Press release
Singapore
Singapore, July 3, 2024 – TotalEnergies ENEOS has successfully completed the installation and energization of a 450 kilowatt-peak (kWp) Solar Rooftop Project with SWTS Pte Ltd in Singapore. SWTS is an independent technical service provider, with over 50 years of experience and a long-standing reputation in the engineering industry. It is one of the biggest and most well-equipped workshops in South East Asia. The system will power its facility with renewable energy in Singapore.
With over 760 modules installed, the PV system generates approximately 550 megawatt-hours (MWh) of renewable electricity annually, enough to power about 130 four-room HDB flats for a year. It will enable SWTS to achieve cost savings and reduce the company’s carbon footprint by about 210 tons of CO2 emissions, equivalent to planting around 3,200 trees.
Under the agreement, TotalEnergies ENEOS fully funded, installed, and will be operating the solar system while SWTS will only pay for the electricity generated for 17 years, avoiding any upfront costs.
“A core value for us at SWTS is ‘We Act Responsibly’. We make decisions that take into account their impact on society, the environment, and future generations. Transitioning to solar power is a necessary move in our ESG journey and we are grateful to TotalEnergies ENEOS for helping us achieve this” said Sim Bee Lim, Group CEO of SWTS Asia.
“We are pleased to support SWTS in taking an important step in embarking on their sustainability and decarbonation journey and account SWTS as our partner. As a leading solar service provider for commercial and industrial businesses, TotalEnergies ENEOS is committed to helping SWTS to reduce both their energy costs and carbon footprint. This project marks the beginning of our partnership, and I am excited about the potential for future collaborations.” said strong>Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.
***
About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years. https://solar.totalenergies.asia
TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the end of 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 22 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030. https://renewables.totalenergies.com/en
ENEOS Corporation and renewables electricity
ENEOS Group operates solar power plants in Japan and is also participating in renewable energy projects in the United States, Australia, Vietnam and Taiwan. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS’ first overseas renewable energy project using distributed power sources.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operation.
About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group’s envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group’s envisioned goals through a broad range of energy businesses.
About SWTS Pte Ltd
SWTS is an independent technical service provider, offering multi-discipline engineering and industrial products and services; from design, supply, installation and integration of OEM industrial equipment, and electrical systems, to providing maintenance, repair & overhaul (MRO) services and engineering solutions. SWTS, formerly known as Siemens Westinghouse Technical Services, has over 50 years of experience and a long-standing reputation in the engineering industry as one of the biggest and most well-equipped workshops in South East Asia. https://swts.com/
TotalEnergies ENEOS Contacts
Media Relations: [email protected]
SWTS Contact
Media Relations: [email protected]
Cautionary Note TotalEnergies
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
Cautionary Note ENEOS Corporation
The terms “ENEOS”, “ENEOS Group” in this document are used to designate ENEOS Corporation and the consolidated entities that are directly or indirectly controlled by ENEOS Corporation. This document contains certain forward-looking statements. Actual results may differ materially from those reflected in any forward-looking statement due to various factors, which include, but are not limited to, the following: (1) macroeconomic conditions and changes in the competitive environment in the energy, resources, and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks related to litigation and other legal proceedings.