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EDP Renewables APAC

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Namestring
EDP Renewables APAC
Legal namestring
EDP Renewables APAC Pte. Ltd.
Websiteurl
edp.com
Company typeenum
Private
Founded yearint
2010
Descriptiontext

EDP Renewables APAC Pte. Ltd. is a Singapore-headquartered renewable energy operator that develops, owns, and supplies solar and wind generation assets across the Asia-Pacific region, with corporate operations in Singapore and South Korea. The entity was originally founded in 2010 as Sunseap Group, a Singapore solar specialist, before EDPR (EDP Renováveis) acquired a 91% controlling stake in February 2022, rebranding the business to EDP Renewables APAC and integrating it into EDP Group's global renewables platform operating across 17 regions. Its core products comprise utility-scale and rooftop solar photovoltaic generation, onshore wind energy projects (notably in South Korea until their October 2025 divestiture), Renewable Energy Certificates (RECs) supplied into Singapore's regulated REC market, and cross-border energy import frameworks designed to circumvent Singapore's domestic land constraints by sourcing power from ASEAN partners. Revenue mechanics derive from long-dated power generation sales, corporate REC procurement contracts with ESG-mandated buyers such as data centers, financial institutions, and multinational corporations, and capital deployment funded primarily through share allocations from parent EDPR, with $61.6 million injected across two rounds in 2025 alone. The company serves a horizontal B2B customer base concentrated in Singapore's corporate sustainability buyer pool and operates within the broader strategic framework of EDP Group, which has committed €12 billion of investment through 2028 to renewables expansion globally.

Short descriptiontext

EDP Renewables APAC is a Singapore-based subsidiary of EDPR that operates solar and wind generation assets across Asia-Pacific and supplies Renewable Energy Certificates to corporate ESG buyers, especially data centers, financial institutions, and multinational corporations in Singapore.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersSingapore, Singapore
HQ citystring
Singapore
HQ countrystring
Singapore
HQ regionstring
Asia
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
solar energy generation, wind energy projects, renewable energy certificates, corporate renewable solutions, cross-border energy imports
Industry3 codes
1Utility-Scale PV EPC (Engineering, Procurement & Construction)
CodeEUACAGABPrimaryYes
2Wind Power Plant EPC (Onshore/Offshore)
CodeEUAEAAAFPrimaryNo
3Solar PV Power Plant EPC (Utility-Scale)
CodeEUAEAAAGPrimaryNo
NAICS code2 codes
  • Solar Electric Power Generation221114
  • Electric Power Generation22111
SIC code2 codes
  • Electric Services4911
  • Electric, Gas & Sanitary Services4900
Product category
Renewable Energy Generation
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Cost components4 values
Infrastructure, Operations, Supply Chain, Personnel
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

EDP Renewables APAC is a Singapore-based renewable energy company that develops, owns and operates solar photovoltaic and wind energy generation projects across the Asia-Pacific region. It supplies renewable energy and Renewable Energy Certificates (RECs) to corporate customers pursuing ESG and decarbonization commitments, and operates cross-border renewable energy import frameworks to address Singapore's limited domestic renewable capacity.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

EDP Renewables APAC operates as a platform offering renewable energy generation assets and sustainability solutions across the Asia-Pacific region. Formerly known as Sunseap, the company functions as a key Renewable Energy Certificate (REC) provider in Singapore and operates solar and wind project portfolios in South Korea and other markets. The portfolio was reduced from 303 MW (wind and solar combined) following the sale of South Korean assets to Gurin Energy in October 2025. The company provides corporate customers with renewable energy solutions including RECs for ESG compliance, solar installations, and cross-border energy import frameworks supporting Singapore's decarbonization commitments.

Product and service4 records
1Solar Energy
CategoryRenewable Energy
Description

Solar photovoltaic energy generation projects across the Asia-Pacific region, including rooftop and ground-mounted solar installations, providing renewable electricity supply.

2Wind Energy
CategoryRenewable Energy
Description

Onshore wind energy projects in South Korea and other APAC markets, contributing to the company's renewable energy portfolio with combined generation capacity.

3Renewable Energy Certificates (RECs)
CategoryRenewable Energy Certificates
Description

Tradeable certificates representing renewable energy generation, enabling corporate ESG compliance and decarbonization commitments in Singapore's REC market.

