Oil and gas major Shell is looking to expand its use of solar PV in Singapore as part of plans cut its CO2 emissions in the country by a third within a decade.
Having already developed more than 3MWp of solar at three of its Singaporean facilities, the company is now exploring the addition of utility-scale PV in the city-state.
The announcement comes as the firm reveals its ambition to halve crude processing capacity at its Pulau Bukom oil refinery in Singapore as the site transition to “new low-carbon value chains”.
Aw Kah Peng, chairman of Shell Companies in Singapore, said the firm needs to evolve and transform, adding: “We must act now if we are to achieve our ambition to thrive through the energy transition.”
Shell revealed plans earlier this year to become a net zero company by 2050, leaving it poised to ramp up its renewable energy division. That target will see the business sell more products with a lower carbon intensity than its O&G staple offering, including renewable power, biofuels and hydrogen.
Shell has increased its footprint in Asia's PV market through the acquisition of a minority stake in Cleantech Solar in 2018 and an investment in developer Sunseap a year previously.
Singapore-based Cleantech is set to deliver more than 500MW of solar power in Southeast Asia after securing what it described as Asia Pacific’s largest ever green loan for C&I rooftop projects in July.
Jan 14, 2021
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Dec 15, 2020 GMT
Hear from market leaders experienced with delivering the largest projects and portfolios in the UK. Understand the challenges they face bringing NSIP (Nationally Significant Infrastructure Project) projects and multi-GW portfolios to shovel ready stage and hear their perspectives on the continued growth of UK solar and the construction boom expected over the next few years.