MRE has broken ground on a new 1,200kWp PV project in Singapore

In April 2021, MRE has broken ground on a new 1,200kWp PV project in Singapore which will provide sustainable power to one of the biggest packaging solution providers in Singapore.


MRE has commissioned its latest solar 451kWp PV project in Singapore

In January 2021, MRE has commissioned its latest solar 451kWp PV project in Singapore on the facility rooftop of a leading architectural glass processor in the Tuas area of Singapore.


Singapore Project VII

Maiora’s latest client is a dynamic, one-stop glass processor that customizes architectural glass products through high-tech processes. They have grown to a significant player in the glass processing industry since the company’s establishment in 2002. Recognizing the significant energy consumption of their company activites, they have made the proactive decision to install a solar PV system on their facility rooftop. The solar PV system helps to decrease the power grid electricity consumption by over 30%.

System Size 451kWp Solar PV System
No. of PV Modules 1,002 Trina Solar Tallmax Mono 450Wp
No. of Inverters 4x Huawei SUN2000-100KTL
Annual Energy Yield 577,300kWh per annum
Estimated CO2 Saving 237 Metric Tonnes per annum

Singapore Project VI

Maiora is proud to welcome a Singapore metal materials supplier into our continuously growing list of Singapore clients. The client is a renowned manufacturer of high-quality steel and non-steel building solutions, providing a comprehensive range of products and turnkey solutions. They are affiliated with established and reputed companies such as Germany’s, Kalzip GmbH and Fischer Profil GmbH, and Taiwan’s Yieh Phui Enterprise. A huge number of 1,360 solar panels will help to make the clients facility a net generating facility which will export excess solar energy to the power grid.

System Size 350kWp Solar PV System
No. of PV Modules 876 Trina Solar Tallmax Mono 400Wp
No. of Inverters 3x Huawei SUN2000-100KTL
Annual Energy Yield 448,000kWh per annum
Estimated CO2 Saving 184 Metric Tonnes per annum

Singapore Project V

We are excited to introduce a new client to our list of Singapore clients. The client is an established player and striving to be a market leader in industrial Timber production, providing customized fabrication of wood packaging and logistics solutions. Recognizing that wood is at the centre of their company activities, they take a keen interest in working with strategic partners towards preserving the natural habitat for the generations to come. A huge number of 1,360 solar panels help to make the clients facility a net generating facility which exports excess solar energy to the power grid.

System Size 369kWp Solar PV System
No. of PV Modules 900 Trina Solar Tallmax Mono 410Wp
No. of Inverters 4x Huawei SUN2000-60KTL/100KTL
Annual Energy Yield 472,000kWh per annum
Estimated CO2 Saving 194 Metric Tonnes per annum

Clay Kinney

Director

Clay is a Founding Partner of MAIORA and a member of the Investment Committee. He focuses primarily on renewables and financings. In our first fund, he headed up MAIORA`s Japan entity, focusing primarily on Japan Solar and Mezzanine financing opportunities. Prior to MAIORA, Clay was the Head of Structured Finance at Deutsche Bank in Tokyo. He has as over 20 years of financial industry experience, spanning debt financing, equity issuance, M&A, and complex tax structuring, working for global financial institutions including Goldman Sachs, UBS, and PricewaterhouseCoopers. Clay sits on the Board of Directors for the Enex Infrastructure Investment Corp (9286.T)


David Payne

Chief Financial Officer    

David is the CFO of Maiora Renewables Energy. David has over 25 years of investment banking experience to MD level, having previously worked at UBS, Merrill Lynch, Citi and Deutsche Bank.  David spent much of his investment banking career in management and COO roles for Markets businesses in London, Hong Kong and Japan and was recently Head of Business Control and Surveillance.  David holds an MA in Economics and is a qualified chartered accountant.  David worked at PWC prior to his investment banking career. 


Singapore Project IV

A Singapore logistics company has newly been signed up as a highly appreciated client who will enjoy significant electricity cost savings through Maiora Renewable Energy’s solar leasing arrangement. The client is a logistics solution provider providing services to the marine, oil and gas, and coal industries in Singapore and Indonesia with a local facility in Balikpapan, Indonesia. More than 1,050 solar panels will be installed by May 2020 to generate over 550MWh of sustainable solar energy every year.

System Size 433kWp Solar PV System
No. of PV Modules 1,056 Trina Solar Tallmax Mono 410Wp
No. of Inverters 6x60kW Huawei SUN2000-60KTL
Annual Energy Yield 554,200kWh per annum
Estimated CO2 Saving 244 Metric Tonnes per annum

Singapore Project III

Maiora is proud to welcome a Singapore metal materials supplier into our continuously growing list of Singapore clients. The client is a renowned manufacturer of high-quality steel and non-steel building solutions, providing a comprehensive range of products and turnkey solutions. They are affiliated with established and reputed companies such as Germany’s, Kalzip GmbH and Fischer Profil GmbH, and Taiwan’s Yieh Phui Enterprise. A huge number of 1,360 solar panels will help to make the clients facility a net generating facility which will export excess solar energy to the power grid.

