SP Group, a leading energy utility group and low-carbon new energy investor and developer in the Asia-Pacific region, today announced the acquisition of 75 MW of rooftop PV assets from Maple Xunlian Investment (Shanghai)**, further accelerating the group's strategic deployment of renewable energy in China.
The rooftop PV assets are located in 15 factories in Anhui, Guizhou, Hebei, Heilongjiang, Henan, Hubei and Shanxi, and have all completed the project share transfer and will continue to provide green power to corporate customers covering auto parts, battery manufacturing, food and beverage, and metal processing.
The acquisition of 75 MW of distributed PV projects is expected to provide China with more than 75 million kWh of clean electricity per year, while reducing carbon emissions by more than 4.%.40,000 tonnes, the investment is in line with SP Group's vision to support its decarbonisation goals. With cost-reducing and efficiency-enhancing technology solutions and innovative business models, SP Group is actively empowering sustainable industrial development and helping energy-intensive enterprises achieve significant energy savings and emission reductions.
Singapore Power Group's newly acquired Anhui Yongmaotai Auto Parts *** rooftop photovoltaic project.
SP China's Chief Executive Officer, Chung Chee Meng, said SP is committed to promoting renewable energy growth and clean energy transition. The acquisition not only expands the Group's presence in China, but also sends a firm signal to the market. "We will rely on a full range of integrated sustainable energy solutions and advanced operation and management capabilities to continuously optimize the energy efficiency performance of new energy assets, and support industrial and commercial customers to embrace green industrial upgrading while creating economic benefits. ”
Headquartered in Singapore, Singapore Power Group is the National Grid and Gas Company of Singapore. The Group has steadily expanded the scale of sustainable energy business development and provided diversified green and low-carbon energy solutions to customers in the Asia-Pacific region. Up to now, SPG's business layout in China has radiated to 18 provinces and municipalities directly under the central government, and a total of 13 GW.
Link. About SP Group
SP Group is a Singaporean state-owned enterprise wholly owned by Temasek, a Singapore** investment company, and is a leading energy utility group and low-carbon new energy investor and service provider in the Asia-Pacific region, with more than 50 years of experience in energy services and operating one of the world's most reliable energy networks. The Group invests, builds and operates local energy businesses in Singapore, Australia, China, Vietnam, Thailand and other places, providing a series of green and sustainable energy solutions that save energy and reduce emissions, including investment and development of solar photovoltaic projects, regional energy-saving transformation, commercial and urban residential district cooling and heating, electric vehicle charging network construction and digital energy management system construction.
In China, the Group will join hands with Chinese cities and enterprises to create a smart and low-carbon future. The Group contributes to China's green and clean energy transformation by building smart and efficient energy solutions and promoting a renewable energy ecosystem. Currently, the Group has three offices in China (Chongqing, Chengdu and Guangzhou) and its Chinese headquarters is located in Shanghai.
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