EDP Renewables (EDPR) has completed an agreement with Singapore solar energy company Sunseap to establish its Asia Pacific headquarters in Singapore.
The company announced last November that it had acquired a 91% stake in Sunseap, the largest distributed solar player and fourth largest solar player in Southeast Asia.
Following the close of its $1.1 billion deal with Sunseap on Feb 24, EDPR now plans to invest up to $10 billion into Sunseap by 2030 to create an industry-leading clean energy hub for the region out of Singapore.
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