The partnership will run 25% of UBS’s annual consumption across all its offices in Singapore, where the amount of renewable energy consumed will replace close to 20 million kilogrammes of carbon emissions in 10 years.
SINGAPORE (Sept 12): Global financial institution UBS will be Sembcorp Industries’ first renewable energy partner in the financial services industry, as the two have signed a long-term solar energy deal in Singapore.
As part of the deal, Sembcorp will provide locally-sourced renewable power to support UBS Singapore’s operations over the next 10 years, through the sale of renewable energy attributes from surplus power generated by more than 15,000 offsite rooftop solar panels totaling 6.3 megawatt-peak (MWp) in capacity.
