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ST Kinetics secures 25-year solar power supply in Sunseap deal

Singapore Business Review/25 August 2017

The power systems will generate 6.2 GW of solar energy per year.

Solar energy firm Sunseap announced that it has sealed the deal with ST Engineering land systems arm ST Kinetics for a 25-year solar power purchase agreement.

According to a press release, Sunseap will provide solar energy to five ST Kinetics locations via solar panels.

Sunseap expects its 5 MWp solar PV system to be ready by October.

Once completed, it can generate up to 6.2 GW of solar energy per year. Consequently, this will help ST Kinetics reduce its carbon footprint by about 2,633 tons annually, the equivalent of planting 67,523 trees over 10 years.

Sunseap founder and director Lawrence Wu said, “It’s heartening to see leading companies like ST Kinetics making a long-term commitment towards renewable energy solutions. We hope their sustainability efforts will help send the message that going green is not a choice but a necessary condition for successful business.”

In the past, Sunseap has provided energy solutions for firms like Apple, Housing Development Board, and Panasonic.

 

News Source: Singapore Business Review

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