Singapore’s Senoko Energy has launched 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 MWh 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.
This new source of solar energy is expected 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.
"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."