December 12 (Renewables Now) - Singapore-based clean energy provider Sunseap Group Pte Ltd has inked a pact with China’s Jiangsu Linyang Energy Co (SHA:601222) to collaborate on renewable energy and energy efficiency management projects in Singapore.
Under a non-binding memorandum of understanding (MOU), the two parties will explore potential partnerships on the solar market, both as suppliers of photovoltaic (PV) panels and co-investors, Sunseap said on Monday. In a separate filing, Chinese smart electric metres producer Jiangsu Linyang said energy efficiency management solutions and energy trading projects in Singapore will also be among the goals of the collaboration.
According to the Chinese firm, Sunseap and Jiangsu Linyang plan to invest in distributed solar projects in Singapore with the goal to install 100 MW of PV capacity by end-2018 and 500 MW by the end of 2020. In addition, Linyang Energy will provide its N-style bifacial PV panels for at least 300 MW of projects by 2020.
Also as part of the partnership, Sunseap and Jiangsu Linyang will build energy efficiency equipment and systems for big data collection and analysis and also take part in electricity trading initiatives, energy efficiency management and microgrids, among others.