Acquisition of rooftop PV assets in Shanghai, China

The rooftop solar panels at the Hefei Wahaha Group are one of the 50 industrial sites that are part of the first phrase of the solar assets acquisition

SP has acquired 150 Megawatts-peak (MWp) of rooftop photovoltaic assets from Shanghai Unisun New Energy Co. Ltd. This will provide China with more than 150 Gigawatt-hours (GWh) of clean electricity annually, helping the country to avoid more than 88,000 tonnes of carbon emissions.  

The transaction for the first 80 MWp of distributed solar projects across 50 sites has been completed, for a total equity consideration of approximately S$34 million (RMB 170 million). The remaining 70MWp is slated for completion by mid 2023.

— 9 April 2023