This is Sembcorp’s second rooftop solar energy deal to serve the aerospace and aviation industry in Singapore.
Both photovoltaic systems will be built, owned, operated and maintained by Sembcorp and have a combined capacity of 4.1 megawatts. Construction for the Changi and Seletar rooftop solar systems will begin this month, and is targeted to be completed by February 2018 and April 2018 respectively. These solar energy systems will supply renewable power directly to the ST Aerospace facilities. The combined project cost for the two systems of approximately S$5.4 million will be funded internally.
Neil McGregor, Group President and CEO of Sembcorp Industries, said, “Sembcorp is honoured to be named the green energy partner of ST Aerospace, which is the largest airframe maintenance company in the world. With Sembcorp’s new photovoltaic systems, ST Aerospace’s facilities will be powered by renewables and will reduce their carbon footprint.
“This project strengthens our track record in solar power for the aerospace and aviation industry. It also adds to our renewable energy portfolio and demonstrates Sembcorp’s commitment to greener energy for Singapore, as we progress towards an open electricity market.”
The ST Aerospace rooftop solar energy project is Sembcorp’s fourth such project, and its second to serve a client in the aerospace and aviation industry here. It follows the announcement of similar solar energy projects at two airfreight terminals at Singapore’s Changi Airport, as well as at the premises of Asia Pacific Breweries Singapore and Stolthaven Singapore. Globally, Sembcorp has over 2,000 megawatts of renewable energy and energy-from-waste capacity. This includes wind and solar power, as well as and biomass and energy-from-waste assets in Singapore, China, India and the UK.
This project is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the financial year ending December 31, 2017.
