GlobalFoundries is expected to contract around 25% of the upcoming Keppel Sakra Cogen Plant’s total generation capacity for more than 15 years when the plant, Singapore’s first energy-efficient and hydrogen-ready combined cycle power plant, becomes operational.
Nasdaq-listed chipmaker GlobalFoundries will become a long-term off-taker of electricity from the new Keppel Sakra Cogen Plant after signing a power purchase agreement with Keppel (SGX:BN4
) for the provision of electricity at its Singapore site on Jan 9.
The multi-year agreement, which is expected to commence on May 1, will see Keppel provide 150 to 180 megawatts (MW) of electricity each year to power GlobalFoundries’ Singapore operations, as its campus continues to ramp production following the launch of its latest Singapore Expansion facility in Sept 2023.
