SINGAPORE (THE BUSINESS TIMES) – ComfortDelGro Engineering, a wholly-owned subsidiary of mainboard-listed ComfortDelGro, has entered right into a second three way partnership (JV) with Engie South East Asia to develop and handle photo voltaic vitality options.
Via JV firm ComfortDelGro Engie Photo voltaic, each side intend to affect ComfortDelGro’s fleet of autos with renewable energy and supply quick charging options to drivers and public electrical car (EV) customers via renewable vitality property, the transport operator stated on Tuesday (Nov 30).
With a goal to function by the second half of 2022, ComfortDelGro Engie Photo voltaic intends to first set up and function rooftop photo voltaic panels atopthree buildings at Loyang, Pandan and Ubi, operated by ComfortDelGro Engineering.
These photo voltaic panels will energy the buildings, in addition to the corporate’s automotive workshops.
The photo voltaic JV additionally plans to supply renewable vitality options to ComfortDelGro’s clients and enterprise companions that need to deploy renewable vitality to their very own buildings.
The most recent tie-up comes two months after the businesses’ first three way partnership, ComfortDelGro Engie, received a young to deploy 479 EV chargers throughout Singapore by the third quarter of 2022.
Ang Soo Hock, chief government of ComfortDelGro Engineering, stated: “Past the electrification of our car fleets is the necessity to construct charging farms powered by renewable vitality on our premises that supply quick charging options to our cabbies in addition to the general public EV customers.”
ComfortDelGro Engie will even leverage on the brand new photo voltaic JV to supply EV charging options utilizing renewable vitality, as a part of its pledge to play a significant function in deploying 60,000 EV charging factors throughout the Republic underneath the Singapore Inexperienced Plan 2030.
Engie South East Asia operates as a cluster underneath Singapore-headquartered Engie Asia-Pacific, the regional arm of French vitality group Engie.
Shares of ComfortDelGro have been buying and selling at $1.41 as at 11.07am on Tuesday, down two cents or 1.4 per cent.