Cleantech Solar expects to complete the installation in 1Q2024.
Cleantech Solar is backed by Keppel, Keppel Asia Infrastructure Fund and Shell Singapore. The project is part of an ongoing three-year memorandum of understanding signed in 2022 with Shell Singapore to explore decarbonisation solutions in the construction and urban solutions industries.
“Solar deployment in collaboration with Cleantech Solar supports our efforts in contributing to the sustainability goals under the ‘Energy Reset’ pillar of the Singapore Green Plan 2030 and brings us closer to our sustainability target of becoming a carbon-neutral ready-mix concrete company by 2050,” says Pan-United CEO May Ng.
Shares in Pan-United closed at an unchanged 38 cents on Feb 5.
See also: Patrizia, Mitsui invest US$350 mil in Singapore ‘cooling-as-a-service’ firm Kaer
