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Sembcorp seals PPA for 60-MWp floating solar project in Singapore

Solar module. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

May 12 (Renewables Now) - Singaporean energy group Sembcorp Industries Ltd (SGX:U96) has signed a power purchase agreement (PPA) with the National Water Agency PUB for the output of a new 60-MWp floating solar plant.

Sembcorp Floating Solar Singapore, which is a wholly-owned unit of the company, will design, build, own and operate a solar array composed of more than 146,000 photovoltaic (PV) panels at Tengeh Reservoir in Tuas.

The facility will be able to generate enough power to meet the day-to-day energy needs for operations at PUB’s five local waterworks, the announcement says. The contract has a term of 25 years.

The project is expected to be completed next year. It will support Singapore’s goal of reaching 2 GW of installed solar capacity by 2030, said Neil McGregor, Group President and CEO of Sembcorp Industries.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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