Agape ATP Corporation (NASDAQ: ATPC) has witnessed a notable surge in its stock value, climbing by 22.29% to $2.14 as observed in the latest pre-market session. This increase in ATPC’s share price is attributed to the recent announcement of a significant regional partnership.
Agape formed Strategic Alliance with Photons Solar
Agape ATP (ATPC), through its subsidiary ATPC Green Energy Sdn. Bhd., has formalized a strategic collaboration with Xiamen Photons Solar Technology Co., Ltd. Photons Solar is a key partner in the value chain of Fujian Minfa Aluminium Co., Ltd., which is listed on the Shenzhen Stock Exchange. The collaboration, officially signed at Photons Solar’s headquarters in Xiamen, China, focuses on the development of solar photovoltaic (PV) mounting systems tailored for Malaysia and ASEAN countries.
Implications for Renewable Energy in ASEAN
This partnership arrives at a crucial juncture as ASEAN nations intensify their pursuit of a zero-carbon energy future. The regional governments are actively implementing policies to promote the development and use of renewable energy, with a particular emphasis on achieving carbon neutrality. The alliance between Photons Solar and ATPC Green Energy aims to expedite these initiatives and catalyze the transformation of the ASEAN solar market.
ATPC Advancing Solar Energy Projects
The collaboration with Photons Solar marks a strategic advancement for Agape ATP as it continues to develop solar PV farms in Sabah. The partnership seeks to tackle essential challenges such as grid stability and power supply, thereby supporting Sabah’s transition to a clean, affordable, and reliable energy source.
By aligning with a partner that shares its vision, ATPC is poised to significantly impact the renewable energy landscape in the region. Photons Solar, distinguished by its extensive experience in solar PV mounting systems—boasting over 5 gigawatts (GW) in cumulative shipments and a 960,000 square meter manufacturing facility under Fujian Minfa Aluminium—brings considerable expertise and cutting-edge technology to this collaboration.
Agape ATP (NASDAQ: ATPC), together with Photons Solar will leverage collective strengths to deliver versatile and efficient solar solutions, addressing diverse needs in the ASEAN market and reinforcing their commitment to advancing regional renewable energy goals.
