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.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
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.