Solarpack wins PPA for 116 MW PV portfolio in Malaysia
Post date: 22/01/2020 - 09:40
Spanish project developer and operator of solar power plants Solarpack Corporación Tecnológica S.L announced the award of a long-term power purchase agreement (PPA) for one of its projects under development in Malaysia. This will imply the signing of a 21 year long PPA for its »Suria Sungai Petani« solar plant, which is located in the district of Kedah and must achieve commissioning before December 31, 2021. The power output is expected to be around 180 GWh per year.
Solarpack began its activity in Malaysia in 2016, when it started the development of a portfolio of projects aimed at participating in the bidding rounds planned by the Malaysian Government. In August 2019, the company presented an offer for the sale of energy of its 116 MW »Suria Sungai Petani« project, winning approximately 20 percent of the total bid at a sale price of 231.8 Ringgits/MWh ($56/MWh). A total of 112 energy sale bids were submitted to this bidding round, out of which 5 have been finally awarded.
With this award, Solarpack accumulates a total of 215 MW of new backlog entries in 2019 (including 100 MW of EPC for third parties awarded in Spain).