In This Article:
WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc.
WANG & LEE GROUP, Inc.
Hong Kong, March 03, 2025 (GLOBE NEWSWIRE) -- Wang & Lee Group, Inc. (WLGS), a leader in sustainable technology solutions, today announced its acquisition of Solar (HK) Limited (“SolarHK”), a pioneering solar energy company, through an allotment of shares valued at approximately HK$15 million. This strategic move aims to integrate SolarHK’s extensive solar expertise with WLG’s lithium-ion battery initiatives, advancing Hong Kong’s transition to renewable energy.
SolarHK: A Trailblazer in Renewable Energy
Established in 2019, SolarHK has been at the forefront of promoting renewable energy adoption across Hong Kong. The company offers comprehensive services, including solar photovoltaic (PV) system design and installation, green energy project approvals, and emission reduction management. Aligned with the Hong Kong SAR government’s sustainability goals, SolarHK provides one-stop solutions for residential and commercial clients, enabling participation in programs such as the Feed-in Tariff (FiT) scheme.
Notable projects completed by SolarHK include installations at:
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青衣船廠 (Tsing Yi Shipyard)
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利維大廈 (Liven House, Kwun Tong)
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港興混凝土有限公司 (Quon Hing Concrete Manufacturer, Tsing Yi – a subsidiary of New World Development)
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出入易迷你倉 (In n Out Storage, Aberdeen)
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錦田沙律之家 (Kam Ting Maison De Charlotte, Yuen Long)
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西貢莫遮輋 (Mok Tse Che, Sai Kung)
Strategic Synergy and Expansion
The acquisition creates synergies between WLG’s lithium-ion battery research—developed in collaboration with City University of Hong Kong—and SolarHK’s solar technology and expansive network. SolarHK’s coverage spans over 50 locations across Hong Kong, positioning WLG to deliver integrated energy storage and solar solutions for commercial, industrial, and residential sectors.
Collaboration with Linko: Enhancing Smart Solutions
Through WLG’s partnership with Linko Smart Technology Limited (https://linko.com.hk/pages/about-us), a technology innovator, SolarHK’s existing client base will gain access to IoT-enabled services. Linko will deploy AI-powered smart home assistants and energy management systems, enhancing efficiency and sustainability for households and businesses utilizing SolarHK’s infrastructure.
Leadership Perspectives
Mr. Ho, CEO of Wang & Lee Group, stated:
“This acquisition marks a pivotal step in our mission to advance clean energy ecosystems. SolarHK’s proven track record and localized expertise complement our battery technology, enabling holistic solutions that reduce carbon footprints and empower Hong Kong’s green future.”