Aims Apac Reit, SP Group to install solar energy system at 6 properties
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AIMS Apac Real Estate Investment Trust (AA Reit) has partnered SP Group to install rooftop solar photovoltaic (PV) systems across 6 of its industrial, logistics and warehouse properties by December 2023.
A total of 20,157 rooftop solar panels spanning 5.2 hectares will be deployed and maintained by SP Group at the following AA Reit properties: 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 & 10 Pandan Crescent and 8 Tuas Avenue 20.
In a joint statement on Friday (Sep 16), AA Reit and SP Group said the combined solar PV system will have a total installed capacity of 10 megawatt-peak, making it one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.
It is estimated to produce a combined 14,500 megawatt-hours of energy per year, which is equivalent to powering 4,400 3-room HDB (Housing Board) flats. This will help avoid over 5,900 tonnes of carbon emissions a year and is equivalent to taking almost 6,490 cars off the road, said AA Reit and SP Group.
AA Reit will receive all renewable energy certificates (RECs) related to the green energy generated by the new system, which can be used to offset carbon emissions by the Reit as well as support its tenants in their emission reduction efforts.
Together with SP Group, the Reit is further exploring the feasibility of introducing more sustainable energy solutions to enhance the sustainability credentials in its Singapore portfolio.
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“We are also proactively reviewing our portfolio to identify measures and potential opportunities to reduce the brown energy consumption and carbon footprint across our properties,” said Russell Ng, chief executive of AA Reit’s manager.
Units of AA Reit closed S$0.01 or 0.7 per cent higher at S$1.36 on Thursday.
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