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ENGIE is Collaborating with CapitaLand Investment to Significantly Enhance Energy Efficiency

Singapore, 18 June 2024 CapitaLand Investment Limited (CLI) will adopt Cooling-as-a-Service (CaaS) systems in Raffles City Singapore, Plaza Singapura and The Atrium@Orchard.  The cooling systems will cover 4.8 million square feet (sq ft) of gross floor area (GFA) across the three properties, which are owned by CapitaLand Integrated Commercial Trust (CICT) and managed by CLI, and will have a combined installed capacity of approximately 15,000 refrigerant tonnes (RT).  In particular, Raffles City Singapore, which has over 3.45 million sq ft of GFA and an installed capacity of 10,000 RT, will be the largest integrated development by GFA in Singapore and one of the largest in Southeast Asia to adopt the CaaS system to date. 

The CaaS contracts for Raffles City Singapore, and Plaza Singapura and The Atrium@Orchard were awarded to Keppel DHCS (Keppel) and ENGIE South East Asia (ENGIE) respectively.  The two contracts, which will be paid for on a utilisation basis, are expected to reduce energy consumption at all three properties by over 30%.  They are also expected to save at least 118,680 tonnes of carbon emissions over the 15-year operating period.  On an annual basis, the energy saved can power more than 4,800 four-room HDB flats.  

With improved energy efficiency, CLI aims to upgrade the green certification conferred by the Building and Construction Authority (BCA) on The Atrium@Orchard from Green Mark Gold to Green Mark Platinum (Super Low Energy) when its certification is up for renewal.  Similarly, Plaza Singapura and Raffles City Singapore are also expected to upgrade their ratings from Green Mark Gold and Green Mark GoldPLUS respectively to Green Mark Platinum.  Certification aside, the cooling performance of all three properties are also expected to meet the efficiency requirements for BCA’s Green Mark Platinum (Super Low Energy).

Mr Chris Chong, CEO, Retail & Workspace (Singapore & Malaysia), CLI said: “Sustainability is at the heart of everything that we do at CLI, and we remain dedicated to contributing to the environmental well-being of the communities we operate in.  The CaaS contracts at Raffles City Singapore, Plaza Singapura and The Atrium@Orchard optimise the energy performance of our properties and reduce our carbon footprint.  The move to a CaaS operating model also demonstrates how we constantly upgrade our infrastructure in a capital- and cost-efficient manner.  We review and adopt innovative systems as well as business models to ensure that our properties run optimally and meet the evolving needs of our tenants and stakeholders.  This is testament to our best-in-class commercial management platform.”

Mr Lim Yong Wei, Executive Director, Energy-as-a-Service, Infrastructure, Keppel said: “Keppel is pleased to be selected by CLI as the CaaS provider over a 15-year period for Raffles City Singapore, one of Singapore’s largest integrated developments.  Keppel will implement best-in-class solutions at Raffles City Singapore, which will reduce a total of more than 76,000 tons of CO2, the equivalent of taking over 16,000 cars off the roads for a year.  Keppel’s ability to help CLI reduce its operating carbon footprint is a testament to our deep expertise in decarbonisation and sustainability solutions.  We look forward to partnering CLI in their sustainability journey.”

Mr Thomas Baudlot, CEO, ENGIE South East Asia said: "At ENGIE South East Asia, we are thrilled to embark on our first project with CLI to implement our CaaS solution.  This initiative will not only enhance energy efficiency and provide significant energy savings but also support CLI in achieving the prestigious Green Mark Platinum (Super Low Energy) building certification.  By creating a more comfortable environment for mall visitors and setting new benchmarks in sustainability, we reiterate our commitment to pioneering innovative solutions for a greener future.  We look forward to supporting businesses in reducing their carbon footprint throughout their sustainable energy transition journey.”

Under the 15-year performance guaranteed contracts, Keppel and ENGIE will implement CaaS to provide chilled water and air-conditioning to these flagship developments.  As part of the Total System Efficiency model, CLI’s partners are fully responsible for the design, build, operations, maintenance, repairs and upgrades to the cooling system.  They will design and retrofit the buildings’ existing central water-cooled chilled water system and air-side equipment, and operate the systems throughout the contract period via a supply-and-service subscription.  They will monitor the cooling systems to ensure that optimal cooling performance is achieved, and promptly address inefficiencies.  They are also expected to review and upgrade the equipment over the term of the contract to ensure that they remain up to date with the latest technologies and sustainability requirements.  The agreement comes bundled with Green Mark consultancy and renewal services.

Raffles City Singapore is a prime landmark within the Civic and Cultural District, and one of Singapore’s largest integrated developments. It comprises the 42-storey Raffles City Tower, 5-storey Raffles City Shopping Centre, Raffles City Convention Centre, the 73-storey Swissôtel The Stamford Singapore and the 28-storey twin-towers Fairmont Singapore.

Plaza Singapura is strategically located along Orchard Road and within the Civic and Cultural District while The Atrium@Orchard is an integrated development that comprises a retail podium and two office towers.  Plaza Singapura and the retail podium of The Atrium@Orchard are seamlessly integrated as an all-encompassing retail, dining and entertainment destination that appeals to a wide profile of shoppers. 

SOURCE: CapitaLand

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