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.
The energy from the five megawatt-peak (MWp) offshore floating photovoltaic system located in the Straits of Johor will be exported to the national grid. Under the VPPA, all renewable energy credits (RECs) from the project will be transferred to Facebook for a pre-agreed price.
The RECs will support Facebook’s operations in Singapore, including its first custom-built data centre in Asia.
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The VPPA is the second one Sunseap has entered into with Facebook since October 2020. Sunseap and Facebook also have an agreement for renewable energy exported from solar systems installed on more than 1,200 rooftops.
Lawrence Wu, co-founder and president of Sunseap, says that the partnership is another significant step for Sunseap towards helping corporations meet their sustainability goals.
“We are grateful for the leadership shown by companies like Facebook in seriously embracing sustainability, whether through reducing waste or minimising and offsetting their carbon emissions,” he says.
Urvi Parekh, head of renewable energy at Facebook, says, “This is our first floating solar project, so we’re particularly excited to support an innovative technology that will help bring more renewable energy projects online.”
