3 clean energy companies announce investments in Singapore


Three clean energy companies have announced new investments in Singapore on Thursday.

The three firms are German solar project developer Saferay, US smart grid technology provider Demansys Energy, and Hanergy, the largest privately owned clean energy firm from China.

Hanergy and Saferay will be establishing their international headquarters in Singapore.

Hanergy said in a press statement that the global headquarters in Singapore will oversee its sales and investment activities worldwide.

“The global headquarters will develop significant internal capabilities such as information technology infrastructure and customer relationship management tools to readily address customer’s energy needs,” said Jason Chow, Chairman and CEO of Hanergy Global Investments & Sales.

“The headquarters will also capitalise on emerging solar PV (photovoltaic) trends such as rooftop solar PV system leasing that is gaining significant interest with commercial and residential building owners.”

As for Saferay, its international headquarters in Singapore has already taken over responsibility for the entire Asian solar project business as well as the worldwide supply chain management for the entire group.

“The scope of activities in Singapore will be enlarged very quickly,” said Thomas Gnefkow, Managing Director of Saferay.

“We are going to set up an operation and maintenance centre serving our global solar asset base out of Singapore and intensify the discussion with the local financing community to obtain project financing for our worldwide projects.

“We are looking forward to be a vital part of the local Clean-Tech Community and eager to contribute to the development of the sector in Singapore.”

At the same time, Demansys Energy announced that it has purchased a controlling interest in Singapore-based CPvT Energy Asia.

CPvT will be offering demand side resources of up to 200-300 MW (megawatt) covering all three market segments in the National Electricity Market of Singapore, over the next three to five years.

To do this, it will be making an investment of about US$5 million and augmenting the headcount to 16 employees at the headquarters in Singapore.

“We think there is a great opportunity to develop new demand response solutions in Asia, and CPvT is a proven leader in this area. We look forward to supporting the leadership team in Singapore and ultimately expanding demand-side management services in Asia,” said Jeff Lines, CEO of Demansys.

The announcements were made on the sidelines of the annual Singapore International Energy Week and the PV Asia Pacific Conference.

The clean energy industry is a key growth area for Singapore, together with the water and environment sectors.

To-date, Singapore has allocated over S$1 billion of cumulative public sector funding for energy research, development and demonstration.







Source : Channel News Asia | October 31, 2013


About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
This entry was posted in Business, Economy and tagged , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s