Keppel Infrastructure unit, Sabana Industrial REIT ink deal on sustainability solutions
Under the deal, PV solar panels will be installed in the REIT’s selected properties.
Keppel EaaS, a wholly-owned subsidiary of Keppel Infrastructure, has entered into agreements with Sabana Industrial REIT to provide sustainability solutions and initiatives across the latter’s selected portfolio properties.
Under the deal, Keppel EaaS will install photovoltaic solar panels (solar PVs) and electric vehicle (EV) charging stations in the selected properties of Sabana Industrial REIT.
In the initial phase of the deal, Keppel EaaS will install four “volt” EV charging stations at 151 Lorong Chuan. Keppel EaaS plans to complete the installation of the charging stations by H123.
The solar PVs, meanwhile, will be installed in the REIT’s properties at 10 Changi South Street 2, 34 Penjuru Lane, 3A Joo Koon Circle and 1 Tuas Avenue 4.
The target completion for 10 Changi South Street 2, 34 Penjuru Lane, and 3A Joo Koon Circle will be by the end of 3Q 2023, and 1H 2024 for 1 Tuas Avenue 4.
The solar PVs will have an installed capacity of 4.7 Megawatt peak (MWp) and can collectively produce over 5,700 Megawatt hours (MWh) per year, sufficient to power over 1,700 3-room HDB flats for a year.
“This is expected to reduce over 43,000 tonnes of carbon emissions over the project lifecycle of approximately 25 years for the four properties, equivalent to the carbon abatement of planting 30,000 trees,” the REIT said.
Sabana Industrial added that the Solar PVs will also enable the company “to benefit from lower energy consumption.”
Meanwhile, Sabana Industrial REIT and Keppel EaaS also signed a Sustainability Partnership MoU.
Under the terms of the MoU, the REIT will leverage Keppel EaaS’s Energy-as-a-Service (EaaS) to work towards becoming one of Singapore’s first Carbon Neutral Industrial REITs by 2040.
“As part of EaaS, the possible implementation of smart cooling with zero upfront capital expenditure is one such initiative under study by Keppel EaaS for selected REIT portfolio properties to reduce energy consumption and maintenance cost for the REIT,” Sabana Industrial said.
"This also includes the installation and operation of energy-efficient chiller systems, renewable energy certificates and green electricity supply over the long term with Keppel EaaS serving as the one-stop solutions provider,” the REIT added.