Peak Energy Acquires Solar Rooftop Project in Singapore

  • Peak Energy Development Pte Ltd, a leading renewable energy developer, has acquired a 1MW solar rooftop installation in Singapore.
  • This strategic acquisition and vPPA agreement underscore Peak Energy’s commitment to expanding its presence in Singapore, one of the most dynamic markets for renewable energy in Asia.

Peak Energy Development Pte Ltd, a leading renewable energy developer and independent power producer with operations across Asia, has acquired a 1MW solar rooftop installation in Singapore, further expanding its renewable energy portfolio.

Also, Peak Energy has entered into a Virtual Power Purchase Agreement (vPPA) contract with Arkema Pte Ltd, a global leader in speciality 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 per cent reduction in Scope 1 + 2 greenhouse gas (GHG) emissions by 2030 compared with 2019 levels.

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

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

“Peak Energy is dedicated to helping corporates, such as Arkema, sustainably reduce their power costs and carbon footprint. This acquisition and agreement will support our growth in the region whilst also contributing to Singapore’s ambition of achieving net zero emissions by 2050,” stated Gavin Adda, CEO of Peak Energy

“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 energy transition,” said Zoeline Xu, APOC Energy Transition cum Strategic Purchasing Manager at Arkema.


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