Zero Capital Outlay. Hassle-Free Maintenance. Predictable Electricity Pricing.
Why Go Solar?
On January 1, 2019, Singapore introduced the Carbon Pricing Act, with the initial price set at $5/tCO2e in 2019. This tax will increase gradually to more than 10 times that amount, forecasted to reach $80/tCO2e by 2030. This means a higher cost of electricity from your traditional electricity retailers.
Furthermore, due to volatility in oil pricing, electricity prices have been increasing and are expected to continue rising in the future, contributed by supply cuts from OPEC and increased demand as world economies grapple with geopolitical headwinds.
By adopting solar energy with EDP in Singapore, you can achieve your sustainability goals while enjoying low and stable electricity pricing for decades. Solar panel prices have also declined dramatically, creating an unique opportunity for you to adopt solar energy at a low cost. Additionally, with a Solar Power Purchase Agreement, you can now adopt solar energy with zero capital outlay!
Singapore’s Minister-in-charge of Energy and Science and Technology, Dr Tan See Leng, has encouraged businesses with suitable rooftops to adopt solar where feasible, as a way to manage energy costs and strengthen resilience amid ongoing energy volatility.
If your business is ready to take this step, contact us today to explore how solar can work for you.
For businesses that lack the necessary rooftop or ground space for an on-site system, a Virtual Power Purchase Agreement (VPPA) offers a highly flexible alternative. Under this model, EDP develops and operates a large-scale solar facility off-site. Your company enters into a financial agreement to support the project, allowing you to secure the associated Renewable Energy Certificates (RECs), achieve your corporate ESG goals, and hedge against volatile energy markets - all without a single solar panel on your roof.
Why is EDP Your Preferred Solar Provider in Singapore?
EDP Renewables APAC is headquartered in Singapore with more than 1.4 GWp of installed renewables capacity across key markets such as Australia, Japan, Singapore and Taiwan.
In Singapore alone, we have installed solar panels across more than 3,500 buildings. We are a global leader in renewables, with proven track records and institutional recognition.
Your Journey to Sustainability
By leveraging clean and renewable solar energy, we will reduce our reliance on burning fossil fuels. Our steps into sustainability preserve our future by reducing carbon emissions and building a more resilient planet.
As an example, the potential environmental impact of a 1MWp Solar Photovoltaic system will offset 50,000 kg of Carbon Emission, which is equivalent to burning 102,200 gallons of oil or 178,850 MMbtu of natural gas.
Each solar panel installed is a step towards energy independence and environmental stewardship, paving the way for a cleaner, more resilient planet.
You can make a difference too.
Upon reaching out to EDPR APAC, I was immediately impressed by their knowledgeable and dedicated team. Their experts guided me through the entire process, from assessing our energy requirements to designing and installing a customized solar panel system for our workshop. The professionalism, expertise, and attention to detail displayed by the EDPR APAC team were truly commendable.
I wholeheartedly recommend EDPR APAC's solar power solutions to anyone seeking a reliable, eco-friendly, and cost-effective energy alternative.
EDPR APAC has been profession from the very beginning of the process and to execution of installation. Where I was seeing it through all the way. Sharing similar goals on sustainability and assist the college to achieve the zero-energy building and attain its certification. Their commitment to sustainability and renewable energy was evident in every step of this journey.
I would recommend EDPR APAC to any companies who are keen to embark the sustainable journey. Thank you for making the process seamless and enjoyable, and for providing exceptional service from start to finish.
From the very beginning of the process, EDPR's team displayed the utmost professionalism and knowledge in guiding me through the intricacies of installing solar panels. The team's commitment to sustainability and renewable energy was evident in every step of the journey, from the initial consultation to the final installation. The level of craftsmanship and attention to detail displayed by the team during the installation process was truly commendable. T
Since switching to solar power, we have experienced a significant reduction in our monthly utility bills, and the company is proud to know that we am contributing to a greener and more sustainable future. Not only have seen the financial benefits of going solar, but we are also doing our part in reducing the carbon footprint and protecting the environment for future generations.
EDPR demonstrated an unwavering commitment to excellence that exceeded all expectations.
The installation of a solar system on our building was not just a project; it was a transformational experience. EDPR dedicated professionals seamlessly navigated through every stage of the process, making the transition to solar energy an effortless and enlightening endeavor.
