Sembcorp Industries said on Friday that inked a deal to install, own and operate rooftop solar panels on top of two Singapore facilities owned by a large global provider of energy industry products and services.
The rooftop solar farm is expected to be one of Singapore’s largest, with a peak capacity of 6.2 megawatts, it said in a filing to SGX on Friday.
The solar farm will contribute to powering the on-site operations of the customer at the two locations, with surplus power channeled to the grid, it said. One of the two sites, in the Tuas area, will be the largest solar installation on a single rooftop in the city-state so far, with more than 12,700 panels for a peak capacity of 4.7 megawatts, it said.
The project is estimated to produce around 7,435 megawatt hours of power annually, which would be enough to power more than 1,500 four-room HDB flats for a year, the statement said.
“We are very pleased to sign this 25-year deal and welcome another new client for our solar power solutions that help companies save money and cut their carbon footprint. With this newest project, Sembcorp now has over 115 megawatts peak of solar power assets in operation and under development,” Neil McGregor, Sembcorp president and CEO, said in the statement.
“As we grow our solar portfolio here, Sembcorp is actively supporting Singapore in its goal of achieving 350 megawatts peak of solar power capacity by 2020,” he added.
Sembcorp said the renewable project would help avoid 3 million kilograms of carbon dioxide emissions a year, which is equivalent to taking around 680 cars off the road.
The company currently has 2,600 megawatts of wind and solar power projects across Singapore, China and India, and earlier this year, it outlined targets to double its renewable portfolio and reduce its carbon emission intensity by around 25 percent by 2022.