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Power Utility

Karen Mesina

, Singapore

Published:

7 years ago

Retailer Red Dot Power buys out 237.5 KWp operating solar project

It's the firm's first investment.

Red Dot Power, Singapore's home grown independent electricity retailer has made its first investment for a 100% buy out of a 237.5 KWp operating Solar project in Singapore.

Acquisition of this project adds to Red Dot Power's business model to be an integrated energy services company comprising electricity retail, demand response, solar and storage.

Mr. Vijay Sirse, Founder and CEO of Red Dot Power says, “This acquisition is the first step in the direction of achieving Red Dot Power's ambitious business plan to be a significant player in the renewable energy space – complimenting its electricity retail, demand response and storage solutions”.

Red Dot Power is currently the #1 independent electricity retailer in terms of market share and has proactive plans to obtain significant MW capacity in the solar space. The company aims to utilise both traditoinal c_Si solar modules and Organic PV (OPV) solar films in order to cater to specific applications as required at any given time.

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