Peak Energy Acquires Solar Rooftop Project in Singapore, Enters into Long-Term Virtual Power Purchase Agreement with Arkema [Yahoo! Finance]
ARKEMA S/ADR (ARKAY)
NASDAQ:AMEX Investor Relations:
arkema.com/en/investor-relations
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Source: Yahoo! Finance
producer with operations across Asia , has acquired a 1MW solar rooftop installation in Singapore , further expanding its renewable energy portfolio. Peak Energy's Singapore-based rooftop solar system that generates around 1 GWh of clean energy annually for Arkema. In parallel, Peak Energy has entered into a Virtual Power Purchase Agreement (vPPA) contract with Arkema Pte Ltd. ("Arkema"), a global leader in specialty 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% 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 in the Asia Pacific region in general, focusin
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