to powering about 1,250 4-room flats, with a reduction in greenhouse gas emissions of about 2,600 tonnes every year, over the next 25 years and beyond.

Most large-scale floating PV systems are built on freshwater ponds, lakes or reservoirs. Sunseap’s latest is one of the largest sea-based photovoltaic (PV) projects.

Mr Frank Phuan, Co-founder and CEO of Sunseap Group, said: “Sunseap is excited to embark on this landmark project which demonstrates Sunseap’s engineering capabilities in research and development. Our floating solar system supports Singapore’s ambition to be a solar hub for Asia, and we hope it will ignite more deployment of alternative methods of tapping solar energy.”

Mr Phuan added that in land-scarce countries like Singapore, the widespread use of PV systems is hindered by space constraints and limited roof space. The successful delivery of this project is important in opening up similar opportunities for sea-based floating photovoltaic systems in Singapore and the region.

Mr Rob Khoo, Vice President, Marketing Communications, Sunseap Group commented: “Solar energy is a key renewable energy source in Singapore and Sunseap is constantly innovating and exploring more efficient ways to deploy cutting-edge technologies that will help us protect the environment for future generations,” he said.

Mr Damian Chan, Executive Director, Energy, Chemicals & Materials, EDB, said: “Solar is one of the most viable and sustainable clean energy options in Singapore, and we continue to see innovative solar solutions being developed and deployed here. Beyond contributing to Singapore’s energy security and climate change commitments, Sunseap’s offshore floating photovoltaic system will help the clean energy ecosystem build new, exportable capabilities for potential scale-up across the region.”

Sunseap has previously participated in the world’s largest floating PV test-bed in Singapore at Tengeh Reservoir. Results so far show that the floating PV systems perform better than typical rooftop solar PV systems in Singapore, due to the cooler temperatures of the reservoir environment.

The 5-hectare (equivalent to the size of 5 football fields) OFPV pilot in Woodlands is expected to be commercially operational early next year. This builds on Sunseap’s experience with freshwater systems in reservoirs and is expected to produce similar benefits.

-The End-

About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

Media Contacts

Sunseap Group Pte Ltd
Tel: +65 6602 8086
Email: corpcomms@sunseap.com

Catherine Ong Associates
Jaslin Tan
Tel: +65 6327 6086
Email: jaslin@catherineong.com

The post Sunseap to build one of the world’s first and largest sea water floating solar systems appeared first on Sunseap.

16th January 2018, Singapore – Sunseap Group, Southeast Asia’s leading sustainable energy provider, has acquired a minority stake in Todae Solar, one of Australia’s largest solar commercial and industrial engineering, procurement and construction (EPC) companies*.

The strategic partnership will provide further growth opportunities for both companies to deliver larger and more complex projects in Australia. Sunseap will be able to leverage on Todae Solar’s expertise in solar EPC and construction management while Todae Solar will tap Sunseap’s expertise and track record in providing power purchase agreement solutions, project financing, operations and maintenance.

Mr Lawrence Wu, Co-Founder and President of Sunseap Group, said: “This is Sunseap’s first investment in Australia’s commercial solar market and we are excited to enter into this partnership with Todae Solar, a leading player in the industry.

“We believe that this is a timely move as the outlook for solar photovoltaics in Australia is bullish and the market is growing fast. Through this partnership, we will be able to tap Todae Solar’s extensive network of commercial clients to build a solar portfolio in the country.”

Mr Danin Kahn, CEO of Todae Solar, said: “We are delighted to work with Sunseap, a leading solar energy company in the Asia Pacific Region. This collaboration will create synergies for both companies and improve the robustness of our businesses.

“We will use this opportunity to further enhance our position as Australia’s leading commercial installer as we build and strengthen our brand, and accelerate our growth. This partnership will also help expand our reach in Australia through Sunseap’s Asian clients operating in Australia.”

Mr Kahn added that despite the synergies of working together, Sunseap’s investment will not affect business as usual operations including existing (or future) partners or suppliers.

Mr Claude Von Arx, Director of Sunseap’s Australian Operations, said: “We are incredibly excited about the opportunities this new partnership will bring for both firms, and importantly, to our regional customer base in 2019 and beyond. The strategic alignment, and the subsequent complimentary synergies throughout the teams, present a genuine opportunity to consolidate our respective positions in the marketplace.”

