SP Group is partnering AIMS APAC REIT (AA REIT) to install rooftop solar PV system across six of AA REIT’s industrial, logistics and warehouse properties in Singapore by December 2023. The six properties are 20 Gul Way, 27 Penjuru Lane, 30 Tuas West Road, 103 Defu Lane, 8 & 10 Pandan Crescent and 8 Tuas Avenue 20. The 10.8 Megawatt-peak (MWp) combined solar PV system will be one of the largest rooftop solar installations by any Singapore-listed real estate investment trust.
To be deployed and maintained by SP, the 20,157 rooftop solar panels will span across 5.2 hectares and can collectively produce 14,500 Megawatt-hours (MWh) of energy per year which is equivalent to powering 4,400 three-room Housing & Development Board (HDB) flats each year. 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.
The solar energy generated from the combined rooftop solar PV system is recognised as a renewable energy source and AA REIT will receive all the renewable energy certificates (RECs) associated with the green energy generated. These RECs can be used to offset carbon emissions by AA REIT as well as support its tenants in their emission reduction efforts.
In addition, both companies will also exploring the feasibility of introducing more sustainable energy solutions to enhance the sustainability credentials in AA REIT's Singapore portfolio.