Sunseap and Facebook sign multi-year PPA for solar energy
Post date: 07/04/2021 - 10:05
Sunseap Group has signed a multi-year virtual power purchase agreement (VPPA) with Facebook for solar energy from Singapore's largest offshore floating solar farm (OFPV) in the Straits of Johor. The »Woodlands« project took close to a year to set up amid movement restrictions during the Covid-19 lockdown. It involved a total of 13,312 panels, 40 inverters and more than 30,000 floats. The installation is expected to produce an estimated 6,022,500 kilo-watt hours per year. It has been completed in March.
The energy from the five MW system will be exported to the national grid. A VPPA is a contract structure in which a buyer agrees to purchase a project's renewable energy for a pre-agreed price. The energy can be produced from a renewable energy project that is located away from the premises of the buyer, but co-located on the same grid.
The agreement signed with Facebook is Sunseap's second VPPA with the tech company since October 2020. Sunseap and Facebook also have an agreement for renewable energy exported from solar systems installed on more than 1,200 rooftops.
Sunseap Group is a solar energy system developer, owner and operator in Singapore, with over 400 MW of solar energy projects contracted, of which more than 168 MW have been completed on more than 1,500 buildings in Singapore including public housing estates, as well as commercial and industrial buildings. It operates through five key business units: Sunseap Leasing, Sunseap International, Sunseap Energy, Sunseap Engineering and Sunseap Solutions.
Sunseap International targets markets in the Southeast Asian and Pacific regions. These include solar farms in Vietnam with more than 168 MW, and solar projects in Cambodia, China, Taiwan, Japan, Thailand and Malaysia.