Source: businesstimes.com.sg
The Energy Market Authority (EMA) and JTC have awarded Keppel Infrastructure’s wholly-owned subsidiary a grant to pilot a new membrane-based nearshore floating solar photovoltaic (PV) system on Jurong Island.
The membrane-based system is able to withstand stronger waves and rougher sea conditions than conventional floating PV systems – which are typically placed in calmer water bodies like reservoirs, Keppel Corp said in a press statement on Friday (Jul 15).
The pilot PV system comprises 3 circular platforms which will have an installed capacity of 1.5 megawatt-peak when deployed in seawater surrounding Jurong Island.
The circular-reinforced membranes for the solar panels also mean the material usage of any floating PV system is low, resulting in a lower levelised cost of energy and resource conservation.
The award is part of EMA and JTC’s request for proposals to accelerate the development of clean energy innovations for implementation on the island. The projects will be funded by a S$6 million joint commitment from both EMA and JTC, with support from Enterprise Singapore.
Keppel expects the PV system to be ready in the fourth quarter of 2023. The group does not expect the transaction to have any material impact on its earnings per share and net tangible asset per share for the current financial year.
