Cleantech Solar is supported by Keppel Ltd., Keppel Asia Infrastructure Fund and Shell Singapore Pte. Ltd. (formerly known as Shell Eastern Petroleum (Pte) Ltd).
Pan-United aims to be leader in Singapore’s concrete industry with regard to carbon reduction through solar energy when the installation by Cleantech Solar is completed in 1Q 2024. The project is part of an ongoing three-year memorandum of understanding (MOU) signed in 2022 with Shell Singapore Pte. Ltd. to explore decarbonisation solutions in the construction and urban solutions industries. Embracing solar solutions marks a major step for Pan-United in integrating renewable energy into its operations.
Cleantech Solar has provided clean, sustainable and economically efficient renewable energy to some of the world’s top corporations, and is committed towards aiding and accelerating the energy transition. It has a portfolio of 1.2 gigawatt-peak (GWp) across seven countries and is scaling up deployment of renewable energy projects at a significant pace, solidifying its position as a key provider of green power in the distributed energy segment in the region.
“We are delighted that our partnership with Shell has advanced our efforts to adopt renewable energy solutions, which are crucial in reducing our operational carbon emissions” said Ms May Ng, Chief Executive Officer of Pan-United. “Industry partnerships to leverage collective strengths is a sure way to decarbonisation. Solar deployment in collaboration with Cleantech Solar supports our efforts in contributing to the sustainability goals under the ‘Energy Reset’ pillar of the Singapore Green Plan 2030 and brings us closer to our sustainability target of becoming a carbon-neutral ready-mix concrete company by 2050.”
As part of the MOU signed in 2022, Pan-United and Shell will continue to identify opportunities in areas such as electric mobility solutions, circular use of materials, and other fleet management digitalisation-enabled solutions.
“It is heartening to see industry leaders like Pan-United taking the lead in embracing cost-effective clean energy to power their operations and contribute to both their own and the nation’s sustainability efforts” said Sachin Jain, Chief Executive Officer at Cleantech Solar. “We are excited to work with Pan-United to advance their decarbonisation journey, and we look forward to the successful delivery of this green partnership.”
Image: Representatives from Cleantech Solar, Pan-United and Shell Singapore at the signing ceremony on 2 February 2024. (L-R: Pan-United’s Chief Executive Officer May Ng, Shell’s Senior Vice President for Distribution Operations & Midstream Trading and Supply Richard Jory, Pan-United’s Chief Operating Officer Ken Loh, Cleantech Solar’s Chief Financial Officer Brian Tan, Cleantech Solar’s Corporate Financing & Treasury Director Clara Lim, and Chairman of Shell Companies in Singapore Aw Kah Peng)
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