Peak Energy Acquires ~10 MW C&I Rooftop Solar Portfolio in Singapore from Maiora Renewable Energy
Peak Energy has acquired a nearly 10 MW portfolio of operating commercial and industrial rooftop solar assets in Singapore from Maiora Renewable Energy Pte Ltd. Backed by Stonepeak, the acquisition strengthens Peak Energy's position as a leading C&I rooftop solar platform in Southeast Asia and expands its ability to offer long-term VPPAs to Singapore-based corporates seeking locally sourced renewable energy.
Transaction date: · Source: peakenergy.asia
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 10 MW
- Transaction price
- Not disclosed
- Buyer
- Peak Energy
- Country
- Singapore
- Region
- Singapore
- Continent
- Asia
- Development status
- Operational
- PPA
- Yes
Technology details
Nearly 10 MW portfolio of commercial and industrial (C&I) rooftop solar installations across Singapore. Distributed generation assets serving corporate and industrial buyers. Maiora Renewable Energy had been active in Singapore's rooftop solar market for more than a decade.
Power purchase agreement (PPA)
Peak Energy is in advanced discussions with Singapore-based corporate and industrial buyers on long-term virtual power purchase agreements (VPPAs) for locally sourced renewable energy, providing price stability for Singaporean corporates.
Additional information
Acquisition described as a multi-million transaction; exact price not disclosed. Peak Energy is backed by Stonepeak. Maiora is refocusing its development efforts on Taiwan and the Philippines. Transaction follows Singapore's upgraded 2030 solar target.
Source
Original announcement: https://www.peakenergy.asia/news-and-insight/news--peak-energy-adds-10mw-of-operating-solar-capacity-amid-growing-singapore-demand-for-greener-and-more-stable-energy