The agreement calls for the construction of a 60-megawatt floating photovoltaic installation (MWp) on Tengeh Lake. The solar energy produced is intended to cover the energy needs for the operation of PUB`s five local hydropower plants, including Marina Barrage. Brookfield takes over Exelon`s 1GW solar portfolio for $810 million The contract was signed with the Public Utilities Board (Pub) which was selected by Singaporean company Sembcorp for the project at the end of February. The price to be paid under the AAE for the solar electricity generated was not disclosed. The Sembcorp Solar Singapore unit of utilities and naval group Sembcorp Industries has secured a 25-year power supply contract (PPA) for a 60 MW floating solar facility it plans to install in The Tengeh Reservoir in Singapore. The floating project is expected to be commissioned next year and will power the operation of Pub`s five hydropower plants. Scatec signs MoU with Equinor and Hydro to build a 480W solar installation in Brazil. Lawrence Wu, President and Executive Director of The Sunseap Group, said: “We are very pleased to be working with Facebook to launch a virtual energy sales contract in Singapore and the rest of the region. We believe that VPPA is the way forward for companies, as they accelerate efforts to supplement their energy mix with renewable energy. This is a radical change in Asia`s efforts to decarbonize carbonization and combat climate change. The Solar Energy Research Institute of Singapore has been using the De Tengeh reservoir as a test bed for floating solar energy since 2017.

Facebook designs, builds and operates some of the most efficient computing centers in the world. To date, Facebook has signed more than 5.4 gigawatts of new renewable energy to support its global operations. The agreement will also support Facebook`s offices in the region. Sunseap is one of the largest developers in the region with a total capacity of 1.7 gigawatts in peak volume in Asia Pacific. It has a pipeline of projects in Australia, China, Taiwan, Japan and other parts of Southeast Asia and has successfully commissioned a 168 MWp solar farm in Vietnam`s Ninh Thuan Province. Sunseap is committed to providing Facebook with solar power from more than 1,200 roofs. (Image: Sunseap.) sPower acquires a 1GW solar portfolio in New York, US Sunseap will design and install the solar photovoltaic installation according to your requirements with zero preliminary costs. Only pay for what you use. As part of the agreement, Sembcorp will use more than 146,000 solar modules on Tengeh Lake in Tuas to generate energy and offset about 32 kilotons of CO2 emissions per year. The panels would be installed on corrosion-resistant swimmers using photovoltaic modules to maximize solar energy efficiency. The transaction with Sunseap will help Facebook, one of the world`s largest buyers of renewable energy, achieve its goal of supporting its activities in the region with 100% renewable energy and reducing greenhouse gas emissions by 75%.

Recently, Google announced that it had set 2030 as the target year to obtain 100% carbon-free electricity 24×7 for the operational use of its data centers and offices worldwide. In the white paper launched by Google, Google recently announced that it had agreed to purchase electricity from nearly 500 public residential buildings equipped with rooftop solar installations in Singapore (see Google Aims To Go Carbon Free By 2030). Solar PPA allows commercial building owners to use solar energy without having to pay in advance for investment costs. Sunseaps Solar PPA fully funds solar installations, installs and waits for them for businesses and only charges solar energy consumed by the building at a competitive electricity rate over a period of 20 to 25 years. There are plans to build a floating photovoltaic installation on Lake Tengeh. “As part of our goal to support 100% of our renewable energy operations, we want to help accelerate the energy transition and increase access to wind and solar energy worldwide,” said