<article><p>Thai coal miner, Banpu PCL is buying a 25.7 percent stake in Singaporean green energy firm, Sunseap Group Pte Ltd for $55.7 million, the company said on Tuesday.</p></article>

<p>Thai coal miner, Banpu PCL is buying a 25.7 percent stake in Singaporean green energy firm, Sunseap Group Pte Ltd for $55.7 million, the company said on Tuesday.</p>
<p>Banpu is making the investment through its subsidiary, Banpu Infinergy Company Limited (BPIN). The purchase of the stake will increase BPIN&#8217;s generating capacity to 47 megawatts (MW) of signed projects, a step toward its five-year goal of 300 MW, according to the statement.</p>
<p>Sunseap has an operating capacity of 93.3 MW of solar power that is set to increase to approximately 182.9 MW through secured projects.</p>
<p>Banpu is &#8220;responding to business needs and encouraging the switch to clean energy in Thailand&#8221;, said Somruedee Chaimongkol, the company&#8217;s chief executive in the statement.</p>
<p>Sunseap&#8217;s customers in Singapore include public sector agencies and companies such as Apple, the Housing Development Board, and Jurong Port.</p>
<h4><em>Reuters</em></h4>


Thai coal miner, Banpu PCL is buying a 25.7 percent stake in Singaporean green energy firm, Sunseap Group Pte Ltd for $55.7 million, the company said.

Thai coal miner Banpu takes 25.7% in Singapore's Sunseap Group for $56m

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Thai coal miner Banpu takes 25.7% in Singapore's Sunseap Group for $56m

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