Solarvest secures five CGPAs under CGPP totaling 60 MWac including Micron Technology and Bursa Malaysia

Quick Summary:

Leveraging our established track record in developing utility-scale projects, we are confident in fulfilling our role as a Solar Power Producer, providing our Corporate Consumers with sustainable energy solutions to advance their sustainability goals.”

The signed CGPAs, each with a tenure of 21 years, will strengthen Solarvest recurring income stream from the sales of electricity generated by the two solar power plants.

Meanwhile, the Corporate Consumers will collectively offtake a combined electricity capacity of 59.98 megawatts (MWac) generated from the solar power plant for 21 years, with a contract for difference mechanisms at an agreed pricing.[MWac refers to the capacity a plant can deliver to the grid after accounting for energy losses during the DC-AC conversion.]

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Article Details

Author / Journalist: karamjit2

Category: EconomyStartupsBusiness

Markets: Malaysia

Topics: Solarvest Cgpp Corporate Green Cgpas Power Electricity Energy Solar Sustainability Malaysian

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-11 @ 15:58:58 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: digitalnewsasia.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Digital News Asia

News ID: 22018213

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