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Sunpower Group Ltd. ( (SG:5GD) ) has issued an update.
Sunpower Group Ltd. has announced that its subsidiary, Lianshui Sunpower Clean Energy Co., Ltd., has entered into a supplementary agreement and a steam supply agreement with China Energy (Jiangsu Huai’an) Energy Development Co., Ltd. This development is part of the Lianshui Project, a centralized steam build-operate-transfer project in the Jiangsu Lianshui Economic Development Zone. The agreements follow negotiations with the County Government and China Energy Jiangsu, aiming to enhance steam supply operations and explore potential collaborations for a new steam generation facility in Lianshui County. This move is expected to strengthen Sunpower’s operational capabilities and market position in the region.
More about Sunpower Group Ltd.
Sunpower Group Ltd. operates in the clean energy sector, focusing on developing and managing centralized steam facilities. The company is involved in projects that supply steam within economic development zones, primarily in China, through long-term concessions.
Average Trading Volume: 154,933
Technical Sentiment Signal: Sell
Current Market Cap: S$198.9M
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