Greenko agrees RTC power supply to aluminium producer Hindalco
Aug 11, 2022 16:06 CESTJanuary 14 (Renewables Now) - Malaysian engineering company Metronic Global Berhad (KLSE:MTRONIC) said on Thursday that its majority-owned subsidiary would build over 4 MWp of solar PV plants under power purchase agreements (PPAs) it had secured with two corporate customers.
The group said its 70%-owned unit Sinaran PPA Sdn Bhd had signed contracts with investment holdings company Wang You and plastics manufacturer Technology PP to develop, finance, build, commission, own, operate and maintain one solar PV farm for each of the customers.
Subscribe for Renewables Now's Corporate PPA Newsletter here for free!
For Wang You, Sinaran PPA is to build a 1-MWp plant on a piece of industrial land located in the town of Gurun in the Malaysian state of Kedah.
Sinaran PPA agreed with Technology PP to build it a 3.121-MWp solar farm at an industrial site in the city of Sungai Petani in Kedah.
Both off-take contracts will run for 25 years from the commercial operation date (COD), while the tariffs are set for MYR 0.23 (USD 0.055/EUR 0.048) per kWh. Under the agreement, the customers also have the option to request the transfer of ownership of the solar farms to them from the third year from COD, Metronic said in a filing with Bursa Malaysia.
Sinaran PPA's principal activities are solar investment, project financing consultancy and general trading.
(MYR 1.0 = USD 0.239/EUR 0.209)
Greenko agrees RTC power supply to aluminium producer Hindalco
Aug 11, 2022 16:06 CESTApple to procure power from Windlab's 600-MW wind project in Queensland
Aug 11, 2022 9:37 CESTCVS Health signs up for 42 MW from Indiana solar project
Aug 10, 2022 16:14 CESTFord agrees 650-MW solar procurement in Michigan
Aug 10, 2022 15:59 CESTArgentina's YPF Luz inks solar PPA with Toyota Group firms
Aug 10, 2022 12:29 CESTUK's Network Rail to procure power from 50-MW EDF Renewables solar park
Aug 10, 2022 10:59 CEST