CapitaLand to Install 6 Rooftop Solar Plants in Singapore

CapitaLand will partner with Sembcorp Industries to install about 21,240 rooftop solar panels atop six of its properties by end 2019. The installation will form the largest combined rooftop solar facility in Singapore by a real estate company. These solar farms can collectively generate around 10,292 megawatt-hours of energy. annually, equivalent to powering about 2,300 four-room Housing & Development Board. (HDB) flats each year. The six CapitaLand properties to install the solar panels are Changi Business Park Avenue, Changi South Street, Senoko South Road, Penjuru Lane, Techpoint and LogisTech. The properties are held under CapitaLand’s business space and industrial real estate investment trust (Reit), Ascendas Reit. The energy generated through this renewable source will significantly lower the real estate agency’s carbon footprint. The combined rooftop solar facility will avoid over 4.3 million kg 2 of carbon emissions each year. These latest efforts will also bring the Group closer to its new sustainability targets to generate at least 20% energy consumption from renewable energy for its enlarged global portfolio by 2025. Furthermore, there is no installation cost incurred by the Group, making this initiative a good business case for sustainability