SolarGy Pte Ltd, a leading solar photovoltaic system integrator based in Singapore, today announced that they have been awarded an engineering, procurement and construction (EPC) contract for a 1 MW grid-tied solar PV system at the Keppel Seghers Ulu Pandan NEWater Plant, a wastewater recycling plant. The contract was awarded to SolarGy by K-Green Trust, a business trust, which invests in green infrastructure projects with a focus in Asia, Europe and the Middle East.
SolarGy will install about 4000 Yingli solar panels over the roofs of the plant spanning an area of approximately 10,000 sq m. Yingli is the world's largest vertically integrated solar panel manufacturer. In the first half of 2012, they became the world's number one in terms of module shipment. When completed in 1Q2013, this one mega-watt peak (1000 kWp) renewable energy project will be the single largest PV installation in Singapore. In 2010, SolarGy also completed the single largest PV installation in Singapore, which is the 500 kWp PV system at the Resorts World at Sentosa. To-date, SolarGy has an impressive portfolio of about 2600 kW of completed and ongoing solar projects.
Albert Lim, Managing Director of SolarGy, said, "SolarGy is proud to be selected by K-Green Trust for this 1 MW PV project. We are able to consistently demonstrate professionalism and understanding of the K-Green Trust's unique requirements and provide appropriate responses and engineering solutions. We are confident that we will be able to deliver to the high standards set by the K-Green Trust.
Mr Thomas Pang Thieng Hwi, CEO of Keppel Infrastructure Fund Management, Trustee-Manager of K-Green Trust, said, "The advances in photovoltaic panels have allowed us a cost effective solution to harness renewable energy to reduce the consumption of conventional power at the wastewater recycling plant. We are happy to be able to lower the carbon footprint of the plant and contribute to the national effort to reduce dependency on traditional sources of energy."
Mr Lim added, "We hope to see more large corporations taking the lead to switch to clean energy so as to set significant reduction of their carbon footprint. With the falling prices of solar panels and coupled with our unique and cost effective way of executing the PV installation which we have developed and improved over the last 5 years, SolarGy was able to offer very good ROI for large PV systems which translate to very low levelized cost of clean electricity of about 12 c/kWh (based on 25 years system lifespan).