{"id":18476,"date":"2025-02-28T16:01:49","date_gmt":"2025-02-28T09:01:49","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=18476"},"modified":"2025-02-28T16:01:49","modified_gmt":"2025-02-28T09:01:49","slug":"peak-energy-acquires-solar-rooftop-project-in-singapore-enters-into-long-term-virtual-power-purchase-agreement-with-arkema","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=18476","title":{"rendered":"Peak Energy Acquires Solar Rooftop Project in Singapore, Enters into Long-Term Virtual Power Purchase Agreement with Arkema"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

SINGAPORE<\/span><\/span>, Feb. 28, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Peak Energy Development Pte Ltd. (“Peak Energy”), a leading renewable energy developer and independent power producer with operations across Asia<\/span>, has acquired a 1MW solar rooftop installation in Singapore<\/span>, further expanding its renewable energy portfolio.<\/p>\n

\n

\"Peak<\/a>
Peak Energy\u2019s Singapore-based rooftop solar system that generates around 1 GWh of clean energy annually for Arkema.<\/span><\/p>\n<\/div>\n

In parallel, Peak Energy has entered into a Virtual Power Purchase Agreement (vPPA) contract with Arkema Pte Ltd. (“Arkema”), a global leader in specialty materials production, for its Symphony Plant located on Jurong Island, the world’s largest integrated bio-factory. Through this agreement Peak Energy will help Arkema achieve its Science Based Targets initiative (SBTi)-approved goal of a 48.5% reduction in Scope 1 + 2 greenhouse gas (GHG) emissions by 2030, compared with 2019 levels.<\/p>\n

This strategic acquisition and vPPA agreement underscore Peak Energy’s commitment to expanding its presence in Singapore<\/span>, one of the most dynamic markets for renewable energy in Asia<\/span>, and in the Asia Pacific<\/span> region in general, focusing in particular on the B2B segment.<\/p>\n

Operational since 2023 and located on the roof of Matco Asia Pte. Ltd., a Singapore<\/span>-based valve automation company, the facility generates around 1 GWh of clean energy annually.<\/p>\n

“Peak Energy is dedicated to helping corporates, such as Arkema, reduce their power costs and carbon footprint in a sustainable way. This acquisition and agreement will support our growth in the region, whilst also contributing to Singapore’s<\/span> ambition of achieving net zero emissions by 2050,” stated Gavin Adda<\/span>, CEO at Peak Energy<\/b>\u00a0<\/p>\n

“Sustainability is a core pillar of Arkema’s strategy, and this partnership with Peak Energy is an important step toward achieving our Scope 2 goals for the Jurong Island Plant. By adopting renewable energy solutions, we are strengthening our commitment to environmental responsibility while supporting Singapore’s<\/span> energy transition,” said Zoeline Xu, APOC Energy Transition cum Strategic Purchasing Manager at Arkema.<\/b><\/p>\n

About Peak Energy<\/b>\u00a0<\/p>\n

Headquartered in Singapore<\/span>, Peak Energy is an Independent Power Producer that develops, owns, and operates renewable energy assets across Asia<\/span>. Peak Energy’s activities encompass the whole spectre of renewable energy business models, such as utility-scale development, off-site PPAs, onsite PPAs, and energy storage applications, to position itself as the one-stop partner for corporates seeking to decarbonize their operations in Asia Pacific<\/span>. Peak Energy has almost 300 MW of operating projects across Asia<\/span>. For more information, please visit https:\/\/www.peakenergy.asia<\/a>. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately USD 72 billion<\/span> of assets under management.\u00a0<\/p>\n

About Arkema<\/b>\u00a0<\/p>\n

Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever- growing demand for new and sustainable materials. With the ambition to become a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials – Adhesive Solutions, Advanced Materials, and Coating Solutions – accounting for some 92% of Group sales in 2023, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around \u20ac 9.5 billion in 2023, and operates in some 55 countries with 21,100 employees worldwide.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

