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(Shanghai, February 21, 2024) Recently, Singapore Power Group (SP Group), a leading energy utility group and low-carbon new energy investment developer in the Asia-Pacific region, announced the acquisition of 75MW of rooftop photovoltaic assets from Pufeng Xunlian Investment (Shanghai) Co., Ltd., further accelerating the group's renewable energy strategic deployment in China.
This batch of rooftop photovoltaic assets are located in 15 factory sites in Anhui, Guizhou, Hebei, Heilongjiang, Henan, Hubei and Shanxi. The project equity transfer has been completed and they will continue to provide green electricity to corporate customers covering automotive parts, battery manufacturing, food and beverages, and metal processing.
The 75MW distributed photovoltaic project acquired this time is expected to provide China with more than 75 million kWh of clean electricity each year, while also reducing carbon emissions by more than 44,000 tons. This investment initiative echoes the vision of Singapore Power Group to help achieve decarbonization goals. With cost-cutting and efficiency-enhancing technical solutions and innovative business models, Singapore Power actively empowers industrial sustainable development and helps energy-intensive companies achieve substantial energy conservation and emission reductions.

Zhong Zhiming, President of Singapore Power Group China, said: "Singapore Power Group is committed to promoting the growth of renewable energy and the transition to clean energy. This acquisition not only further expands the group's business footprint in China, but also sends a firm signal to the market: we will rely on a full range of integrated sustainable energy solutions and advanced operational management capabilities to continuously optimize the energy efficiency performance of new energy assets and support industrial and commercial customers to embrace green industry upgrades while creating economic benefits."
Singapore Power Group is headquartered in Singapore and is the national grid and gas company of Singapore. In addition, the group has steadily expanded the scale of sustainable energy business development and provided diversified green and low-carbon energy solutions to customers in the Asia-Pacific region. As of now, Singapore Power Group's business layout in China has spread to 18 provinces and municipalities, locking in a total of 1.3GW of photovoltaic power generation projects.