Sabana REIT partners Keppel EaaS to build EV charging, solar panels in its properties

JCube is set to close its doors JCube Residence in August, to be replaced by the 40-storey JCube Condo Residence development. This will bring 1,760 residential units, office spaces and complementary retail units, when completed in 2027.

Sabana Industrial REIT’s CEO Choong Kwek Sing considers the agreement with Keppel EaaS “a timely one” and an “important milestone” in the REIT’s journey toward sustainability. “The move to adopt electric vehicles and solar power will drive our overall building operations’ sustainability performance and we are on the right track to becoming one of Singapore’s first carbon-neutral industrial REITs.”

Sabana Industrial REIT has taken a step forward in its journey towards sustainability, entering into agreements with Keppel Energy-as-a-Service (EaaS) to implement electric vehicle (EV) charging and solar photovoltaic cells (PVs). As part of the initial phase, four Volt EV charging stations will be installed at the REIT’s property at 151 Lorong Chuan, also known as New Tech Park. Targeted for completion within 1H2023, the charging stations will be open to tenants and the public alike.

In addition, Keppel EaaS will also be installing solar PVs on four of Sabana REIT’s properties: 10 Changi South Street 2, 34 Penjuru Lane, 3A Joo Koon Circle and 1 Tuas Avenue 4. With an installed capacity of 4.7 megawatt peak (MWp), the solar PVs are expected to produce more than 5,700 megawatt hours (MWh) per year per the two companies, sufficient to power over 1,700 three-room HDB flats for a year. This could potentially reduce over 43,000 tonnes of emissions over the project’s estimated 25-year lifecycle, an equivalent of planting 30,000 trees.

The REIT will also be looking towards Keppel EaaS for its carbon-neutral ambitions by 2040, as the two companies have signed a sustainability partnership memorandum of understanding (MOU). Among other strategies, the REIT may be able to benefit from smart cooling, energy-efficient chiller systems, renewable energy certificates and green electricity.

Sabana Industrial REIT’s CEO Choong Kwek Sing has expressed his excitement, calling the agreement an “important milestone” and the move to adopt electric vehicles and solar power “a timely one”. He believes the adoption of such measures will only aid the REIT’s overall building operations’ sustainability performance and help bring it closer to its goal of becoming one of Singapore’s first carbon-neutral industrial REITs.