13 June 2018
Singapore, 13 June 2018 – Senoko Energy, Singapore’s largest power generation company by installed capacity, today announced the launch of its first solar energy project – a rooftop installation for mobility technology company Continental Automotive Singapore Pte Ltd.
The solar panels are installed on three office buildings of Continental Automotive Singapore, with the capacity to create more than 500 megawatt hours of electricity a year.
In a turn-key project, Senoko Energy designed, financed, constructed and operates the solar panels, while Continental Automotive Singapore purchases the electricity generated by the solar panels.
With solar energy being up to 15 per cent cheaper in unit price as compared to electricity from
the grid, this new source of solar energy is set to help Continental Automotive Singapore save significantly on energy costs and reduce its carbon footprint.
This project is the first of its kind for Senoko Energy, which is part of the company’s strategy to provide innovative and environmentally friendly solutions to meet the changing needs of customers.
Senoko Energy’s New Energy Solutions Acting Head Richard Weller said, “As Singapore looks to increase its energy security and efficiency, demand for renewable energy is growing, with the private sector doubling its solar installations since 2015. “We expect this growth to accelerate, as the costs of solar continue to come down, while awareness increases among businesses. In response, we are growing our new energy solutions portfolio to help better meet customers’ evolving demand. We intend to keep growing our solar capacity through 2018 and beyond.”
Senoko Energy’s President & CEO, Mr Bernard Esselinckx said, “Building on the success of this first rooftop installation, Senoko Energy is looking to develop more solar projects and smart energy solutions. These include energy management initiatives such as tenant metering and smart home solutions, which have seen a significant rise in demand.
He added, “Senoko Energy is committed to building a sustainable future for Singapore, through eco-friendly and innovative solutions that help businesses and households to reduce their carbon footprint.”
About Senoko Energy
Senoko Energy Pte Ltd provides energy for life to generations of Singaporeans, delivering safe, innovative, and efficient energy supply to customers since 1977. Integral to Singapore’s development, it is a pioneer in power generation and energy solutions, serving Singapore’s energy needs with proven reliable performance. As one of the largest power generation companies by installed capacity in Singapore, Senoko Energy has a registered capacity of 2,644 megawatts (MW), providing about one-fifth of the nation’s electricity needs. It is owned by a consortium comprising Marubeni Corporation, ENGIE, The Kansai Electric Power Co. Inc., Kyushu Electric Power Co. Inc. and Japan Bank for International Cooperation. Visit www.senokoenergy.com for more information.