Sunseap is one of the largest and most established players in the solar energy industry in the region. It has a pipeline of projects in Cambodia, India, Thailand, Vietnam and Malaysia, including a 168-megawatt peak (MWp) solar farm in Vietnam, the largest in the country, a 62 MWp utility scale farm in the Philippines and a 10 MWp utility scale farm in Cambodia. In Singapore, it is the largest owner of solar rooftop systems, with more than 163 MWp of contracted capacity.

Todae Solar is the leading commercial and industrial EPC player with a 15-year track record of business continuity and project quality. It has installed solar power in thousands of locations across Australia including over 75-megawatt of combined solar energy for various businesses in the country.

-The End-

About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

Media Contacts
Sunseap Group Pte Ltd

Tel: +65 6602 8086
Email: corpcomms@sunseap.com

Catherine Ong Associates

Ashley Silitonga
Tel: +65 6221 3321
Email: ashley@catherineong.com

Todae Solar
Landon Kahn – Head of Strategy, Marketing and Culture
Tel: +61410 426 288
Email: landon.kahn@todaesolar.com.au

*Todae Solar was the #1 commercial installer in 2017 (75kW+) for total system size installations as verified by SunWiz Solar Industry Intelligence – Australian PV Market Insights.

The post Sunseap invests in Australia’s leading commercial solar company Todae Solar* appeared first on Sunseap.

Singapore/Hong Kong, 3 April 2019 – ING has added another first to its growing portfolio of sustainable finance deals in the region. It today announced that it has sealed the first green loan in ASEAN that is compliant with LMA/APLMA Green Loan Principles for a portfolio of rooftop solar projects.
This is also ING’s first solar rooftop financing transaction in Asia Pacific. ING is the Sole Mandated Lead Arranger for the S$50 million loan, which will be used to finance an approximately 50MW portfolio of rooftop solar projects. These project will be developed and owned by Sunseap Commercial Assets Pte. Ltd., a subsidiary of Sunseap Group (Sunseap).
These rooftop solar projects in Singapore will range from approximately 100kW to 5MW in size, and will benefit from long-term Power Purchase Agreements with more than 20 international and domestic commercial and industrial corporates such as PSA.
Rooftop solar projects, which tend to be individually small-scale and therefore uneconomical to finance separately, are generally funded on a guaranteed basis. “But in this case we have created an innovative structure to finance this portfolio of rooftop solar projects on a limited-recourse basis and in a single loan facility. The financing is expected to help different industries in Singapore – from education to transportation to technology – offset their carbon footprint,” said Erwin Maspolim, Asia Pacific Head of Utilities, Power and Renewables, ING.
Mr Lawrence Wu, President and Executive Director, Sunseap Group, said, “We are proud to be the first renewable energy company in ASEAN to secure a green loan. ING’s financing will enable us to continue generating clean energy to benefit a diverse range of clients.”
Facility aligned with Sunseap Green Finance Framework
This S$50 million loan is on the back of a green finance framework created for Sunseap, for which ING acted as the Green Structuring Advisor. The framework is aligned to a number of global principles.
Under this framework, Sunseap and its subsidiaries will be able to raise green financing instruments (including green loans, green bonds or other debt instruments) to finance or refinance green projects in three eligible areas: renewable energy, energy efficiency and green roof systems. These can include renewable projects including rooftop solar, run-of-river hydro and wind energy; energy efficiency projects for example smart grids, battery storage and LED lighting retrofits, as well as roof-top greenery projects.
Sustainalytics, a leading global provider of ESG research and ratings, was asked to provide a second party opinion on Sunseap’s Green Finance Framework. Sustainalytics’ report concluded that the framework is credible and impactful, and contributes to UN Sustainable Development Goals (SDGs) 7: Affordable and Clean Energy and 11: Sustainable cities and Communities.
Herry Cho, Head of Sustainable Finance for Asia-Pacific, ING, commented, “ING is honoured to partner with Sunseap on this market leading transaction, and we expect this deal to spark off more demand for Green Loan Principles-compliant loans in the renewable energy sector.”
Financing renewable energy and energy efficiency projects is crucial for countries in the Asia-Pacific region. It is estimated that by 2025, ASEAN countries will be home to over 715 million people , many of whom currently still lack access to modern energy services. Renewables can play a key role in ensuring clean and affordable energy for people across the region.
ING recently became the first global bank to use a science-based approach to steer its business strategy towards meeting the temperature targets set by the Paris Climate Agreement. This initiative, called the Terra Approach, enables ING to measure the bank’s lending portfolio against climate-based scenarios. ING will focus specifically on the sectors that are responsible for most greenhouse gas emissions using a customised approach per sector in order to make the most impact.
“Energy is one of the key sectors for ING, and supporting renewable energy projects is clearly aligned with the goals for our Terra Approach,” Herry concluded.

