Keppel Infrastructure has partnered Perennial to roll out Singapore’s first-of-its-kind energy-as-a-service (EaaS) concept at Perennial Business City at a contract sum of $50 million.
Keppel Infrastructure’s sustainable EaaS concept includes the installation and operation of super-efficient chiller systems and photovoltaic solar panels, offering zero carbon electricity long-term, as well as the setting up of smart electric vehicle (EV) charging stations, among others.
Perennial Business City, which is majority-owned and managed by Perennial, is an upcoming business park located in the Jurong Lake District.
Measuring over 1 million square feet in total net lettable area, Perennial Business City is expected to reduce its total building energy consumption by more than 40% when it commences operations progressively from 2022.
To accelerate the adoption of green transport, Keppel Infrastructure will help install 20 smart EV charging stations at Perennial Business City.
See: Keppel Infrastructure to collaborate with BCPG on low-carbon, sustainable energy solutions and infrastructure
Keppel Infrastructure will also design and provide a "super-efficient chiller system" that will "substantially improve" Perennial Business City’s energy efficiency, reads a press release on Oct 27.
This will put it on track to achieve the Building and Construction Authority’s Green Mark Super Low Energy certification.
In addition, Keppel Infrastructure will supply solar-generated electricity to Perennial Business City to maximise the usage of scarce renewable resources in Singapore, and reduce the business park’s net carbon footprint.
More than 1,800 solar panels will be installed on the roof of Perennial Business City, generating around 1,200MWh per year, or the equivalent of powering somet 300 four-room flats.
Keppel Corporation Limited, the parent company of Keppel Infrastructure, does not expect the abovementioned development to have any material impact on its earnings per share and net tangible asset per share for the current financial year.
Cindy Lim, chief executive officer of Keppel Infrastructure says: “We are pleased to introduce our sustainable Energy-as-a-Service concept at Perennial Business City by collaborating with Perennial. EaaS is an appealing value proposition as customers, such as building or asset owners, do not need to make upfront capital investment, and instead enter into a recurring subscription and service contract for energy usage and management."
"By harnessing Keppel Infrastructure’s suite of renewable energy, power, cooling and EV charging expertise, we are able to develop a unique energy delivery model that combines hardware, software and services aimed at maximising energy savings and users’ experience," she adds.
Pua Seck Guan, chief executive officer of Perennial, says: “Perennial Business City marks not only our first foray into the business park space but also the setting of a new benchmark as the first sustainable super low energy business park in the Jurong Lake District."
"We are pleased to partner Keppel Infrastructure, an established industry leader with a full suite of energy solutions, to bring our shared focus on sustainability to fruition at Perennial Business City," he adds.
Photo: Perennial
