, Singapore
319 views
Photo from Keppel and GlobalFoundries.

Keppel inks multi-year PPA with GlobalFoundries

The PPA is seen to commence on 1 May 2024.

Keppel’s Infrastructure Division signed a multi-year power purchase agreement with (GF) to provide 150 megawatts (MW) to 180 MW to GF’s Singapore site from the upcoming Keppel Sakra Cogen Plant.

In a statement, the companies said GF is expected to be a long-term off-taker of the power plant that is expected to be completed by 2026.

ALSO READ: Singapore faces cost, investment hurdles in hydrogen push

The company is expected to secure around 25% of the power plant’s generation capacity for over 15 years.

The power plant, a hydrogen-ready combined cycle facility, will be one of the “most advanced and energy-efficient power plants in Singapore.

This will help GF cut its emissions in the Singapore site by 10% or up to 70,000 tonnes of carbon dioxide emissions annually.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Trump 2.0 could thump India's solar ambition
Its solar companies may need to set up manufacturing plants in the US to bypass tariffs. 
Indonesia told to tap communities in clean energy transition
Solar and wind power managed by villages could generate 96 million jobs over 25 years.