April 28, 2021
Shikoku Electric Power Company, Incorporated
Shikoku Electric Power Invests in Clean Energy Solutions Provider
Sunseap Group to Bring New Value to Customers
TAKAMATSU CITY, JAPAN, April 28, 2021 - Shikoku Electric Power Company, Incorporated
(TSE: 9507, "Yonden") today announced the closing of investment in Sunseap Group Pte. Ltd.
("Sunseap"), a clean energy solutions provider based in Singapore, which develops, owns and
operates the solar system in distributed energy networks and mega scale solar projects in East Asia
region.
Sunseap provides engineering, procurement and construction as well as operation and maintenance
services for solar projects at a competitive level in Asia Pacific region. Sunseap is a leader in this
solar market which holds approximately 220 MW of distributed energy. Sunseap continues to
expand its business realm from solar business to energy trading and energy savings. Since many
Asian countries are eager to de-carbonize, the distribution energy market is expected to grow.
Through this investment, Yonden will develop expertise in the distribution energy business, working
closely with Sunseap and co-investor Sumitomo Corporation (Tokyo, Japan) and Sumitomo Mitsui
Finance and Leasing Company, Limited (Tokyo, Japan) to expand new businesses in Japan.
As the environment surrounding the electric power industry witnesses intensifying competition,
Yonden continues to actively create and develop new growth engines through, among other activities,
investing in promising startup companies that can achieve synergy with our businesses.
◆だいやまーく Sunseap Group Pte. Ltd
Establishment 2011
CEO Frank Phuan
Headquater Singapore
Capital SGD 334Million
Number of Employees 241 (as of 12/31/2020)