Sunseap Group inks three solar power deals with Fuisland Offset Printing

April 26, 2019

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