Reuters Staff - Shell invests in Singapore solar firm Sunseap; eyes solar projects
Petroleumworld 08 02 2017
Royal Dutch Shell has invested in Singapore-based solar firm Sunseap Group for an undisclosed sum as part of a planned collaboration on solar projects in the Asia-Pacific region, the companies said on Tuesday.
Shell declined to reveal the amount invested by Shell Technology Ventures, the company's corporate venturing arm.
Privately held Sunseap Group has about 160 megawatts of distributed solar contracts in Singapore, holds an electricity retailer license and has secured utility scale solar projects in the region, the two companies said.
Sunseap said in May that it aimed to expand in Singapore and the region, and scale up its operations following the implementation of several solar energy projects in Singapore, Malaysia, India, Vietnam, Thailand and the Philippines.
It said then that it aimed to raise S$75 million ($55 million) for its expansion plans. ($1 = 1.3554 Singapore dollars)
Reporting by Jessica Jaganathan; Editing by Richard Pullin from Thomson Reuters.
07 31 2017
We invite all our readers to share with us
their views and comments about this article.
Write to firstname.lastname@example.org
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: email@example.com
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels