KEPPEL Land (KepLand) has started to purchase renewable solar energy from Keppel Electric to power KepLand's corporate office at Bugis Junction Towers, according to an announcement on Monday after the market closed.
The renewable energy is harvested from solar panels installed in premises operated by Keppel Infrastructure. It is then transferred to KepLand.
This is the first time that a Green Mark-certified office in Singapore is using renewable energy generated offsite to fully power its operations. KepLand has set a goal of reducing its carbon emission intensity by 16 per cent below 2010 levels by 2020. The company estimated that this will translate into potential cumulative savings of S$12.4 million to 2020.
The National University of Singapore's Solar Energy Research Institute of Singapore will provide regular independent audits of the amount harvested from Keppel Instrastructure's premises and the energy consumption of KepLand's corporate office.
Ong Tiong Guan, chief executive of Keppel Infrastructure, said the arrangement with KepLand could provide a model for future agreements: "By sharing green resources within the Keppel Group, we were able to collectively fulfil the group's sustainability aspirations. Keppel Electric will consider rolling this out for other customers with similar aspirations and expand our product offerings."