Talesun Hands with Lys Energy for ASEAN Market

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Talesun Hands with Lys Energy for ASEAN MTalesun Hands with Lys Energy for ASEAN China leading solar cell and module manufacturer, Talesun Solar, announce recently that the company signed an agreement through internet with top Singapore home-grown Solar Independent Power Producer (IPP), LYS Energy Group, for future solar PV project development in Association of South East Asian Nations (ASEAN) regions.

As a leading PV module manufacturer and solution provider, Talesun not only provides high quality solar photovoltaic (PV) module, but also contributes in solar PV projects development, EPC business and operation and maintenance (O&M) management. The company acquired a series of qualifications and certificates for project design, construction management, and other aspects for the core business of EPC and O&M.

With innovative technology of renewable energy power solutions, Talesun extensively participated in development and EPC business of solar PV projects in various regions of the world. In 2019, Talesun successfully finished the largest solar PV power station of South America, the 315 MW Cauchari PV plant which locates in Cauchari area of Jujuy Province, Argentina. In 2018, together with A2A, the largest Italian power and gas plant provider, Talesun helped to develop total 300 MW of market parity solar PV stations in Italy. And in 2019, A2A has signed a deal to buy a 1 GW solar development pipeline from Talesun again, as part of its push to start building subsidy-free solar projects.

In mainland China, Europe and America, Talesun focus on utility PV station development and planned for 2-3 GW total in next three years. In Japan and ASEAN countries, Talesun concentrated in developing distributed PV and EPC business of PV station. The company aims 200 MW every year.

The agreement, remotely signed via online ceremony due to current global COVID-19 outbreak, includes 30MWp of distributed solar PV projects development in several other ASEAN countries in future. The first phase project located in LongAn Province, Vietnam will be executed in H2, 2020.

The projects in LongAn province, according to Talesun, will be a series of C&I rooftop distributed PV projects for self-consumption to the agreement. Talesun will be in charge of the EPC of these distributed PV projects and LYS Energy Group will finance the project and be responsible of the operation and maintenance of the rooftop solar PV systems within the contract lifetime. .

Mr. William Sheng, CEO, Talesun Solar, said:

“We are thrilled to be partnering with LYS Energy Group for distributed solar PV systems projects in ASEAN countries. We are delighted to see that the superior quality of our products alongside our experienced EPC services are recognized. With cumulative developed and built more than 7 GW PV projects globally, we will carry on executing our growth of development and EPC strategies in the distributed and utility segments while further diversifying our client and optimizing our solution to expand our footprint worldwide. ”

Mr. Lionel Steinitz, Founder and Chief Executive Officer of LYS Energy Group, said:

“Since its incorporation in 2013, LYS Energy Group has been a pioneer in rolling-out distributed solar solutions and is recognized today as a key figure of renewables in South East Asia. Our holistic approach to sustainable development, through GHG emissions measuring and reporting, carbon emissions reduction and offsetting, has grant us the praise of our customers and our partners, supportive of the innovative solutions that we tailored for them.

This new achievement acknowledges our Group’s dynamic and robust business solutions, combined with a solid technical expertise to innovate, and develop high quality solar PV systems in the region. Furthermore, this collaboration agreement with Talesun Solar will strengthen our company’s expansion and marks another significant milestone in our journey to accelerate the adoption of a low-carbon economy activity is ASEAN countries.”

LYS Energy Group (LYS) is the leading Singapore home-grown Solar Independent Power Producer (IPP) that builds, owns, and operates Solar PV Systems for Commercial, Industrial and Public sites in the Asia Pacific region. The company provides Asia’s trusted Renewable Energy platform offering hassle-free end-to-end clean energy solutions for businesses: from zero-capex solar energy (PPA), Renewable Energy Certificates (RECs), turnkey Engineering Procurement Construction (EPC) and Operations & Maintenance (O&M) services, to carbon emissions and energy management consulting. Since its incorporation, LYS has deployed over 50MWp of high-performance solar PV systems, with a pipeline of over 500MWp in Singapore and across the region in Vietnam, Indonesia, Malaysia, Thailand, and Philippines.

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