Wednesday, September 25, 2013

Singapore's largest rooftop PV system to be completed this year

Singapore prospers in many aspects but lacks one thing - Land.

But this does not stop the city state from venturing into this space-consuming solar PV project with the installation of its largest photovoltaic arrays on rooftops measuring 2.7 acres in total.


The CMM building rooftop is expected to be fully utilised with this PV installation. Photo by Phoenix Solar


1.2 MWp rooftop solar PV, Singapore's largest so far

Phoenix Solar will develop a 1.2 MWp rooftop installation for CMM Marketing Management HQ  and centralised distribution centre at Mandai Link in the northern part of Singapore. CMM is a wholly-owned subsidiary of Sheng Siong, the third largest supermarket chain in Singapore.

The PV system will cover around 11,000 square metres (approx.2.71 acres) and have a rated capacity of at least 1.2 MWp. The system is expected to be completed by the end of 2013.

Approximately 15% of CMM's electricity consumption will be covered by the rooftop PV system. This will mitigate at least 730 metric tons of carbon dioxide per year from Singapore's gas-fired power plants.


"The commercial and environmental returns of this project make it a viable business decision, which will continue to yield benefits for a long time."
- Lim Hock Chee, CEO of  Sheng Siong


Potential main source of electricity in Singapore?

Phoenix Solar believes the demand for bigger PV systems is growing in Singapore, where an industrial rooftop PV system can be expected to pay for itself in 7-10 years resulting in an unlevered project internal rate of return of 8 to 13%.

The attractive returns on investment is expected to spur further installations and by the end of 2013, Phoenix Solar predict that there would be at least 20 MW installed capacity in the country.

If this growth rate continues, then within a decade PV will become a mainstream source of electricity in Singapore, the company believes.

In February this year, Phoenix Solar also announced the development of a 435 kWp PV system for Greenpac (S) Pte Ltd, a manufacturer of environmentally-friendly industrial packaging solutions on its new integrated manufacturing and R&D centre facility.


TheGreenMechanics: Average retail electricity price in Singapore is currently SGD0.2628/kWh (approximately RM0.67/kWh) based on Q1/2013 data. That makes solar PV investment pays itself back faster than in Malaysia.


Reference: pv magazine

2 comments:

teh ramuan said...

wah, penuh satu bangunan tu
harap malaysia juga akan lebih berjaya nanti

de engineur said...

Boleh tu.

Di Negeri Sembilan ada pepasangan Solar PV berskala besar.