BBR Holdings clinches 20-year solar photovoltaic system installation lease contract from HDB

20,000 solar panels will be installed in Ang Mo Kio.

Mainboard-listed BBR Holdings yesterday revealed that it has clinched a a 20-year lease contract with HDB for solar photovoltaic system installation in Ang Mo Kio town.

Under the solar leasing model, BBR will design, install, operate and maintain the 5MWp (Megawatt peak) grid-tied solar PV system to be installed on the rooftops of more than 75 HDB residential blocks in Ang Mo Kio Town.

The Ang Mo Kio Town Council will undertake a power purchase agreement over a 20-year tenure to pay for the solar generated electricity, at a preferential rate that is not higher than retail electricity tariff rate.

The approximately 20,000 solar panels to be installed are expected to generate more than 6GWh of electricity annually. The electricity generated will be used to power public services in common areas such as lift operations, corridor and staircase lightings, and water pumps.

The solar leasing model has been adopted by HDB in its solar capability building programme which will enable it to extend solar PV installations to more precincts in Singapore on a large scale.