Singapore’s Nanyang Technological University is investing S$5.7 million to improve solar energy generation as part of the university’s commitment to combating climate change. More than 13,000 new solar photovoltaic (PV) panels will be installed as part of this program on the NTU Smart Campus. This will be added to the University’s current 19,000 solar panels, which were installed in 2015. These solar PV panels take in solar energy from the sun and transform it into electricity, which is utilized to run the NTU building and its facilities.
By the time it is finished in the last quarter of 2023, the campus-wide solar PV system will produce 74 percent more solar energy than it does now. As a result, the University will be able to produce 11.8 million kWh of clean energy each year, which is enough to power more than 5,300 two-room HDB apartments for a full year.
More solar energy could reduce the NTU campus’s annual CO2 emissions by 4,800 tonnes because all of the campus’s buildings and amenities are currently only partially powered by solar-generated electricity.
The program builds on NTU’s dedication to environmental sustainability, which is emphasized in the university’s five-year strategic plan, NTU2025. The NTU sustainability-linked bond, which was introduced in October 2021 and supports the University’s broad business and sustainability goals and initiatives in line with its Sustainability Manifesto, is funding this initiative, however.
Additionally, it supports the Singapore Green Plan’s target of tripling the use of solar energy in the nation by 2030.