In a significant move towards sustainable energy adoption, Frasers Property is set to install solar panels across six shopping malls in Singapore by the end of 2024. This initiative marks the largest deployment of solar panels in the country’s shopping mall sector.
Singapore’s Largest Solar Panel Installation for Shopping Malls
Upon completion, the project is projected to deliver substantial annual energy cost savings of approximately $220,000. However, the generated solar energy will cater to only 2% of the total power requirements of the participating buildings. The ambitious endeavor encompasses six malls and a commercial building situated within the Alexandra Technopark, all under the management of Frasers Property.
Strategic Collaboration for Sustainable Future
The installation initiative is part of Frasers Property’s longstanding collaboration with SP Group, aimed at advancing Singapore’s commitment to achieving net-zero emissions. By leveraging solar technology, Frasers Property endeavors to reduce its carbon footprint and contribute to the nation’s green energy goals.
Driving Sustainable Practices in Commercial Real Estate
Marcus Tan, reporting on the initiative, highlights the pivotal role of Frasers Property in driving sustainable practices within the commercial real estate sector. The deployment of solar panels underscores the company’s dedication to environmental stewardship and aligns with global efforts to transition towards renewable energy sources.
Conclusion: Advancing Solar Energy Adoption for Sustainable Growth
As Frasers Property takes strides towards installing solar panels across its portfolio of properties, Singapore reinforces its position as a leader in sustainable urban development. The project signifies a crucial step towards integrating renewable energy solutions into commercial infrastructure, fostering a more resilient and environmentally conscious future.
Source：channelnewsasia.com
