Sabana REIT partners Keppel EaaS to build EV charging, solar panels in its properties

Sabana Industrial REIT and Keppel Energy-as-a-Service (EaaS) have signed a sustainability partnership memorandum of understanding (MOU) to become one of Singapore’s first carbon-neutral industrial REITs by 2040. This may include the “possible implementation of smart cooling with zero upfront capital expenditure” to reduce energy consumption and maintenance costs.

Furthermore, Keppel EaaS will install electric vehicle (EV) charging and solar photovoltaic cells (PVs) in the REIT’s properties. There will be four Volt EV charging stations installed at 151 Lorong Chuan (New Tech Park), which will be open to tenants and the public. The charging stations are scheduled for completion within 1H2023.

In addition, the solar PVs will be deployed and maintained by Keppel EaaS across four of Sabana REIT’s properties. These projects will be completed by end 3Q2023 for 10 Changi South Street 2, 34 Penjuru Lane, 3A Joo Koon Circle, and 1 Tuas Avenue 4 by 1H2024. The solar PVs will have an installed capacity of 4.7 megawatt peak (MWp) and are able to collectively produce over 5,700 megawatt hours (MWh) per year, capable of powering over 1,700 three-room HDB flats for a year. This is expected to reduce over 43,000 tonnes of emissions over the project lifecycle of approximately 25 years, equivalent to the carbon abatement of planting 30,000 trees.

The REIT will also benefit from lower energy consumption as the solar PVs will be installed and operated by Keppel EaaS. This partnership is also set to incorporate energy-efficient chiller systems, renewable energy certificates and green electricity supply.

Keppel EaaS and Sabana Industrial REIT’s collaboration is set to be an important step in achieving Singapore’s pledge to become a carbon neutral city by 2050. The MOU aims to achieve this through smart cooling, zero upfront capital expenditure to reduce the REIT’s energy consumption and maintenance costs, as well as renewable energy certificates and green electricity supply.