Number of employees at Sunseap
ENERGY a viable business model and the infrastructure required to sell clean energy at competitive rates .
“ In the early days it was challenging because the costs of solar , wind , and hydro energy were so high ,” explains Wu . “ It was very difficult – but not impossible – to sell it at a realistic price . But what we had going for us was a very sound legal framework which allows the financing committee to look at our projects and fund them at a reasonable rate .
“ It also helps that Singapore is a tropical country , so solar power especially is considered more stable than in a lot of countries . The other benefit we have is that the local market adopts a non-subsidy approach to power . Whether you are generating brown , black , or green power – everybody gets charged the same .”
This pricing structure allows Sunseap to really push its green energy services , as the cost difference
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Number of employees at Sunseap
is nominal and the service boasts many advantages . Aside from the obvious positive impact on the environment , using Sunseap for power means that businesses can be guaranteed a consistent source of energy for 10 , 20 , or 30 years .
“ The weakness of solar power is that it requires high capital expenditure initially ,” says
Wu , “ but the strength is that the ongoing cost is next to nothing . That allows us to effectively underwrite the cost of power over a long period of time – we ’ re talking
20 or 30 years . We can offer a price for your energy today and it will stay the same for the next three decades . With coal , oil , or gas , you have one or two years of stability and you can ’ t promise the client anything beyond that .”
Projects This reliability is a big part of what ’ s drawing customers to Sunseap .
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