Urban Renewables, a Singapore-based investment company focused on sustainable energy solutions in urban areas, has hit the 10MW milestone for its rooftop solar PV portfolio.
It took the company nine months to reach this milestone, since signing its first project with NS BlueScope Lysaght for its manufacturing facility in Singapore in March 2021.
Since then, Urban Renewables has signed more than 20 power purchase agreements with a wide range of commercial and industrial customers.
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Edgare Kerkwijk, Managing Director of Urban Renewables, said: “We are delighted to have reached the 10 MW milestone in a relatively short time. This is proof that the energy transition in Singapore is well underway.
“In addition to the desire of many companies to become more sustainable, the recent surge in energy prices has led to a significant increase in the demand from building owners for rooftop solar installations.
“We will actively support the development of energy solutions, such as energy efficiency, solar roofs and energy storage in Singapore to cushion the impact of the energy crisis and help businesses achieve their sustainability goals. “
Urban Renewables was created with the goal of promoting sustainable living and providing communities with the opportunity to participate in renewable energy projects from their homes.
Over the past twelve months, the company has partnered with companies such as NS BlueScope Lysaght, Geneco and REC Solar to advance the deployment of rooftop solar installations in Singapore.
Urban Renewables aims to own and operate 100 MW of rooftop solar PV installations by the end of 2025 and is preparing to launch various initiatives in Australia, Hong Kong and Malaysia.