Sunseap and also Facebook sign multi-year PPA for solar power
- Sunseap Group has actually authorized a multi-year online power purchase agreement (VPPA) with Facebook for solar energy from Singapore's largest overseas floating solar farm (OFPV) in the Straits of Johor.
The "Woodlands" project took close to a year to establish in the middle of activity restrictions during the Covid-19 lockdown. It entailed a total amount of 13,312 panels, 40 inverters and also greater than 30,000 floats. The installation is expected to create an estimated 6,022,500 kilo-watt hrs each year. It has actually been completed in March.
The energy from the 5 MW system will be exported to the nationwide grid. A VPPA is an agreement framework in which a purchaser agrees to purchase a project's renewable energy for a pre-agreed price. The energy can be generated from a renewable resource project that is located away from the premises of the customer, yet co-located on the same grid.
The agreement signed with Facebook is Sunseap's second VPPA with the technology business given that October 2020. Sunseap and also Facebook likewise have an arrangement for renewable resource exported from planetary systems set up on greater than 1,200 roofs.
Sunseap Group is a solar power system developer, owner as well as operator in Singapore, with over 400 MW of solar energy projects acquired, of which more than 168 MW have been completed on greater than 1,500 structures in Singapore consisting of public housing estates, as well as commercial and commercial structures. It runs with five key company units: Sunseap Leasing, Sunseap International, Sunseap Power, Sunseap Design and also Sunseap Solutions.
Sunseap International target audience in the Southeast Asian and Pacific regions. These consist of solar farms in Vietnam with more than 168 MW, and solar projects in Cambodia, China, Taiwan, Japan, Thailand as well as Malaysia.
- Corporate solar funding increases with PV assets in 'excellent demand'
- SEIA unveils social justice platform
- FERC announces grid workshop, suggests transmission incentive shake-up
- Batteries Better Than Gas at Satisfying Australia's Future Peaking Requirements
- Hunt Perovskite Technologies Awarded Funding from Department of Energy