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Sunseap inks 25-year deal to supply solar power to ST Kinetics

SINGAPORE – Homegrown sustainable energy provider Sunseap Group said on Friday (Aug 25) it will supply solar power to ST Kinetics, the land systems and speciality vehicles arm of defence contractor ST Engineering, under a 25-year agreement.

Homegrown sustainable energy provider Sunseap Group said on Friday (Aug 25) it will supply solar power to ST Kinetics. Photo: Sunseap

Homegrown sustainable energy provider Sunseap Group said on Friday (Aug 25) it will supply solar power to ST Kinetics. Photo: Sunseap

SINGAPORE – Homegrown sustainable energy provider Sunseap Group said on Friday (Aug 25) it will supply solar power to ST Kinetics, the land systems and speciality vehicles arm of defence contractor ST Engineering, under a 25-year agreement.

Under the deal, Sunseap will provide solar energy to ST Kinetics’ premises at five locations through solar panels installed on rooftops. Sunseap, the first and largest solar leasing company in Singapore, did not disclose the financial details of the deal.

Sunseap’s five megawatt-peak solar photovoltaic system for ST Kinetics is expected to be ready by October. Once completed, it will be able to generate up to 6.2 Gigawatts of solar energy per year and help ST Kinetics reduce its carbon footprint by about 2,633 tons annually. This is the equivalent of planting 67,523 trees over 10 years, Sunseap said.

Mr Lawrence Wu, co-founder and director of Sunseap, said: “It is 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.”

“Sunseap stands ready to support all companies in their drive to be environmentally friendly, and we are confident that we can offer customised solutions that are best suited to the needs of different businesses,” he added. Other major clients of Sunseap include Apple, the Housing and Development Board, Singapore American School, Singapore Cruise Centre, Jurong Port, ABB and Panasonic.

Singapore has stepped up efforts to encourage businesses to reduce greenhouse emissions and consider clean energy options. The Government announced in Budget 2017 that a carbon tax targeting large direct emitters of greenhouse gases will be implemented in 2019.

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