Sunseap provides sustainable energy from roof panels to affordable floating photovoltaic systems.
The offshore floating photovoltaic system is located north of the Woodlands waterfront park.
The game is a lot of capital Sunseap was founded by close friends Frank Phuan and Lawrence Wu in 2011 in Singapore with the aim of providing sustainable and affordable energy. The company’s portfolio includes overhead roof installation and marine floating photovoltaic systems. Sunseap Group includes subsidiaries such as Sunseap Lending, Sunseap Energy, Sunseap International, Sunseap Engineering, Sunseap Energy Ventures, Sunseap Solutions and SolarPVExchange. On August 6, 2015, this startup attracted S $ 77 million in the B series of capital calls to accelerate the application of solar energy as an alternative energy source in Singapore. On May 2, 2017, Singapore’s C $ 5 million capital contribution round by ISOTeam helped promote expansion plans in Malaysia, India, Vietnam, Thailand and the Philippines. Also in May 2017, the company received S $ 15 million from United Overseas Bank (UOB) to develop commercial solar projects in Singapore. Specifically, the 9.5MWp solar power system at Jurong port and 2,4MWp at Panasonic. UOB’s Eric Tham said: “We are very happy to sponsor solar initiatives to reduce carbon emissions.” On September 20, 2017, Sunseap received an investment of S $ 75 million from Banpu Public Company, then, in April 4, 2019, a Singapore $ 50 million loan from the Dutch banking group – ING to construction of 50 MW roof solar power projects in Asia.