Sunseap and Facebook Sign VPPA for Floating Solar Power

Sunseap Group has signed a multi-year virtual power purchase agreement (VPPA) with Facebook for solar energy from the Singapore's largest offshore floating solar farm in the Straits of Johor.
Sunseap and Facebook Sign VPPA for Floating Solar Power
Courtesy of Sunseap

The energy from the five MWp offshore floating photovoltaic system will be exported to the national  grid.  All  renewable  energy  credits  (RECs)  from  project  will  be  transferred  to Facebook under the VPPA and will support the tech company's operations in Singapore, including Facebook's first custom-built data center in Asia.

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.

Lawrence Wu, Co-founder and President of Sunseap Group said, “We are very pleased to be working with Facebook for a second VPPA. This 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.”

Urvi Parekh, Head of renewable energy at Facebook said, “We are thankful for this partnership with Sunseap that is helping us bring new solar energy to the Singapore grid in support of  our  operations  in  the area.  This  is our first floating  solar  project,  s o  we’re particularly excited to support an innovative technology that will help bring more renewable energy projects online.”

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