Solarpack Secures 21-Year PPA In Malaysia

Solarpack Bags 21-Year Power Purchase Agreement For 116 MW Solar Power Capacity Under Development In Malaysia For MYR 231.8/MWh
06:27 AM (Beijing Time) - 03. January 2020
2019.09.10-tacna-solar-high-1-PNG

Solarpack said it won the PPA for a 116 MW project under a competitive tender launched by the Malaysian Energy Commission in February 2019. Pictured is Solarpack’s Tacna Solar Park in Peru. (Photo Credit: Solarpack)

Key Takeaways

  • In Malaysia, Solarpack says it has landed itself a solar PPA for a 116 MW project; PPA will be signed formally in the coming weeks
  • Currently under development in Kedah region, the project is expected to come online before December 31, 2020
  • For some 180 GWh it will produce annually post completion, the project is expected to generate more than MYR 800 million during the PPA term

Spanish solar power developer Solarpack Corporacion Technologica has secured a power purchase agreement (PPA) with 21-year duration for a 116 MW project it is working on in Malaysia. This PPA assures the company energy sales exceeding MYR 800 million ($195.6 million) during the life of the contract, it said.

Solarpack secured the PPA for Suria Sungai Petani Solar Park in Kedah for a tariff of MYR 231.8 ($56.67) per MWh under a competitive tender launched by Suruhanjaya Tenaga (Malaysian Energy Commission) in February 2019. The project needs to be commissioned before December 31, 2021. It is expected to generate about 180 GWh annually. PPA signing is expected to be done in the coming weeks.

Solarpack along with JKH Renewables secured 90.88 MW (AC) capacity in the 500 MW large scale solar (LSS) PV tender round 3 launched by the Malaysian Energy Commission in February 2019, and whose results were published in December 2019 (see Malaysia Announces Winning Bidders For LSS3).   

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani