The leading steel distributor and processor based in Singapore, has entered into a Power Purchase Agreement with LYS Energy, to install, operate and maintain a rooftop grid-tied solar photovoltaic power plants at the Group’s facilities located at 28 Jalan Buroh, said the company press release.
A total of 936.84kWp solar PV system, built in three months’ time, made up of 2,059 JA Solar Modules, has been commissioned on October 13th, 2021, and is estimated to achieve an average annual output of 1,031.5MWh over the next 20 years, it added.
The solar PV system is registered with SP Services (SPS) under Energy Market Authority (EMA) scheme’s Enhanced Central Intermediary Scheme, to facilitate the export of the unconsumed excess of clean energy produced by the PV system into the national electricity grid.
Selling back the excess of the solar electricity generated from the system will enable the Group to contribute to Singapore’s energy generation mix towards cleaner energy envisioned by the EMA.
Based on the current production output and premises consumption, the energy generated by the solar power plant is expected to account for 60% to 70% of the Group’s annual energy consumption requirements, helping to significantly reduce the Group’s reliance on conventional electricity.
As a major player in the steel industry, HG Metal Manufacturing Ltd aims to achieve continual improvements in their efforts to decrease the business’ impact on the environment using cleaner technologies as a part of the industry’s operations.
The Group eventually aims to reach carbon neutrality by integrating renewable energy and contribute towards Singapore’s goal of preparation for a climate-resilient and low-carbon nation.