Sunseap Group launches new subsidiary Sunseap Solutions
August 17, 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 (www.optigreen.com) 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.
Sunseap Group, which is already using 100% clean energy for its offices via its flagship GoEco Plan is looking at ways to further improve its energy efficiency. Sunseap Solutions recently conducted an energy audit for Sunseap Group to explore ways to reduce the company's energy consumption. The first phase will include the replacement of the office's existing fluorescent tube lamps to LED tube lamps. The simple initiative would lower the total lighting energy consumption by over 50%. The service and maintenance of the lighting system will be covered by Sunseap Solutions during the tenure of the contract. The assets will be transferred to the client after the contract.
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.