CapitaLand will partner with Sembcorp Industries to install about 21,240 rooftop solar panels atop six properties on the former’s business space and industrial REIT, Ascendas REIT.

The properties are namely 1 Changi Business Park Avenue 1, 9 Changi South Street 3, 2 Senoko South Road, 40 Penjuru Lane, Techpoint and LogisTech.

These solar panels can collectively generate around 10,292 megawatt hours of energy annually, equivalent to powering about 2,300 four-room HDB flats each year.

There is no installation cost incurred by CapitaLand for the project.

“Following CapitaLand’s recent integration with Ascendas-Singbridge, we can now leverage a wider network of properties to contribute meaningfully towards sustainability,'' said Lynette Leong, chief sustainability officer for the CapitaLand Group.

“We are also exploring the use of renewable energy certificates resulting from the excess energy generated by the solar panels installed at the six properties to offset the carbon emissions from CapitaLand’s corporate operations at its Singapore headquarters in Capital Tower and Galaxis”, she said.

“We will further review opportunities within our enlarged global portfolio to deploy clean energy technologies to power our real estate operations”, Leong added.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.