SINGAPORE (Sept 18): Sembcorp Industries has signed a long-term solar energy deal with US social media giant Facebook.

Under the deal, Sembcorp will help provide locally-sourced renewable power to support Facebook’s recently announced 170,000 sqm Singapore data centre, as well as its other Singapore operations, over the next 20 years.

Sembcorp is a homegrown Singapore power player and has one of Singapore’s largest solar power portfolios.

Sembcorp will serve Facebook’s renewable energy needs through offsite solar panels totalling 50 MWp in capacity. These panels will be installed on close to 900 rooftops in the land-scarce island state, between the end of this year and 2020.

Sembcorp has been steadily growing its renewable energy business, and now has over 2,500 megawatts of wind and solar power projects across Singapore, China and India. Earlier this year the company announced ambitious targets to double its renewables portfolio and reduce its carbon intensity by around 25% by 2022.

This contract involves the sale of 100% of the renewable energy attributes from the surplus power generated by Sembcorp’s 50 MWp of solar panels.

The sales will commence in tandem with the installation of the rooftop panels between end-2018 and 2020.

The contract is not expected to have a material impact on the earnings per share and net asset value of Sembcorp Industries for the financial year ending December 31.

Shares in Sembcorp closed 3 cents lower at $2.86 on Monday.