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ING Profile
ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 52,000 employees offer retail and wholesale banking services to customers in over 40 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

Sustainability forms an integral part of ING’s strategy, evidenced by ING’s ranking in the banks industry group by Sustainalytics. ING Group shares are included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World), where ING is also among the leaders in the banks industry group.
ING in Asia
In Asia Pacific, ING offers wholesale banking across 14 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, Malaysia, Mongolia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam.
ING offers both retail and wholesale banking services in Australia. The bank also started its digital banking platform in the Philippines in 2018. ING’s regional presence includes a 13% stake in Bank of Beijing, China and a 30% stake in TMB Bank, Thailand.

Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India, a 168 MWp solar farm in Vietnam and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilizing off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which signed an agreement with Sunseap to procure 100% of its local energy requirements frm renewable sources.
IMPORTANT LEGAL INFORMATION
Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014.

Projects may be subject to regulatory approvals.

Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING’s core markets, (2) changes in performance of financial markets, including developing markets, (3) potential consequences of European Union countries leaving the European Union or a break-up of the euro, (4) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness, (5) changes affecting interest rate levels, (6) changes affecting currency exchange rates, (7) changes in investor and customer behaviour, (8) changes in general competitive factors, (9) changes in laws and regulations and the interpretation and application thereof, (10) geopolitical risks and policies and actions of governmental and regulatory authorities, (11) changes in standards and interpretations under International Financial Reporting Standards (IFRS) and the application thereof, (12) conclusions with regard to purchase accounting assumptions and methodologies, and other changes in accounting assumptions and methodologies including changes in valuation of issued securities and credit market exposure, (13) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (14) changes in credit ratings, (15) the outcome of current and future legal and regulatory proceedings, (16) operational risks, such as system disruptions or failures, breaches of security, cyber attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business, (17) the inability to protect our intellectual property and infringement claims by third parties, (18) the inability to retain key personnel, (19) business, operational, regulatory, reputation and other risks in connection with climate change, (20) ING’s ability to achieve its strategy, including projected operational synergies and cost-saving programmes and (21) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com. Many of those factors are beyond ING’s control.
Any forward looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.Any forward looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

The post Sunseap seals first green loan for rooftop solar projects in ASEAN with ING appeared first on Sunseap.

26th April 2018, Singapore – Sunseap Group, Singapore’s leading integrated clean energy solutions provider, said it has signed three energy improvement deals with Fuisland Offset Printing, an established one-stop print service provider in Singapore, to install a solar system, supply clean energy and install an energy-efficient LED lighting system.

The first contract is a 20-year agreement in which Sunseap will install a 145.88 kilowatt (kW) solar system for Fuisland. It will generate a solar energy output of 170,382 kilowatt hour annually.

By producing its own renewable energy, Fuisland will be able to reduce its carbon footprint by the equivalent of up to 178,901 pounds of coal, 11,927 gallons of oil or 71,424 kg of carbon dioxide, similar to planting 1,831 trees. The solar photovoltaic system is expected to be operational from 1 April 2019.

In addition, Sunseap will also provide Fuisland with 100% clean energy for one year starting from 1 September 2018.

Mr Frank Phuan, Co-Founder and CEO of Sunseap, said: “We are delighted to support Fuisland Offset Printing in their efforts to go green. We are a major advocate of sustainability and stand ready to work with companies like Fuisland to help them achieve their goals to reduce their carbon footprint and operate in a sustainable manner.

Mr Png Eng Lee, Managing Director of Fuisland Offset Printing, said: “This partnership with Sunseap Group is a significant step in sustainability for us. It is a unique opportunity for us to do more for the environment while continuing to provide the highest standards of quality and service to our customers. We encourage other small and medium-sized enterprises to find ways to be environmentally friendly in their businesses.”

In the third agreement, Fuisland has engaged Sunseap Solutions, the Group’s newest fully-owned subsidiary, to conduct a lighting energy audit and to retrofit the existing lighting system with an energy-efficient LED lighting system. The retrofit is expected to be completed by early November 2018 and will reduce Fuisland’s current lighting energy consumption by over 50%,

Mr Png added that Fuisland has already switched to using eco-friendly materials in their products such as using paper certified by the Forest Stewardship Council, an international certification which promotes responsible management of the world’s forests, and soy-based inks.

