Under the agreement, Peak Energy will design, finance, build, own and operate an approximately 900 kWp onsite solar installation at SIM’s campus on ClementiRoad, Singapore. The system is expected to generate approximately 1,100 MWh of clean energy annually, with SIM securing solar power at a rate at least 45% lower than SIM’s prevailing electricity prices.

The project is structured as a 14-year power purchase agreement (PPA), underwhich SIM will purchase solar power generated onsite at a competitive rate, withno upfront capital investment required. Peak Energy will retain responsibility for theinstallation, ongoing operations and maintenance of the system throughout thecontract term.

Businesses and institutions in Singapore are facing some of the most expensivepower prices in the region, a position under further strain from rapid growth in datacenters and AI-driven electricity demand across the region. That pressure hasbeen compounded by the country’s heavy reliance on imported gas for powergeneration, with recent disruption to global LNG supply linked to the conflict in Iranadding further volatility to energy prices. Against this backdrop of structurally risingand increasingly unpredictable energy costs, SIM’s move to lock in a long-termsolar agreement offers a rare source of price certainty, in addition to SIM seeing itas a source of green and renewable energy as part of its sustainability drive.

The agreement reflects a broader shift among Singapore’s education andinstitutional operators to reduce exposure to grid electricity and lower theirenvironmental footprint, as onsite solar becomes an increasingly viable option for campuses with substantial rooftop capacity.

“Sustainability is increasingly part of how we think and operate, and how weprepare our learners for the future. This agreement is a discernable step in thatdirection: bringing onsite solar to our Clementi Road campus reduces ourenvironmental footprint and helps us play a part in Singapore’s sustainability drive.We are pleased to partner with Peak Energy on this journey,” said Vincent Siow,Senior Lead/M&E – Campus Infra & Services, Singapore Institute of Management.

“This partnership reflects the growing recognition Peak Energy has built inSingapore, both on the technical delivery side and in the financial strength webring to long-term energy infrastructure. At a time when energy markets remainunbalanced and costs unpredictable, we’re able to give an institution like SIM aclear, structural way to unlock significant cost savings while securing reliablepower for the long term,” said Gavin Adda, CEO of Peak Energy.