Donald Han, CEO of the manager of Sabana Industrial REIT; and Lim Yong Wei, general manager of Keppel EaaS, at the signing of the MOU. Photo: Sabana REIT, Keppel EaaS
SINGAPORE (EDGEPROP) - Sabana Industrial REIT has entered into agreements with Keppel Energy-as-a-Service (EaaS), a wholly owned subsidiary of Keppel Infrastructure, to implement electric vehicle (EV) charging and solar photovoltaic cells (PVs) in the REIT’s properties.
Under the initial phase, four Volt EV charging stations will be installed at the REIT’s property at 151 Lorong Chuan, also known as New Tech Park.
The charging stations, which will be open to tenants and the public, are targeted for completion within 1H2023, according to a joint press release on March 30.
Keppel EaaS will also install solar PVs across four of Sabana REIT’s properties: 10 Changi South Street 2, 34 Penjuru Lane, 3A Joo Koon Circle and 1 Tuas Avenue 4. The target completion for the former three properties will be by end 3Q2023, while the latter project will be complete around 1H2024.
The solar PVs, which will be deployed and maintained by Keppel EaaS, will have an installed capacity of 4.7 megawatt peak (MWp) and are able to collectively produce over 5,700 megawatt hours (MWh) per year, sufficient to power over 1,700 three-room HDB flats for a year.
This is expected to reduce over 43,000 tonnes of emissions over the project lifecycle of approximately 25 years for the four properties, equivalent to the carbon abatement of planting 30,000 trees, say the two companies. “The solar PVs will also enable the REIT to benefit from lower energy consumption.”
In addition, Sabana Industrial REIT and Keppel EaaS have signed a sustainability partnership memorandum of understanding (MOU).
Under the MOU, the REIT will leverage Keppel EaaS to work towards becoming one of Singapore’s first carbon-neutral industrial REITs by 2040.
This may include the “possible implementation of smart cooling with zero upfront capital expenditure” to reduce energy consumption and maintenance cost for the REIT. 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.
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