Portfolio Company

Sunseap

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Approximately two-thirds of global greenhouse gas emissions are linked to burning of fossil fuels. Through Sunseap’s array of clean energy solutions, they provide increased access to affordable, clean energy, contributing to a significant reduction in greenhouse gas emissions, and aiding the decarbonisation challenge in the region.

Rising GHG emissions continues to be a global concern

Approximately two-thirds of global greenhouse gas emissions are linked to burning fossil fuels for producing energy used by the heating, electricity and transport sectors. Since the early 2000s, Asia-Pacific has become the dominant source of CO2 emissions globally, representing 25% of all global CO2 emissions, produced across all sectors. Without action towards reducing emissions, the impending climate emergency will result in irreversible consequences for societies and the environment.

Decarbonising South-East Asia

We invested in Singapore-headquartered Sunseap for its ability to address the decarbonisation challenge by aiding the transition from emissions-intensive energy sources to renewable energy for South-East Asia region. Sunseap provides increased access to affordable, clean energy, contributing to a significant reduction in greenhouse gas emissions.

We exited our investment from Sunseap by selling our stake to leading global renewables energy producer EDP Renewables (“EDPR”) in November 2021.