4Cross-Border Energy Imports
CategoryEnergy Solutions
Description

Framework enabling renewable energy imports from ASEAN countries to address Singapore's land constraints and limited domestic renewable capacity.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Singapore-based independent power producer focused exclusively on renewable energy development across Asia-Pacific. Highly comparable as a direct competitor in APAC utility-scale solar, wind, and storage project development serving corporate and utility off-takers.

TypeBroad incumbent
Description

Global energy major with APAC renewable energy operations including solar, wind, and battery storage. Comparable as a global incumbent with cross-border capital backing competing for APAC utility-scale renewable projects and corporate PPA opportunities.

TypeBroad incumbent
Description

Singapore-listed energy and urban solutions conglomerate with significant renewables portfolio. Comparable as a domestic Singapore-based energy player with renewable energy generation, sustainability solutions, and cross-border energy capabilities, though it operates as a broader diversified utility.

TypeDirect peer
Description

One of the largest renewable energy independent power producers in Asia-Pacific with operations across multiple APAC markets. Comparable as a direct competitor in APAC utility-scale wind and solar project development and renewable energy generation.

TypeDirect peer
Description

Asia-Pacific focused solar PV developer with strong Singapore presence. Comparable as a competitor in the corporate C&I solar and REC market, particularly serving data center and multinational corporate customers in Singapore and Southeast Asia.

TypeDirect peer
Description

Singapore-headquartered renewable energy developer focused on Asia-Pacific markets. Direct peer because it just acquired EDP Renewables APAC's 303 MW South Korea portfolio in October 2025 and competes head-to-head in APAC renewable project development.

TypeBroad incumbent
Description

European-headquartered global renewable energy major with APAC operations. Comparable as a global incumbent expanding into APAC markets for utility-scale solar and wind development, competing for corporate PPA and utility off-take contracts.

TypeRegional player
Description

Indonesia-focused solar energy developer with regional Southeast Asia presence. Comparable as a regional renewable energy developer in Southeast Asia pursuing utility-scale and commercial solar projects in adjacent geographies.

TypeBroad incumbent
Description

Global renewable energy owner and developer with investments across Asia-Pacific. Comparable as a deep-capital incumbent operating utility-scale renewable generation assets in APAC, with comparable project finance and PPA structuring capabilities.

TypeBroad incumbent
Description

Global integrated energy major with growing APAC renewables portfolio including utility-scale solar. Comparable as a deep-pocketed incumbent competing for renewable energy projects in Singapore and broader Southeast Asia.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds11 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors16 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

EDP Renewables APAC

Renewable Energy Generationedp.com

EDP Renewables APAC is a Singapore-based subsidiary of EDPR that operates solar and wind generation assets across Asia-Pacific and supplies Renewable Energy Certificates to corporate ESG buyers, especially data centers, financial institutions, and multinational corporations in Singapore.

What EDP Renewables APAC does

EDP Renewables APAC Pte. Ltd. is a Singapore-headquartered renewable energy operator that develops, owns, and supplies solar and wind generation assets across the Asia-Pacific region, with corporate operations in Singapore and South Korea. The entity was originally founded in 2010 as Sunseap Group, a Singapore solar specialist, before EDPR (EDP Renováveis) acquired a 91% controlling stake in February 2022, rebranding the business to EDP Renewables APAC and integrating it into EDP Group's global renewables platform operating across 17 regions. Its core products comprise utility-scale and rooftop solar photovoltaic generation, onshore wind energy projects (notably in South Korea until their October 2025 divestiture), Renewable Energy Certificates (RECs) supplied into Singapore's regulated REC market, and cross-border energy import frameworks designed to circumvent Singapore's domestic land constraints by sourcing power from ASEAN partners. Revenue mechanics derive from long-dated power generation sales, corporate REC procurement contracts with ESG-mandated buyers such as data centers, financial institutions, and multinational corporations, and capital deployment funded primarily through share allocations from parent EDPR, with $61.6 million injected across two rounds in 2025 alone. The company serves a horizontal B2B customer base concentrated in Singapore's corporate sustainability buyer pool and operates within the broader strategic framework of EDP Group, which has committed €12 billion of investment through 2028 to renewables expansion globally.

