Corporate Power Purchase Agreements · Southeast Asia

IndustrialSolar Energy on Contract

Modern Solar Farms structures long-term, fixed-price solar electricity agreements for industrial and commercial buyers across Southeast Asia — combining rigorous commercial structuring with best-in-class renewable energy development to deliver bankable Corporate PPAs.

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Why Southeast Asia, Why Now

51^%

Thailand's renewable electricity target by 2037, enshrined in the draft Alternative Energy Development Plan 2024, with 43 GW of solar capacity planned — creating a multi-decade policy runway for long-term PPA commitments.

$33–75

Per MWh — the estimated LCOE range for new utility-scale solar in Thailand in 2024, against $79–86/MWh for new combined-cycle gas. Solar is already the cheapest new generation source in the region. (BloombergNEF, 2025)

CBAM

The EU Carbon Border Adjustment Mechanism is creating direct procurement pressure on Southeast Asian export manufacturers. Verified renewable energy is becoming a trade compliance issue — not only an ESG one.

Market Context

A Region Restructuring
How It Buys Energy.

Southeast Asia's industrial energy markets are undergoing a structural shift. Governments across the region are introducing frameworks that allow large electricity consumers to contract renewable power directly from producers — moving away from single-buyer utility models that have historically prevented corporate buyers from accessing competitive renewable pricing.

Thailand has approved a pilot framework enabling direct renewable energy procurement for qualifying large consumers. Malaysia's MESI 2.0 reforms introduced a third-party access code allowing industrial buyers to wheel renewable power through the national grid. Vietnam's direct PPA framework has been advancing under Decree 80/2024. The direction of travel is consistent across the region, even where individual frameworks remain at early stages of implementation.

Against this backdrop, the economics of solar generation in Southeast Asia are compelling. LCOE data from BloombergNEF places new utility-scale solar in Thailand at $33–75/MWh — structurally cheaper than new gas at $79–86/MWh and continuing to fall. The Asian Development Bank committed an $820 million loan package for Thai solar-plus-storage projects in late 2024, reflecting the bankability of well-structured projects in the region.

Demand is concrete. Export-oriented manufacturers face increasing pressure from the EU's Carbon Border Adjustment Mechanism on steel, cement, aluminium, and chemicals. Data centre operators expanding across the region require demonstrated renewable supply to meet parent company ESG commitments. Industrial estates are seeking verified clean energy to attract and retain multinational tenants with renewable procurement mandates.

Sources: BloombergNEF Thailand Net-Zero Power Grid Report, May 2025 · Asian Development Bank press release, 2024 · Thai draft AEDP 2024 · EU CBAM Regulation (EU) 2023/956 · Watson Farley & Williams Energy Law Review, 2024 · Hunton Andrews Kurth, Oct 2025

$33–75

LCOE per MWh, new Thai utility-scale solar — vs $79–86 for new gas (BNEF 2025)

43^GW

Thai solar capacity target by 2037 — draft Power Development Plan 2024

$820^M

ADB loan committed for Thai solar-plus-storage projects, late 2024

Southeast Asian markets advancing direct renewable energy procurement frameworks in 2024–25

Our Product

One Product.
The Corporate PPA.

A Corporate Power Purchase Agreement is a long-term, fixed-price contract for the supply of renewable electricity from a specified generation asset. It is the primary commercial structure used by industrial buyers globally to achieve electricity cost certainty and meet Scope 2 decarbonisation commitments with verifiable, auditable additionality.

Fixed Price, Long Term

Electricity costs are locked for 15 to 25 years, eliminating exposure to spot market volatility and grid tariff escalation. For energy-intensive manufacturers, a long-dated fixed price fundamentally changes the cost structure of the business.

Named Asset, Real Additionality

Each agreement is tied to a specific, identified solar farm. Each MWh consumed is matched to a renewable energy certificate issued from that asset — giving Scope 2 reporting and EU CBAM disclosure the auditable substance that generic certificates cannot provide.

Physical or Virtual Structure

Physical delivery for buyers with direct connection to a generation asset. Virtual (synthetic) structures for multi-site operations or buyers requiring financial settlement — both structures deliver equivalent renewable energy certificates and Scope 2 compliance.

Certificates Included

Every MWh is paired with a Guarantee of Origin or equivalent regional certificate, fully compatible with RE100 commitments, GHG Protocol Scope 2 market-based reporting, and EU CBAM disclosure requirements.

Agreement at a Glance

Minimum Tenor15 years

Maximum Tenor25 years

PricingFixed, indexed or floor/cap

DeliveryPhysical or virtual

Farm StructureShared pool or dedicated

CertificatesGoOs / RECs included

Focus RegionSoutheast Asia

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How It Works

From Enquiry to Live Supply

Needs Assessment

Share your annual electricity consumption, load profile, site locations across the region, and Scope 2 obligations. We assess whether a shared-pool or dedicated-farm PPA is appropriate for your volume — and advise on which local regulatory frameworks apply to your operations.

Structuring & Negotiation

Our commercial team works with your procurement and legal advisors on pricing structure, credit terms, contract mechanics, and certificate allocation. We engage our development partners on project sizing and site feasibility in parallel.

Construction & Live Supply

Agreement executed. Development partners commence site permitting and construction. Metering and settlement configured. Renewable energy certificates allocated. Clean electricity flows to your operations for the full term of the agreement.

Who We Work With

Built for High-Volume Buyers

Corporate PPAs are most valuable to organisations with large, predictable electricity loads and material Scope 2 reporting obligations. We work with buyers able to commit to a minimum 15-year term.

Industrial Manufacturers

Energy-intensive production facilities — automotive, chemicals, electronics — for whom long-term price certainty is operationally critical and CBAM compliance is a growing commercial requirement.

Data Centres

Hyperscale and colocation operators expanding across Southeast Asia, requiring demonstrated renewable supply to satisfy parent company RE100 commitments and ESG reporting requirements.

Industrial Estates

Estate operators and anchor tenants seeking estate-wide renewable procurement to retain multinational occupiers with corporate renewable energy mandates, and to qualify under evolving regional direct procurement frameworks.

Export Manufacturers

Businesses supplying CBAM-covered goods into the European Union — steel, cement, aluminium, fertilisers — for whom verified clean electricity is becoming a condition of continued market access, not a voluntary sustainability commitment.