Sunseap Group is the leading solar energy system developer, owner and operator in Singapore. It operates through five key units: Sunseap Leasing, Sunseap International, Sunseap Energy, Sunseap Engineering and Sunseap Solutions.
The company announced last November it had acquired a 91% stake in Sunseap, the largest distributed solar player and top 4 solar player in Southeast Asia. Following the closing of its S$1.1 billion* deal with Sunseap today, EDPR has stated it plans to deploy up to S$10 billion* by 2030, establishing a leading clean energy hub based in Singapore, for the APAC region.
Sunseap is an acquired company based in Singapore (Singapore), founded in 2011 by Frank Phuan and Jiemin Wu. It operates as a Solar rooftop installation. Sunseap has raised $239M in funding from investors like Banpu NEXT, Goldman Sachs and Temasek. The company has 5 active competitors, including 2 funded and 2 that have exited. Its top competitor s are Sembcorp Industries, AMPYR and August Energy.
In 2022, EDP Renewables acquired Sunseap — a recognised champion in renewable energy with a leading solar portfolio — and created EDP Renewables APAC, a key platform to accelerate sustainable growth across Asia-Pacific. EDP Renewables APAC has a pan-regional presence with more than 1.4 GWp of installed renewables capacity as of FY2025. With headquarters in Singapore, we are advancing ...
Sunseap Energy Pte Ltd made waves when it announced in November ’15 that it will be providing tech giant – Apple’s operations in Singapore with 100% clean electricity, a first in South East Asia. Sunseap’s second business unit, Sunseap International is responsible for the group’s activities beyond Singapore.