EDP Renewables APAC firmographics

Firmographics
Name
EDP Renewables APAC
Legal name
EDP Renewables APAC Pte. Ltd.
Website
https://edp.com
Company type
Private
Founded year
2010
Operating status
Operating
Headcount range
251–500 employees
Short description
EDP Renewables APAC is a Singapore-based subsidiary of EDPR that operates solar and wind generation assets across Asia-Pacific and supplies Renewable Energy Certificates to corporate ESG buyers, especially data centers, financial institutions, and multinational corporations in Singapore.
Ownership category
akta.pro rank

EDP Renewables APAC industry classification

Industry
Product category
Renewable Energy Generation
NAICS
Solar Electric Power Generation (221114), Electric Power Generation (22111)
SIC
Electric Services (4911), Electric, Gas & Sanitary Services (4900)
akta.pro primary industry
Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)
akta.pro secondary industries
Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

Keywords

  • Solar energy generation
  • Wind energy projects
  • Renewable energy certificates
  • Corporate renewable solutions
  • Cross-border energy imports

Where EDP Renewables APAC is headquartered

Location

Headquarters

HQ city
Singapore
HQ country
Singapore
HQ region
Asia

Offices2 records

Markets served

EDP Renewables APAC business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Infrastructure, Operations, Supply Chain, Personnel

Marketing channels1 record

EDP Renewables APAC product offering

Product offering

Core offering

EDP Renewables APAC is a Singapore-based renewable energy company that develops, owns and operates solar photovoltaic and wind energy generation projects across the Asia-Pacific region. It supplies renewable energy and Renewable Energy Certificates (RECs) to corporate customers pursuing ESG and decarbonization commitments, and operates cross-border renewable energy import frameworks to address Singapore's limited domestic renewable capacity.

Product overview

EDP Renewables APAC operates as a platform offering renewable energy generation assets and sustainability solutions across the Asia-Pacific region. Formerly known as Sunseap, the company functions as a key Renewable Energy Certificate (REC) provider in Singapore and operates solar and wind project portfolios in South Korea and other markets. The portfolio was reduced from 303 MW (wind and solar combined) following the sale of South Korean assets to Gurin Energy in October 2025. The company provides corporate customers with renewable energy solutions including RECs for ESG compliance, solar installations, and cross-border energy import frameworks supporting Singapore's decarbonization commitments.

Differentiator

Problem solved

Functional benefit

Products and services

  • Solar Energy Solar photovoltaic energy generation projects across the Asia-Pacific region, including rooftop and ground-mounted solar installations, providing renewable electricity supply.
  • Wind Energy Onshore wind energy projects in South Korea and other APAC markets, contributing to the company's renewable energy portfolio with combined generation capacity.
  • Renewable Energy Certificates (RECs) Tradeable certificates representing renewable energy generation, enabling corporate ESG compliance and decarbonization commitments in Singapore's REC market.
  • Cross-Border Energy Imports Framework enabling renewable energy imports from ASEAN countries to address Singapore's land constraints and limited domestic renewable capacity.

Companies that use EDP Renewables APAC

Customer profile

Segments1 record

Ideal customer profiles1 record

EDP Renewables APAC technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

EDP Renewables APAC partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

EDP Renewables APAC competitors and assessment

Company assessment

Direct peers

  • Vena Energy: Singapore-based independent power producer focused exclusively on renewable energy development across Asia-Pacific. Highly comparable as a direct competitor in APAC utility-scale solar, wind, and storage project development serving corporate and utility off-takers.
  • Equis Energy: One of the largest renewable energy independent power producers in Asia-Pacific with operations across multiple APAC markets. Comparable as a direct competitor in APAC utility-scale wind and solar project development and renewable energy generation.
  • Cleantech Solar: Asia-Pacific focused solar PV developer with strong Singapore presence. Comparable as a competitor in the corporate C&I solar and REC market, particularly serving data center and multinational corporate customers in Singapore and Southeast Asia.
  • Gurin Energy: Singapore-headquartered renewable energy developer focused on Asia-Pacific markets. Direct peer because it just acquired EDP Renewables APAC's 303 MW South Korea portfolio in October 2025 and competes head-to-head in APAC renewable project development.

