Keppel Data Center REIT: GlobalFoundries signs multi-year PPA with Keppel

Jan 11, 2024 | Posted by Abdul-Rahman Oladimeji

GlobalFoundries has signed a multi-year 150MW Power Purchase Agreement with Keppel to procure renewable energy for the chip manufacturer’s Singapore site. Following this agreement, Keppel will provide GlobalFoundries with between 150 and 180MW of energy from May 2024.

The companies said in a joint statement, "GlobalFoundries is expected to contract about 25 percent of KSC's total generation capacity for more than 15 years when the plant is operational. 

Tan Yew Kong, SVP and GM at GlobalFoundries’ Singapore site. “We are delighted to begin our partnership with Keppel. We are confident that this partnership will help us ensure stable energy availability and maintain our competitive advantage, as we continue to deliver on our commitments to meet the demand for GF-manufactured essential chips.”

He added, “Environmental performance is built into our Singapore facility, and we take a long-term perspective to integrate resource-efficient systems and processes into our operations. As more options for renewable energy become available in the future, we are committed to adopting more solutions to further decarbonize electricity generation, as well as invest in the necessary infrastructure to execute on our global Journey to zero carbon strategy.”