‘Not playing in the red ocean’: SP Group aims to triple China district cooling capacity in 5 years

SP Group aims to expand its district cooling capacity in China by three times by 2031, focusing on offering integrated sustainability solutions rather than competing on price. The company is targeting the "blue ocean" of less crowded, value-driven markets, providing one-stop sustainable energy solutions in China, Thailand, and Vietnam.

With a current capacity of around 120,000 refrigeration tonnes, SP Group intends to scale up its operations in China, which currently operates projects in 20 provinces and municipalities, with a focus on the Yangtze River Delta, Chengdu-Chongqing region, and the Greater Bay Area.

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