Solarpack to Develop Solar Projects Worth 116 MW in Northern Malaysia

A total of 112 bids were submitted against this tender, out of which five were awarded capacities. The PPA assures energy sales for Solarpack exceeding RM 800 million ($195 million). The project is expected to produce about 180 GWh of solar energy every year

January 09, 2020. By News Bureau

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Solarpack has announced that it has signed a power purchase agreement (PPA) for 116 MW of solar projects in Malaysia.

In August 2019, the company won the bid to develop 116 MW “Suria Sungai Petani” project in northern Malaysia, at a tariff of RM 231.8 (~$56)/MWh.

The tender was delivered in February 2019, by Suruhanjaya Tenaga (Energy Commission of Malaysia) to develop 500 MW of large-scale solar projects in Peninsular Malaysia. Once commissioned, the projects were to be connected to the grid and sell energy to Tenaga Nasional Berhad (TNB) under a power purchase agreement. This was the third large-scale solar project tender under the country’s large-scale solar program. The project capacity was between 1-100 MW and expected to be commissioned by 2021.

A total of 112 bids were submitted against this tender, out of which five were awarded capacities. The PPA assures energy sales for Solarpack exceeding RM 800 million ($195 million). The project is expected to produce about 180 GWh of solar energy every year.

The long-term PPA will be for 21 years, which will come into effect from the date of commissioning of the project, which is December 31, 2021.

With this award, Solarpack has accrued a total of 215 MW of projects in 2019 (including 100 MW of EPC for third parties in Spain), taking its cumulative capacity to 510 MW.

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