COMPANY BACKGROUND
Establishment background
Established in 2014, Shandong Hi-Speed (Singapore) Pte. Ltd. is the first
wholly-owned subsidiary set up by Shandong Hi-Speed Group overseas as
part of its "going global" strategy.
Strategic positioning
Leveraging Singapore's unique geographical and resource advantages to build
a platform for commodity trading, overseas investment and financing, as well
as investments in new energy and new infrastructure industries.
Singapore: global financial and Trade Center
As an important financial, trade and shipping hub in Asia, Singapore provides unique conditions for enterprises to expand the Southeast Asian market and connect global resources.
2014
Year of establishment
1st
foreign subsidiary
GROUP STRENGTH
Shandong Expressway Group: a state-owned capital investment company in the field of infrastructure in Shandong Province
Registered capital
92.2
Billion yuan
USD 129.8 Billion
Total assets
1.59
Trillion yuan
USD 223.94 Billion
World top 500
412
Ranking
USD 129.8 Billion
Core business data
Revenue in 2023
Total profit
Expressway operation
ENR international contractor ranking
RMB 260.5B
RMB 16.5B
9,000+ km
#65
Its listed companies
Shandong Expressway
600350.SH
Shangao Holdings
00412.HK
Weihai bank
09677.HK
Shandong Road and Bridge
000498.SZ
Qilu Expressway
01576.HK
Shangao new energy
01250.HK
SHANDONG HI-SPEED NEW ENERGY
Green business engine and new energy flagship enterprise under Shandong Expressway Group
Shangao new energy
01250.HK
Focuses on the investment, construction, and operation of
clean energy generation such as wind and photovoltaic power,
and centralized heating.
Business coverage:
Province, region and city
Australia
Centralized photovoltaic power station
54 Seats
Installed capacity 2500MW+
Centralized PV Power Stations
Wind power plant
19 Seats
Installed capacity 1100MW+
Wind Power Stations
Distributed photovoltaic power station
200+ Seats
Installed capacity 800MW+
Distributed PV Stations
Total installed capacity
4.5GW
34million m2 of clean heating
Total Installed Capacity
Committed to becoming the green business engine and new energy flagship enterprise under Shandong Expressway Group
SUNICE SOLAR - SUBSIDIARY
Wholly owned subsidiary of Shandong Expressway (Singapore) Co., Ltd
Full Acquisition
December 31, 2025
Shandong Hi-Speed (Singapore) Pte Ltd, a Fortune Global 500 state-owned enterprise,
has extended its clean energy footprint into Southeast Asia through the acquisition of
Sunice Solar.
Strategic significance
This merger and acquisition marks the group's milestone breakthrough in the field of overseas new energy, and has laid a solid foundation for further development of the clean energy market in Southeast Asia.
The projects are mature and high-quality "investment, construction and operation" integrated distributed photovoltaic assets. The end users cover a number of well-known multinational enterprises and local high-quality industrial and commercial owners. They rely on the long-term power purchase agreement (PPA) and green certificate trading mechanism to lock in long-term stable income.
Core asset data
Distributed photovoltaic power station
27 Seats
Annual power generation
16million degrees
Total installed capacity
13MW
Annual carbon emission reduction
160000 tons
BUSINESS SCOPE
Focus on the development and investment of clean energy projects in Southeast Asia
Project development
Project development, site assessment, feasibility studies
Market expansion
SEA market expansion, client network development
Multiple energy sources
Solar, wind, energy storage solutions
Capital operation
Project financing, M&A, asset managemen
Solar Energy
Wind Power
Energy Storage
SYNERGY ADVANTAGES
Dual track strategy to build the leading position of clean energy in Southeast Asia
Advantages of Shandong
Expressway Group
Financial strength
The world's top 500 enterprises, with total assets of 1.59 trillion yuan,
Provide strong financial support
Brand Endorsement
AAA credit rating, international grade a rating, enhance market trust
Whole industry chain
Shangao new energy has an installed capacity of 4.5gw, providing full chain support for technology, construction and operation
Advantages of local cooperation
Local resources
Deeply explore the Singapore and Southeast Asian markets, and have rich project resources and government relations
Professional team
Familiar with local policies, regulations and market environment, with rich experience in project implementation
Industry network
Establish strategic cooperation with industry leading enterprises such as sunseap and longi
Dual-Track Strategy
Sunice solar (a subsidiary) and Sunice power (a strategic partner) formed a dual track clean energy strategy,
The former is responsible for direct operation, while the latter promotes market expansion and jointly constructs the clean energy territory of Shandong Expressway Group in Southeast Asia.
MARKET OPPORTUNITIES
Huge potential and development prospect of clean energy market
Regional market potential
Singapore:2050 net zero emission target
Floating PV:Rapid development trend in Southeast Asia
Policy support:National renewable energy incentives
Key target markets
Singapore
Finance and Trade Center
Indonesia
Floating photovoltaic potential
Malaysia
Manufacturing base
Thailand
Mature photovoltaic market
Market drivers
√ land scarcity drives demand for distributed PV
√ strong demand for green energy from multinational enterprises
√ energy security and diversified strategic needs
√ carbon neutrality goal promotes clean energy investment
Strategic layout of Shandong Expressway
Relying on the international development strategy of "foreign economy, foreign service and foreign trade", we will focus on the clean energy track in Southeast Asia, accelerate the new energy industry to go to sea, and promote the extension of the international business industry chain and value chain to high-end.
Building a Sustainable Tomorrow Together
Sunice Solar and Sunice Power, backed by the strong capabilities of Shandong Hi-Speed Group, are committed to
becoming leaders in the clean energy sector in Southeast Asia.
Strategic Partnership
Green Development
Regional Presence
We look forward to partnering with you