Broad incumbents

  • Engie (Asia-Pacific): Global energy major with APAC renewable energy operations including solar, wind, and battery storage. Comparable as a global incumbent with cross-border capital backing competing for APAC utility-scale renewable projects and corporate PPA opportunities.
  • Sembcorp Industries: Singapore-listed energy and urban solutions conglomerate with significant renewables portfolio. Comparable as a domestic Singapore-based energy player with renewable energy generation, sustainability solutions, and cross-border energy capabilities, though it operates as a broader diversified utility.
  • RWE Renewables (APAC): European-headquartered global renewable energy major with APAC operations. Comparable as a global incumbent expanding into APAC markets for utility-scale solar and wind development, competing for corporate PPA and utility off-take contracts.
  • Brookfield Renewable: Global renewable energy owner and developer with investments across Asia-Pacific. Comparable as a deep-capital incumbent operating utility-scale renewable generation assets in APAC, with comparable project finance and PPA structuring capabilities.
  • TotalEnergies Renewables (APAC): Global integrated energy major with growing APAC renewables portfolio including utility-scale solar. Comparable as a deep-pocketed incumbent competing for renewable energy projects in Singapore and broader Southeast Asia.

Regional players

  • Sun Energy: Indonesia-focused solar energy developer with regional Southeast Asia presence. Comparable as a regional renewable energy developer in Southeast Asia pursuing utility-scale and commercial solar projects in adjacent geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

EDP Renewables APAC social profiles

Digital presence

EDP Renewables APAC financial estimates

Financial estimate

Revenue estimate

Valuation estimate

EDP Renewables APAC leadership team

Management profile

Number of profiles

Profiles6 records

EDP Renewables APAC funding detail

Funding detail

Funding overview

Funding rounds11 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

EDP Renewables APAC M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EDP Renewables APAC

What does EDP Renewables APAC do?

EDP Renewables APAC is a Singapore-based renewable energy company that develops, owns and operates solar photovoltaic and wind energy generation projects across the Asia-Pacific region. It supplies renewable energy and Renewable Energy Certificates (RECs) to corporate customers pursuing ESG and decarbonization commitments, and operates cross-border renewable energy import frameworks to address Singapore's limited domestic renewable capacity.

Is EDP Renewables APAC a public or private company?

EDP Renewables APAC is a private company. It is classified as corporate owned and is currently operating.

When was EDP Renewables APAC founded?

EDP Renewables APAC was founded in 2010. It employs 251 to 500 people.

Where is EDP Renewables APAC based?

EDP Renewables APAC is headquartered in Singapore, Singapore, in the Asia region.

Who are EDP Renewables APAC's main competitors?

Direct peers on record are Vena Energy, Equis Energy, Cleantech Solar and Gurin Energy. Broad incumbents are Engie (Asia-Pacific), Sembcorp Industries, RWE Renewables (APAC), Brookfield Renewable and TotalEnergies Renewables (APAC). Sun Energy is listed as a regional player.

Does EDP Renewables APAC have an API?

No public API is recorded for EDP Renewables APAC.

What industry is EDP Renewables APAC in?

EDP Renewables APAC's product category is Renewable Energy Generation. Its primary akta.pro industry code is EUACAGAB, Utility-Scale PV EPC (Engineering, Procurement & Construction), with a secondary code of EUAEAAAF, Wind Power Plant EPC (Onshore/Offshore). Its NAICS code is 221114 and its SIC code is 4911.

