Sembcorp Industries has won a 60 megawatt-peak (MWp) solar energy project by the Housing Development Board (HDB) and the Singapore Economic Development Board (EDB), the company announced in a press release dated March 12.
The contract follows another solar energy project it was awarded by JTC Corporation earlier this year for a 17.4MWp solar system on 48 JTC buildings.
Sembcorp has won solar energy projects totalling 82MWp year-to-date, including the projects from HDB and JTC. Overall, Sembcorp’s portfolio in Singapore has now grown to 362.3MWp2 of solar power capacity in operation and under development.
For the new project awarded by HDB, Sembcorp will build, own, operate and maintain grid-tied rooftop solar systems across 1,154 HDB blocks and 46 government sites in Singapore. Sembcorp states that the project will generate enough energy to power 16,000 four-room HDB flats for a year and offset about 32 kilotonnes of carbon emissions annually – equivalent to taking approximately 7,000 cars off the roads.
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It is the second project Sembcorp has won under HDB’s SolarNova programme. Currently, Sembcorp already operates solar energy systems across 618 HDB blocks and 26 government sites.
Koh Chiap Khiong, Sembcorp’s CEO of Singapore, Southeast Asia & China, says the company is grateful to work with HDB and EDB.
“This award is testament to our focused strategy to grow our renewable energy portfolio. With our international track record, we are well-positioned and committed to support Singapore’s Green Plan, and to serve the nation with clean energy,” he says.
The company states that the solar projects are not expected to have a material impact on Sembcorp’s earnings for FY2021 ending December 2021.
Shares in Sembcorp closed 1 cent of 0.55% lower at $1.81 on March 11.
