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With 91% stake in Sunseap, EDPR to establish APAC HQ in Singapore with $10 bil investment

Jovi Ho
Jovi Ho2/24/2022 10:08 AM GMT+08  • 4 min read
With 91% stake in Sunseap, EDPR to establish APAC HQ in Singapore with $10 bil investment
Following the close of its $1.1 billion deal with Sunseap, EDPR now plans to invest up to $10 billion into Sunseap by 2030.
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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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