Solar Power Purchase Agreements (PPAs), sometimes described as solar leasing, is a type of zero upfront cost arrangement whereby a commercial property owner leases out their roof space to a solar panel company that will install and maintain a solar panel system on their roof over a longer duration. In exchange, the property owner is entitled to purchase solar electricity from the solar panel system at a significant discount, which can be as substantial as 50-70%, depending on the roof’s capacity.
Solar developers, also referred to as project developers or Independent Power Producers (IPP), are solar companies who finance, own and operate a solar project through a Power Purchase Agreement (PPA) model. These companies often partner with solar installers or Engineering, Procurement and Construction companies (EPCs) to install a solar project. They may also have their internal EPC arm to conduct installation and construction work.
Note: If you’re a landed homeowner or are planning to purchase your solar system upfront, take a look at our list of the top solar installers in Singapore instead.
PPAs for smaller commercial properties
Solar Power Purchase Agreements (PPAs) in Singapore are often only applicable for larger properties with available roof space of above 2,000 sqm (or a solar potential of >500 kWp), and remaining lease term of at least 20 years.
However, here at GetSolar we’re committed to making it as simple as possible for all property owners to get solar. Funded by ENGIE Group, one of the world’s largest renewable energy companies, GetSolar is now bringing zero upfront cost solar offers to all SMEs and business owners regardless of roof size, with contract terms as short as 5 years.
Get started with our instant solar assessment tool or click here to reach out to us on Whatsapp for a discussion.
Now, without further ado, let’s take a look at the top solar developers in Singapore, listed in no particular order.
1) GetSolar (Formerly Solar AI Technologies)
GetSolar’s mission is to make it as simple as possible for property owners to get solar. They’re the first (and only) in Singapore to offer zero upfront cost solar for all property owners regardless of size, even for commercial systems as small as 20 kWp (or 40 sqm of roof space), launched in 2022.
You can get started with getting an instant assessment for your roof, using their online solar simulator to get a preliminary quote within a minute and find out how much you can save with solar. The company has completed above 200 solar installations by 2023, with more than 100 residential and small commercial property owners signing on to its Rent-to-own solar plans in the first year of launch.
You can also talk to their in-house advisors on Whatsapp at +65 8779 6122, who can assist you with a free assessment and advise you on the different types of plans you may be eligible for. See their past projects and customer testimonials here.
Contact: +65 3138 6134 / +65 8779 6122
Email: sales@getsolar.ai
Address: 108 Pasir Panjang Road #01-02 Golden Agri Plaza, Singapore 118535
2) Engie
Engie South East Asia, the regional arm of listed French energy copmany Engie Group, comprises more than 2,000 employees across Singapore, Malaysia, Thailand and the Philippines. Engie is one of the global leaders specialised in the utilisation of solar technology to develop energy and smart solutions for customers worldwide.
In Southeast Asia, Engie has created an incredible green energy footprint with over 100 MWp of solar PV solutions completed and currently under construction. In Singapore, Engie has deployed at least 24.5 MWp of solar PV solutions from designing and constructing rooftop solar installations for clients including a university and government agencies.
Engie also has digital solutions to drive businesses in maximising their strategic energy priorities through combining renewable energy with digital technology. Some projects that deserve honourable mentions include one of Singapore’s biggest hospitals, KK Hospital and 2 international terminals in Singapore’s Changi Airport.
Contact: +65 6513 8288
Email: enquiry.seasg@engie.com
Address: 108 Pasir Panjang Road #05-04 Golden Agri Plaza Singapore 118535
3) Sembcorp Singapore
Sembcorp Singapore, one of the leaders in the energy and urban industry, aims to develop advanced energy solutions that provide value and sustainable development for the people. Sembcorp has an energy portfolio of 2,600 MWp of wind and solar projects across Singapore, India and China.
Besides being one of the main installers for the floating solar PV system on Tengah Reservoir, they have previously also signed Power Purchase Agreements (PPAs) with Singapore Airlines (SIA) and SIA Engineering Company (SIAEC) to fully install and operate solar PV panels on their rooftops. In Singapore, it is the largest solar energy project in the aviation sector with 8.2 MWp of solar PV capacity.
Contact: +65 6723 3113
Email: utilities@sembcorp.com
Address: 30 Hill Street #05-04 Singapore 179360
4) EDP Renewables
EDP Renewables, a Portuguese utilities company and a leading solar developer globally, acquired Sunseap in 2021 to hold an extensive portfolio of solar projects close to 2 GWp across Southeast Asia, Singapore and the Pacific region.
As of today, EDP Renewables has undertaken a plethora of solar projects, such as a rooftop solar system project for Ng Teng Fong Hospital, being the first to propose a solar energy solution in the healthcare industry in Singapore. They have also broken records by successfully completing a 9.5 MWp solar installation at Jurong Port, the world’s largest port-based solar energy generation facility.
Contact: +65 6816 1000
Address: 23 Rochester Park, #05-00, Singapore 139234
5) Total Energies
Total Solar, a French energy giant opened its Asia Pacific HQ in Singapore in 2019. Ever since it has been focusing on building its renewable energy business in Asia and is one of the leading solar service providers for commercial and industrial (C&I) sectors.
Total has deployed a 1.2 MWp system size on Total Lubricant’s blending plant in Tuas, aiming to utilise solar power to fulfil 35% of its energy needs. Another noteworthy project is a 543 kWp installation in Singapore’s biggest automobile hub, Carros.
Contact: +65 6879 2200
Address: 182 Cecil Street, #27-01 Frasers Tower, Singapore 069547
This article was first published on 9 December 2020 and last updated on 9 December 2023 to include latest information.
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