<\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

SINGAPORE<\/span><\/span>, Feb. 28, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Peak Energy Development Pte Ltd. (“Peak Energy”), a leading renewable energy developer and independent power producer with operations across Asia<\/span>, has acquired a 1MW solar rooftop installation in Singapore<\/span>, further expanding its renewable energy portfolio.<\/p>\n

\n

\"Peak<\/a>
Peak Energy\u2019s Singapore-based rooftop solar system that generates around 1 GWh of clean energy annually for Arkema.<\/span><\/p>\n<\/div>\n

In parallel, Peak Energy has entered into a Virtual Power Purchase Agreement (vPPA) contract with Arkema Pte Ltd. (“Arkema”), a global leader in specialty materials production, for its Symphony Plant located on Jurong Island, the world’s largest integrated bio-factory. Through this agreement Peak Energy will help Arkema achieve its Science Based Targets initiative (SBTi)-approved goal of a 48.5% reduction in Scope 1 + 2 greenhouse gas (GHG) emissions by 2030, compared with 2019 levels.<\/p>\n

This strategic acquisition and vPPA agreement underscore Peak Energy’s commitment to expanding its presence in Singapore<\/span>, one of the most dynamic markets for renewable energy in Asia<\/span>, and in the Asia Pacific<\/span> region in general, focusing in particular on the B2B segment.<\/p>\n

Operational since 2023 and located on the roof of Matco Asia Pte. Ltd., a Singapore<\/span>-based valve automation company, the facility generates around 1 GWh of clean energy annually.<\/p>\n

“Peak Energy is dedicated to helping corporates, such as Arkema, reduce their power costs and carbon footprint in a sustainable way. This acquisition and agreement will support our growth in the region, whilst also contributing to Singapore’s<\/span> ambition of achieving net zero emissions by 2050,” stated Gavin Adda<\/span>, CEO at Peak Energy<\/b>\u00a0<\/p>\n

“Sustainability is a core pillar of Arkema’s strategy, and this partnership with Peak Energy is an important step toward achieving our Scope 2 goals for the Jurong Island Plant. By adopting renewable energy solutions, we are strengthening our commitment to environmental responsibility while supporting Singapore’s<\/span> energy transition,” said Zoeline Xu, APOC Energy Transition cum Strategic Purchasing Manager at Arkema.<\/b><\/p>\n

About Peak Energy<\/b>\u00a0<\/p>\n

Headquartered in Singapore<\/span>, Peak Energy is an Independent Power Producer that develops, owns, and operates renewable energy assets across Asia<\/span>. Peak Energy’s activities encompass the whole spectre of renewable energy business models, such as utility-scale development, off-site PPAs, onsite PPAs, and energy storage applications, to position itself as the one-stop partner for corporates seeking to decarbonize their operations in Asia Pacific<\/span>. Peak Energy has almost 300 MW of operating projects across Asia<\/span>. For more information, please visit https:\/\/www.peakenergy.asia<\/a>. Peak Energy is wholly owned by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets with approximately USD 72 billion<\/span> of assets under management.\u00a0<\/p>\n

About Arkema<\/b>\u00a0<\/p>\n

Building on its unique set of expertise in materials science, Arkema offers a portfolio of first-class technologies to address ever- growing demand for new and sustainable materials. With the ambition to become a pure player in Specialty Materials, the Group is structured into 3 complementary, resilient and highly innovative segments dedicated to Specialty Materials – Adhesive Solutions, Advanced Materials, and Coating Solutions – accounting for some 92% of Group sales in 2023, and a well-positioned and competitive Intermediates segment. Arkema offers cutting-edge technological solutions to meet the challenges of, among other things, new energies, access to water, recycling, urbanization and mobility, and fosters a permanent dialogue with all its stakeholders. The Group reported sales of around \u20ac 9.5 billion in 2023, and operates in some 55 countries with 21,100 employees worldwide.<\/p>\n

\n<\/div>\n

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