Shell and Sunseap will partner on solar projects in the Asia Pacific region. Image credit: Sunseap.
Oil major Shell has invested in Singapore-based solar developer Sunseap.
Shell Technology Ventures’ funding means Sunseap and Shell will now collaborate on solar projects throughout the Asia Pacific region.
“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,” said Marc van Gerven, VP of solar at Shell New Energies. “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,” he added.
Frank Phuan, Sunseap’s director added: “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,” claimed Phuan.
In May, Sunseap secured US$10.7 million for commercial solar projects in Singapore.
Shell Technology Ventures and the Omani sovereign wealth fund previously invested US$53 million in solar tech firm Glasspoint.
May 26 - May 27, 2021
Looking at the drivers and dynamics of utility scale solar in the UK & Ireland over the next five years. This event will consider the immediate challenges as we enter the build phase in both these markets where we could see as much as 4GW deployed in 2021 alone! What developments will continue the growth of 100MW+ sites and what impact will government policy have on the rate of deployment in both markets?Join leading developers and manufacturers shaping the direction of one of Europe’s most active markets and hear from speakers with a history of influencing innovation and change.