Case Study – Power Purchase Agreements between Keppel DC REIT and Metlen Εnergy & Metals

Posted on 14 June 2024

Background

Challange

Our Solutions for Keppel DC REIT

As Keppel DC REIT’s trusted PPA advisor and PPA manager, RE24 is committed to help them reaching their net zero targets. We identified the opportunity to secure two solar PPAs for Keppel DC REIT with Metlen Εnergy & Metals from their upcoming solar farms. After demand and generation profile analysis, and high-level due diligence, we identified how the solar farms can further help Keppel’s net zero targets. We reviewed Irish electricity regulations and started working on delivering these solar PPAs. We identified 10-year pay-as-produced PPAs as the optimal approach.

RE24 facilitated the negotiation for Keppel DC REIT at various PPA stages. Similar to the previous PPA, we made sure, the data centre operator has the full transparency of PPA operations. We got Keppel DC REIT fully compliant with the regulatory requirements. We extended our services in tracking, performance monitoring, and managing the PPAs on behalf of them until 2033.

Wins for Keppel DC REIT

RE24, the green power behind AI, provides green energy for data centres. Contact us today to embark on your journey towards greener and more efficient data centre operations and expansion.

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