Mr Png extends the same principle of environmental conservation to his personal life as well. He drives a hybrid car and intends to switch to electric cars in the future. He also plans to install solar panels for his house. As Fuisland’s chief, he wants to lead by example and encourage his family, friends and employees to be more environmentally responsible.

Sunseap is one of the largest and most established players in the solar energy industry in the region. It has a pipeline of projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia.

In Singapore, Sunseap is the largest owner of solar rooftop systems, with more than 163 MWp of contracted capacity. It has won five out of eight solar tenders called by the Singapore government to date to install photovoltaic panels on the rooftops of a number of public housing and other government properties.

-The End-

About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

Media Contacts
Sunseap Group Pte Ltd

Sebastian Wang
Tel: +65 6602 8086
Email: corpcomms@sunseap.com

Catherine Ong Associates

Jaslin Tan
Tel: +65 6327 6086
Email: jaslin@catherineong.com

Ashley Silitonga
Tel: +65 6221 3321
Email: ashley@catherineong.com

The post Sunseap Group inks three solar power deals with Fuisland Offset Printing appeared first on Sunseap.

18 June 2019, Singapore – Sunseap Group, Singapore’s leading integrated clean energy solutions provider, announced today that it has formed a joint venture with Pacific Green Energy Co., Ltd to jointly develop solar projects in Taiwan.

The news follows Sunseap’s recent announcements to build a US$150 million 168 megawatt (MW) solar farm in Ninh Thuan province on Vietnam’s south-central coast. Sunseap recently teamed up with one of China’s first private equity firms, Guohe Capital, and Shanghai’s renewable energy company Starkle Energy to expand into China, with a target to achieve over 200 MWp of solar projects over the next two years.

The joint venture company, Pacific Sunseap Energy Ltd, will focus on distributed photovoltaic projects in Taiwan, with plans to develop over 100 MWp of solar projects in Taiwan over the next three years.

Over the course of eight months, Sunseap’s foray into the Taiwanese market has gained some strong momentum. It recently provided engineering, procurement and construction (EPC) services for one of Taiwan’s largest AC cable manufacturer to install a 2 MWp solar system on the rooftops of its new Taoyuan factory. Sunseap has also completed a 3.3 MWp canal-based solar system in Pingtung and has secured several projects in the manufacturing and agriculture sectors.

Mr Frank Phuan, Co-Founder and CEO of Sunseap, said: “We are excited to partner with Pacific Green Energy Co., Ltd. to expand into the Taiwanese market and we hope to replicate the success we’ve achieved in Singapore and regionally, in the areas of rooftop and ground mounted solar solutions. The joint venture will allow us to utilise Pacific Green Energy Co., Ltd’s resources and leverage the company’s network and expertise in Taiwan, and in turn for Pacific Green Energy Co., Ltd to leverage our skills and experience in delivering clean energy solutions in a reliable and cost-effective manner.

“Sunseap is always on the lookout for opportunities to collaborate with like-minded partners to develop innovative and viable renewable energy solutions such as the deployment of solar systems on alternative spaces such as canals, reservoirs and sea for the sustainable development of economies and communities in the Asia Pacific region.”

Mr Calvin Cheng, Co-Founder of Pacific Green Energy Co., Ltd, said: “My family has had a long history in helping to electrify and industrialise Taiwan through our cable business. The green revolution is happening right now and it is my passion to play a role to shape Taiwan’s energy future that led me to start Pacific Green Energy Co., Ltd.

“Taiwan’s energy market is going through a transformational period to become more sustainable, and the time is now for the nation to embrace more green energy. With its high incentives, Taiwan is one of the fastest growing solar markets in Asia. We are confident our joint venture with Sunseap will place us in a competitive position to rapidly deploy, develop and acquire solar projects in Taiwan.”

Sunseap is one of the largest and most established players in the solar energy industry in the region. It has a pipeline of projects in Cambodia, Philippines, India, Thailand, Vietnam, Malaysia and Australia. 2

In Singapore, Sunseap is the largest owner of solar rooftop systems, with more than 250 MWp of contracted capacity. It has won five out of eight solar tenders called by the Singapore government to date to install photovoltaic panels on the rooftops of a number of public housing and other government properties.

-The End-

About Sunseap Group

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through three key units: Sunseap Leasing, Sunseap International and Sunseap Energy. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 140 MegaWatt-peak (MWp) solar farm in India and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilising off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client is Apple, which recently signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources.

