Alexandra Technopark (Clockwise from top left), Hougang Mall, White Sands and Northpoint City are among the seven properties that will have solar panels installed. (Image: Frasers Property)
Frasers Property is collaborating with SP Group to install nearly 4,500 square meters of solar panels across seven of its retail and commercial properties in Singapore. This is the largest single solarization rollout for retail malls in the country and is scheduled to be completed by the end of this year.
According to Frasers Property's news release, the two firms signed an agreement during a signing ceremony on April 9. SP Group will install the solar panels at Alexandra Technopark, Causeway Point, Century Square, Hougang Mall, Northpoint City, Tampines, and White Sands.
SP Group will also be responsible for the design, supply, delivery, testing and commissioning of the solar PV system.
Frasers Property said the solar panels are projected to produce about 920,000 kWh of electricity every year.
This is equivalent to powering approximately 450 four-room Housing Development Board (HDB) flats and results in about S$220,000 in annual savings in energy costs.
(Photo: Frasers Property)
The electricity generated will meet an average of 2% of the energy needs of the participating buildings and result in a reduction of over 370 tons of carbon emissions each year, which equivalent to removing 80 cars from the roads.
After the completion of the rollout, Frasers Property will have a total of 14,250 square meters of solar panels installed across 10 of its owned or managed retail and commercial properties in Singapore.
This would generate about 1.9 million kWh of electricity annually, which is enough to power 935 four-room HDB flats.
The latest initiative will assist Frasers Property in its journey towards net-zero, according to Frasers Property Singapore's CEO, Soon Su Lin. Soon also mentioned that it "is aligned with the nation’s solar power deployment goal of at least 2,000 MWp by 2030".
