Following the closing of its acquisition of a 91% stake in local solar player Sunseap, Iberian renewables major EDPR has pledged to deploy up to 10bn Singapore dollars ($7.4bn) by 2030, establishing a clean energy hub based in the Asian city state for the Asia Pacific (APAC) region.

The Madrid-based renewables unit of Portuguese energy firm EDP in November had announced to buy most of Sunseap, which has a 10GW portfolio of renewable energy projects at different stages of development spread across nine markets in the region.