Media Contacts

Sunseap Group Pte Ltd

Sebastian Wang
Tel: +65 6816 1000

Email: corpcomms@sunseap.com

Catherine Ong Associates

Jaslin Tan

Tel: +65 6327 6086

Email: jaslin@catherineong.com

Ashley Silitonga

Tel: +65 6221 3321

Email: ashley@catherineong.com

The post Sunseap Group Announces Partnership with Pacific Green Energy Co., Ltd for Solar Project Development in Taiwan appeared first on Sunseap.

Singapore, 20 June 2019 – Sunseap, a leading Southeast Asian renewable energy firm, has secured a S$43 million green loan from United Overseas Bank Limited (UOB) to increase the use of solar power in Singapore.

The green loan will be used to fund the installation of a series of solar photovoltaic (PV) systems on the rooftops of 210 sites, ranging from commercial and industrial to government premises. Combined, the sites have a total solar capacity of 37 megawatt-peak, providing enough energy to power more than 9,600 four-room HDB flats for one year. The solar power generated will also help reduce greenhouse gas emissions by 17,000 tonnes per year.

Mr Lawrence Wu, President and Executive Director, Sunseap Group, said, “We are delighted to have received the support of a forward-thinking institution such as UOB, which is known for their strong support of Singapore enterprises. The loan demonstrates UOB’s confidence in the solar industry in general and Sunseap in particular.”

Mr Choo Kee Siong, Head of Industry Groups, Group Commercial Banking, UOB, said, “At UOB, we are committed to working with our clients to support the development of sustainable cities and communities. Our continued financing of Sunseap’s activities is another example of how we promote and contribute to the region’s transition to renewable energy sources. We will continue to focus on identifying more opportunities to help economies, industries and companies reduce their carbon footprint.”

One of the companies with which Sunseap has worked to install solar PV systems is Sakae Holdings, another UOB client. The 270 kilowatt-peak solar energy system at Sakae’s headquarters in Tai Seng has 1,400 solar panels and is able to generate up to one-third of the building’s energy needs.

Ms Lilian Foo, CEO and Executive Director of Sakae Holdings, said, “We are constantly exploring ways to minimise our impact on the environment and have over the years, been able to reduce our electricity usage and also move towards the use of more sustainable energy. Since we installed the solar energy system on our rooftop, we have not only been able to lower our carbon emissions but were also able to reduce our energy costs.”

The green loan has been issued in accordance with the Sunseap Green Finance Framework, which was established in 2018. Under its framework, Sunseap will tap various financing instruments to fund its projects and businesses with environmental benefits, specifically in the areas of renewable energy, energy efficiency and green roof systems. The loan is also in line with the Green Loan Principles issued in 2018 by the Loan Market Association and the Asia Pacific Loan Market Association.

About United Overseas Bank

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. UOB is rated among the world’s top banks: Aa1 by Moody’s and AA- by both Standard & Poor’s and Fitch Rating. In Asia, UOB operates through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and representative offices across the region.

Over more than eight decades, generations of UOB employees have carried through the entrepreneurial spirit, the focus on long-term value creation and an unwavering commitment to do what is right for our customers and our colleagues.

We believe in being a responsible financial services provider and we are committed to making a difference in the lives of our stakeholders and in the communities in which we operate. Just as we are dedicated to helping our customers manage their finances wisely and to grow their businesses, UOB is steadfast in our support of social development, particularly in the areas of art, children and education.

About Sunseap

Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through five key units: Sunseap Leasing, Sunseap International and Sunseap Energy, Sunseap Engineering and Sunseap Solutions. Sunseap Leasing is the first and largest solar leasing company in Singapore. Sunseap International targets markets in the South East Asian and Pacific regions. These include a 168 MWp solar farm in Vietnam, a 140 MegaWatt-peak (MWp) solar farm in India, and a 10 MWp solar farm in Cambodia. Sunseap Energy provides clean energy solutions utilizing off-site arrangements by drawing on solar systems within the Group’s portfolio of distributed generation assets. A notable client of Sunseap Energy is Apple, which signed an agreement with Sunseap to procure 100% of its local energy requirements from renewable sources. Sunseap Engineering provides engineering, procurement and construction as well as operation and maintenance services for PV projects. Sunseap Solutions focuses on energy efficiency solutions by providing services such as energy audits, lighting retrofitting and green roof systems.

The post Sunseap secures green loan from UOB to generate solar power at 210 sites across Singapore appeared first on Sunseap.