System Size 554kWp Solar PV System
No. of PV Modules 1,368 Trina Solar Tallmax Mono 405Wp
No. of Inverters 8x60kW Huawei SUN2000-60KTL
Annual Energy Yield 709,100kWh per annum
Estimated CO2 Saving 313 Metric Tonnes per annum

Singapore Project II

Maiora Renewable Energy is excited to work with a Singaporean Marine Supply Company to supply sustainable solar energy to its new facility in the West of Singapore. The client is acknowledged as an established distributor and exporter, servicing the marine, off-shore and oil and gas industries in Singapore and the global market. Over 850 solar panels have been installed through which the facility is powered almost solely with solar energy.

System Size 350kWp Solar PV System
No. of PV Modules 875 Trina Solar Tallmax Mono 400Wp
No. of Inverters 7x60kW Huawei SUN2000-60KTL
Annual Energy Yield 437,500kWh per annum
Estimated CO2 Saving 193 Metric Tonnes per annum

Singapore Project I

Maiora Renewable Energy has completed the installation of its rooftop solar project with a major waste management service provider in Singapore. The PV system comprises of 1,216 x 375Watt solar panels installed over 4,400sqm of roof space. Maiora’s 456 kWp installation is estimated to generate around 582,000kWh per year and saving the client over $125,000 per year in electricity bills. The Solar PV system is designed with full compliance to relevant regulations in Singapore, including SCDF and the Energy Market Authority.

System Size 456kWp Solar PV System
No. of PV Modules 1,216 Jinko JKM375M72 Module
No. of Inverters 7x60kW Huawei SUN2000-60KTL-MO
Annual Energy Yield 682,000kWh per annum
Estimated CO2 Saving 301 Metric Tonnes per annum

Philippines Project II

Maiora Renewable Energy has signed a rooftop solar lease agreement with a leading provider of logistics, storage and distribution solutions, with a network of cold chain facilities. The company services the food and manufacturing sector. Efficiency, health and safety, as well as care for the environment are primary commitments of the company.​ A total of 2,805 PV modules have been installed across 4 different facilities with a combined capacity of over 1,094kWp.

System Size 1,094kWp Solar PV System
No. of PV Modules 2,805 Jinko Solar Mono 390Wp
No. of Inverters 14x Growatt MAX 60/70/80KTL3
Annual Energy Yield 1,395,000kWh per annum
Estimated CO2 Saving 1,073 Metric Tonnes per annum

Philippines Project I

Maiora Renewable Energy has signed a rooftop solar lease agreement with a significant manufacturer in the Philippines. The system design comprises of 1,326 x 385Watt solar panels situated across approximately 4000 sq.m of roof space. Maiora’s 510 kW installation is estimated to generate around 650,000kWh per annum based on historical climate data and saving the client over $125,000 per year in electricity bills. Maiora made sure that the project strictly followed the Philippine Electric Code guidelines for the connection of Embedded Generation within distribution networks. 

System Design

System Size 510kWp Solar PV System
No. of PVModules 1,326 Jinko JKM385M72 Module
No. of Inverters 9x60kW Huawei SUN2000-60KTL-M0
Annual Energy Yield 650,000kWh per annum
Estimated CO2 Saving 500 Meteric Tons per annum

Japan Project III

CHERRY LAKE 98.12 MWdc

TIMELINE : Developed from greenfield to COD

2014 : Applied for and received a 70 MWac 32 JPY Feed-in-Tariff

2015 & 2016 : Acquired the golf course through a bankruptcy proceeding and shut it down.  Designed and engineered plant and acquired  necessary development permits.

2017 : EPC & Financing contracts negotiated, project achieves NTP

2019 : Project reaches COD and begins selling power under the FIT. Project sold to Itochu-Enex 

Plant details:

  • Photovoltaic module: Jinko Solar PC05A – 265 W
  • Converter: ABB PVS800-57-1000 kW
  • AC/DC power capacity: 70 MWac / 98.12 MWdc
  • Number of modules: 370,280 Units
  • Number of stations: 35 x (2 x 1000 kW) stations
  • Feed in Tariff: 32 JPY/KWh
  • EPC Contractor: Maetel - ACS Group

Japan Project II

HOKOTA 21.52 MWdc

TIMELINE : Developed from greenfield to COD

2014 : Acquired the FIT from a 3rd party.  Secured all the land necessary for the project through leases and purchase.

2015 : Permitted the project for construction.  

2016 : EPC & Financing contracts negotiated, project achieves NTP

2017 : Project reaches COD and begins selling power under the FIT

2018 : Project sold to Itochu-Enex 

Plant details:

  • Photovoltaic module: Jinko Solar – 265 W
  • Converter: ABB PVS800-57-1000 kW
  • AC/DC power capacity: 20 MWac / 21.52 MWdc
  • Number of modules: 81,200 Units
  • Number of stations: 10 x (2 x 1000 kW) stations
  • Feed in Tariff: 36 JPY/KWh
  • EPC Contractor: Maetel – ACS Group