EDPR will base its Asia-Pacific business in Singapore
EDPR plans $7.4bn Singapore clean energy hub
Spain-headquartered renewables group to use Sunseap acquisition as springboard for Asia-Pacific expansion
Renewable energy firm EDP Renewables (EDPR) plans to invest SGD10bn ($7.4bn) by 2030 in the creation of a clean energy hub in Singapore after securing a foothold in the Asia-Pacific region through the acquisition of solar company Sunseap. EDPR, which says it is the world’s fourth-largest renewable power producer, closed a SGD1.1bn deal to buy 91pc of Singapore-based Sunseap, one of southeast Asia’s leading solar companies. EDPR’s Asia-Pacific headquarters will be in Singapore. “The Asia-Pacific region is a strategic market for us… with both high demand and growth potential in the renewable energy sector,” says Pedro Vasconcelos, COO for Asia-Pacific at EDPR. “Sunseap will undoubtedly become
Also in this section
18 February 2025
Demand for CCS to abate new gas-fired plants is rising as datacentres seek low-carbon power, Frederik Majkut, SVP of industrial decarbonisation, tells Carbon Economist
11 February 2025
Rising prices have added to concerns over CBAM impact on the competitiveness of EU manufacturing
7 February 2025
Norwegian energy company slashes spending on low-carbon sectors as transition decelerates
30 January 2025
The UAE’s oil and gas company puts its faith in technologies including CCS and AI to deliver its emission-reduction goals
