Frasers Property is partnering SP Group (SP) to install close to 4,500 square metres (sqm) of solar panels across seven of the Group’s retail and commercial properties in Singapore – the country’s largest single solarisation roll-out for retail malls to date.
A collaboration between Frasers Property and SP on energy-saving solutions, both parties inked a partnership agreement during a signing ceremony on Tuesday, 9 April 2024.
It will help Frasers Property on its net-zero carbon journey and is aligned with the spirit of the commitments made by over 100 countries, including Singapore, at the United Nations’ COP28 summit1 to triple renewable energy capacity globally by 2030. These initiatives in Singapore are also part of Frasers Property’s Group-wide ESG goal to install 215 MW of renewable energy capacity at its properties by 2030.
The solar panels are projected to generate about 920,000 kilowatt-hour (kWh) of electricity per year, equivalent to powering about 450 four-room Housing Development Board (HDB) flats. This works out to about S$220,000 worth of annual savings in energy costs and will reduce over 370 tonnes of carbon emissions yearly, similar to taking about 80 cars off the road. It will supply an average two per cent of the energy needs of the participating buildings.
With this latest initiative, Frasers Property will have a total of 14,250 sqm of solar panels across 10 of its owned or managed retail and commercial properties in Singapore. This would result in about 1.9 million kWh of electricity per year, equivalent to powering 935 four-room HDB flats.
SP will manage the design, supply, delivery, installation, testing and commissioning of the solar PV system at Frasers Property’s properties. To be completed by end-2024, the solar panel installation will be rolled out across seven properties — Alexandra Technopark, Causeway Point, Century Square, Hougang Mall, Northpoint City (North Wing), Tampines 1 and White Sands.
