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Singapore's Boustead Projects, Sunseap announce solar power partnership

Rooftop solar panels. Author: h080. License: Creative Commons. Attribution-ShareAlike 2.0 Generic

February 20 (Renewables Now) - Singapore-based real estate solutions company Boustead Projects Ltd (SGX:AVM) and local clean energy provider Sunseap Group Pte Ltd on Thursday announced a collaboration on rooftop solar installations and energy provision.

Sunseap, through its subsidiary Sunseap Leasing Pte Ltd, will be Boustead's exclusive solar power partner under a contract with its subsidiary Boustead Funds Management Pte Ltd.

As part of the partnership, Sunseap will potentially install rooftop solar systems at Boustead Projects leasehold properties and managed real estate projects. In addition, Sunseap will be able to provide clean energy solutions and energy to its partner's clients and tenants.

"We are pleased to partner with Sunseap to together spearhead the ongoing clean energy and green building revolution to help Singapore and other countries in South East Asia and the Asia Pacific to meet their commitments to emissions reduction targets set under the Paris Agreement," Boustead Projects' managing director, Thomas Chu, commented.

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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