Consumer-focused private equity firm Hector Capital Partners Ltd. and energy solutions provider Agritrade International Pte. Ltd. are investing as much as $100 million in Singapore-based solar energy retail company Sun Electric Pte. Ltd., DealStreetAsia reported.
The investment will advance Sun Electric's project pipeline and expansion in other markets in the Asia-Pacific region.
Sun Electric has a pipeline of more than 80 MW of solar rooftop projects, and it is building more than 300 MW of capacity in Singapore.
This is the first investment by Hector Capital and Agritrade into the renewable energy market, according to the report.