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Live signals
Business TodaySingapore put 13,312 solar panels in the sea. Then this tiny creature became a huge problemSingapore deployed one of the world's largest floating solar projects, developed by EDP APAC and Sunseap Group, to generate clean energy amid limited land availability. However, the facility faced significant operational challenges as marine growth, particularly barnacles, increased the structure's weight by nearly 43% and compromised buoyancy. Engineers have implemented manual cleaning and chemical treatments while testing new pontoon designs to mitigate long-term maintenance issues.The Times of IndiaIn 2026, EDP APAC deployed 13,312 solar panels on more than 30,000 pontoons in Singapore’s Strait of Johor. Today, marine growth has increased floater mass by nearly 43%, putting buoyancy and electrical connectors at riskEDP APAC is addressing a 43% increase in floater mass caused by marine growth at its 5 MWp floating solar farm in Singapore's Strait of Johor, which poses risks to buoyancy and electrical connectors. The issue highlights the unique engineering challenges of deploying offshore photovoltaic technology in coastal environments compared to inland reservoirs.The Times of IndiaSingapore put solar panels on the sea expecting waves to be the biggest challenge, but barnacles had other plansSingapore's Sunseap Group has deployed a 5-megawatt floating solar farm in the Strait of Johor to address land scarcity, generating approximately 6 million kWh of clean electricity annually. The project faces significant operational challenges from biofouling, where marine organisms like barnacles and mussels attach to pontoons, adding weight and risking corrosion. Engineers are responding by testing corrosion-resistant materials and exploring design modifications such as geometric separation to mitigate these environmental impacts.The Times of IndiaSingapore built a floating solar farm in the sea, but thousands of barnacles turned it into an engineering challenge that could sink its 13,000 solar panelsSingapore's Sunseap Group deployed a 5-megawatt floating solar farm with 13,312 solar panels on 30,000 pontoons in the Strait of Johor to support the nation's Green Plan 2030 goals, generating nearly 6 million kWh annually to power over 1,200 homes. Engineers discovered that biofouling from barnacles and mussels increased floater mass by nearly 43%, reducing buoyancy, accelerating corrosion, and risking submersion of electrical components designed to stay dry. Manufacturers are now developing solutions including geometric separation designs and corrosion-resistant frames, while the project requires constant specialized marine maintenance to keep the system operational.DealStreetAsiaSingapore's EDP Renewables APAC secures $39m from parentEDP Renewables APAC has secured $39 million in funding from its parent company. The transaction provides capital to the Singapore-based renewable energy subsidiary. No further strategic details or operational implications were disclosed in the report.SolarQuarterGurīn Energy Expands In Asia With Acquisition Of EDP Renewables APAC South Korean Wind And Solar AssetsGurīn Energy, a Singapore-headquartered renewable energy company, has acquired EDP Renewables APAC's wind and solar project portfolio in South Korea, marking a significant expansion in the country. The acquired portfolio has a combined capacity of 303 MW, effectively doubling Gurīn Energy's total development pipeline in South Korea to over 600 MW. The company has also established a second office in Seoul to support its operational capacity and collaboration with local partners and government authorities.LinkedInData Vantage | EDP Renewables APAC received fresh funding of $22.6 millionEDP Renewables APAC, formerly known as Sunseap, received fresh capital of $22.6 million from its parent company EDP Renovaveis S.A (EDPR) through the allotment of ordinary shares, according to filings with Singapore's Accounting and Corporate Regulatory Authority (ACRA). EDPR had acquired a 91% stake in Sunseap in February 2022. Separately, the share of climate tech deal volume in overall PE-VC funding increased to 11.4% in H1 2025, up from 7.1% in H1 2024.edpEnergy Storage SystemEDP Renewables APAC has introduced a bespoke Energy Storage System (ESS) designed to manage energy production and usage, particularly highlighting its development process and adherence to fire safety standards in Singapore. The solution features 24/7 monitoring and a comprehensive operations spectrum including battery charging and fault detection. This development underscores the company's commitment to sustainable energy solutions.EDPREDP Renewables APAC | Solar PPA For Commercial & IndustrialEDP Renewables APAC, headquartered in Singapore and formed after EDPR acquired a 91% stake in Sunseap in March 2022, markets zero-CAPEX solar power purchase agreements for commercial and industrial clients. The company operates across nine markets with about 1.2 GWp of installed and under-construction capacity as of June 2023. PPA terms run 10–25 years, with EDPR owning, operating and maintaining the systems.Tech in AsiaPortugal firm buys Sunseap at $800m valuationEDP Renewables, a unit of Portugal-based EDP Group, has acquired a majority stake in Singapore-based Sunseap at a valuation of US$816 million. The transaction aims to expand EDPR's renewable energy platform in Asia while facilitating knowledge transfer in wind energy and collaboration on energy storage and green hydrogen. This investment supports Sunseap's broader expansion efforts across the region, including projects in Indonesia.