From the initial assessment to the final connection, their expertise and attention to detail were evident at every step, The comprehensive analysis they conducted ensured that our solar system was tailormade to suit our energy needs perfectly. The installation itself was executed with precision and care, reflecting their deep understanding of the technology and a genuine passion for their craft.
What is a Solar PPA model?
A Solar PPA (Power Purchase Agreement) is a service that allows a customer to install a solar system on their property without any upfront costs. Under this model, EDP installs the solar system on the customer’s property and owns and maintains the solar system, while the customer agrees to purchase the electricity generated by the solar system at a fixed price for a set period of time. It is also known as a solar leasing agreement.
What is a Solar VPPA model?
A Virtual Power Purchase Agreement (VPPA) is a flexible alternative to a traditional PPA, ideal for businesses that want to switch to renewable energy but lack the physical roof or ground space for an on-site installation.
Under this model, the solar system is not installed on your property. Instead, EDP develops, owns, and maintains a large-scale solar project off-site. Your business enters into a financial agreement to support the project at a fixed price. In return, you receive the associated Renewable Energy Certificates (RECs), allowing you to meet your corporate sustainability targets and secure long-term price stability without altering your existing facility or utility connections.
What are the benefits of a Solar PPA model?
The benefits of a Solar PPA model include: no upfront costs, lower electricity bills, reduced carbon footprint, long-term cost savings, fixed energy costs, and a hedge against rising electricity prices.
What are the benefits of a Solar VPPA model?
The benefits of a Solar VPPA model include: no physical space or roof requirements, zero on-site installation or maintenance, the ability to aggregate energy load across multiple regional facilities, a financial hedge against volatile wholesale electricity markets, and the acquisition of Renewable Energy Certificates (RECs) to meet corporate sustainability goals.
How long does a Solar PPA agreement last?
A typical Solar PPA agreement range between 10-25 years, depending on the terms of the agreement.
Who owns the solar panels under a Solar PPA model?
EDP owns the solar panels under a Solar PPA, as EDP is responsible for installing, operating and maintaining the respective solar system during the tenure of the Solar PPA.
Who is eligible for a Solar PPA model?
Any customer with a suitable roof or ground space for solar panel installations can be eligible for a solar PPA model. However, the specific requirements and eligibility criteria may vary depending on site conditions and local regulations.
What happens at the end of a Solar PPA agreement?
Depending on the terms of the agreement, at the end of a Solar PPA, the customer has the option to renew the agreement, remove the solar system or transfer the ownership of the solar system subject to mutually agreed terms.
What is the fixed price of a Solar PPA?
The fixed price of a Solar PPA varies depending on the size of the solar installation, the terms of the agreement, and the location of the customer.
Do I need to apply for any licenses or permits?
EDP will submit all necessary applications on behalf of the client.
What happens if the solar panels do not produce enough electricity?
EDP is responsible for operating and maintaining the solar panels and ensuring the performance of the system. If the solar panels are underperforming, the solar company may be required to take further maintenance actions.
Who does the maintenances of the Solar PV?
EDP will deploy a complete O&M regimen to maintain the solar PV system.
Is a Solar PPA the appropriate model for me?
Whether a solar PPA model is the right model for you depends on your specific situation, including your energy needs, location, and financial situation. It is recommended to consult with EDP to determine if a Solar PPA model is the best option for you. In alternative, a turn-key can be also considered depending.
Will the solar PV system damage my roof?
EDP will advise only to install solar PV on roofs that can withstand the load of the system.
What are RECs?
A Renewable Energy Certificate (REC) is a recognized market instrument that provides verifiable proof that your business is powered by renewable energy.
Because electricity from both renewable and conventional sources is indistinguishable once fed into the shared power grid, it is impossible to track the physical delivery of clean energy directly to your facility. RECs bridge this gap. For every megawatt-hour (MWh) of clean energy generated and added to the grid - such as through a Solar PPA or VPPA - one REC is issued.
By acquiring and retiring these certificates, your organization secures the exclusive rights to the environmental attributes of that power. This allows your business to credibly claim the use of green energy, reduce Scope 2 greenhouse gas emissions, and fulfill corporate ESG (Environmental, Social, and Governance) reporting requirements.