In a bid to go green, solar panels have been installed around Singapore over reservoirs.

Basically, any open surface is an opportunity to tap on solar energy.

Enter CapitaLand.

Over 20,000 solar panels installed by end 2019

On July 9, CapitaLand announced that it will be installing 21, 240 solar panels on six properties in partnership with Sembcorp Industries.

The solar panels will be installed, owned and operated by Sembcorp.

The panels will generate enough energy to power about 2,300 four-room flats annually.

This translates to a reduction of 4.3 million kg of carbon emissions annually which is equivalent to the amount produced by about 900 cars on the road.

You will find these solar panels installed atop the following buildings under CapitaLand's business space and industrial real estate investment trust (Reit), Ascendas Reit:

9 Changi South Street 3

LogisTech

2 Senoko South Road

40 Penjuru Lane

1 Changi Business Park Avenue 1

Techpoint

20% energy from renewable sources by 2025

CapitaLand is targetting to support 20 percent of its energy consumption with renewable sources by 2025.

The Chief Sustainability Officer for CapitaLand Group, Lynette Leong, also mentioned the integration with Ascendas-Singbridge, a Temasek subsidiary, helps to enhance its sustainability efforts.

"We will further review opportunities within our enlarged global portfolio to deploy clean energy technologies to power our real estate operations."

Besides solar energy, the Group is exploring the use of Renewable Energy Certificates so that the excess solar energy can be used at other operations in Capital Tower and Galaxis.

CapitaLand is also the first real estate partner in Asia to sign sustainability-linked loans with Credit Agricole Corporate & Investment Bank, Natixis Bank and Societe Generale worth S$300 million to fund future projects.

Top photo collage from Sembcorp and CapitaLand