Chinese clean energy firm Linyang Energy has signed an MoU with Singapore-based solar developer Sunseap to work on distributed solar, floating solar, module supply and energy efficiency projects locally in Singapore.
Together the firms aim to install 100MW of distributed solar PV by the end of next year and 500MW by 2021. They will also collaborate on efficiency management using LEDs and green energy trading projects in Singapore as well as providing decentralised energy in industrial parks, according to a Linyang release.
The MoU covers six areas requiring US$500 million investment by 2020.
Linyang energy’s wholly-owned Singaporean subsidiary signed the with Sunseap Group in Singapore last week.
Renewable energy power purchase agreements (PPA) driven by corporate solar are set to take a significant chunk of the market in Southeast Asia over the next few years, according to panellists at the Solar and Off-Grid Renewables Southeast Asia (SORSEA) conference in Bangkok last month.
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