Now, its co-founder, Singapore-born Glenn Lim, is harbouring plans to set up an office in Singapore as a base from which to expand in Southeast Asia. NEFIN is also raising its first round of Series-A funding worth about US$150 million ($208 million), slated for completion by year-end.
SINGAPORE (Aug 23): Hong Kong Disneyland wants to be the island’s biggest producer of solar power, and is installing an expanse of solar cells the size of a football field on the rooftops of its buildings to yield 1.86 megawatt-hours of electricity per year. This is equivalent to the annual electricity consumption of 564 households, and 70% more than the next-biggest solar power site in Hong Kong. The Edge Singapore understands that the global theme park operator has picked New Energy Financing and Consulting Group, a bespoke solar power start-up, to set up its solar power system.
NEFIN started life as an underdog in the solar energy business, which is dominated by global brand names. The Hong Kong-based start-up designs and builds tailored solar power solutions for commercial and industrial property owners. Its bespoke setups have helped it garner a long list of large clients such as German technology group Bosch, Cathay Pacific Cargo in Hong Kong and California-headquartered Intel.
