Sunseap to partner China's Jiangsu Linyang to develop renewable energy solutions


December 12, 2017

Sunseap Group Pte Ltd, Southeast Asia's leading sustainable energy provider, announced today that it is partnering China's Jiangsu Linyang Energy Co Ltd to develop renewable energy and energy efficiency management solutions.

The two companies signed a non-binding Memorandum of Understanding on 8th December to explore collaborations on solar photovoltaic projects both as potential supplier of solar panels as well as potential co-investor. They also propose to work jointly on projects to enhance energy efficiency and virtual power stations, and to adopt leading solar panel technology through the supply of Jiangsu Linyang's N type bifacial solar panels which are highly efficient and easy to install.

Jiangsu Linyang Energy, founded in 1995, is a listed company that is a well-known supplier of smart electronic energy meters and electricity management information systems in China. It has more than 100 subsidiaries and offers a range of smart, energy-saving and green products and solutions. They include smart meters, advanced metering infrastructure systems, LEDs, intelligent lighting systems, energy efficiency management platforms, distributed photovoltaic power station system and micro-grid systems.

Sunseap is the biggest renewable energy player in Singapore with approximately 80% of the local market share. It has over three decades of experience in developing clean energy solutions.

Mr Frank Phuan, Co-Founder and Director, Sunseap Group, said: "Sunseap is excited to be partnering Jiangsu Linyang Energy, one of China's most established smart renewable energy solutions providers.

"We see much potential in leveraging our networks and domain expertise to deliver innovative clean energy solutions in a reliable and cost-effective manner to grow in the renewable energy market in Asia."

Mr Jue Cheng, Chief Executive Officer, Singapore Linyang Energy Technology Pte Ltd, said: "Sunseap is Singapore's leading clean energy solutions provider and we are delighted to be partnering them to tap the growing interest in the region for a more sustainable way to power homes, offices, factories and communal places.

"The partnership will combine the strengths of both companies to offer optimum clean energy solutions to our customers."

Sunseap developed the majority of grid-connected photovoltaic power plants in Singapore. Its expertise lies in providing one-stop, integrated and holistic solutions that include project financing, design, installation and maintenance services. It is focused on developing solar energy solutions that use technology focusing on demand-side management to ensure smarter and more efficient energy usage. Sunseap is also exploring the use of smart control systems and batteries under the Energy Market Authority's OptiWatt programme.

Some of Sunseap's clients include Apple, Housing Development Board, Singapore American School, Singapore Cruise Centre, Jurong Port, ABB and Panasonic. Outside of Singapore, it has a pipeline of projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia.

-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.

About Jiangsu Linyang Energy Co Ltd
Jiangsu Linyang Energy Co Ltd. was founded in 1995 and is one of the famous domestic suppliers of Smart Electronic Energy Meter and Electricity management information systems (including terminal products and system solution). After 20 years, the company has gone through crucible transformation and growth and is a listed and collective operating enterprise that owns more than 100 subsidiary corporations. The company focuses on providing energy products and solutions which are smart, energy-saving and renewable. These include smart meters, advanced metering infrastructure systems, LED, intelligent lighting systems, energy efficiency management platforms, energy-saving services, photovoltaic modules, distributed photovoltaic power station systems, distributed power station operating platforms, micro-grid systems etc.

Media Contacts
Sunseap Group Pte Ltd

Sebastian Wang
Tel: +65 6602 8086