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This Installation is in line with Swire Pacific Offshore's Ongoing Efforts to Manage Its Business
Sustainably and to Reduce Its Carbon Footprint.
Altus Logistics, a subsidiary company of Swire Pacific Offshore (SPO), has successfully installed its first-ever solar panel system at its warehouse in Loyang, Singapore.
This significant installation is designed to generate 152,517kWh of electricity each year which is equivalent to powering 18 average three-bedroom apartments for one entire year. It will also bring about an estimated annual savings of USD 39,000 on electrical bills for Altus Logistics and the monthly electrical bill is anticipated to be reduced by 45.1%.
"Altus Logistics seeks to promote sustainable development in the way we operate our business and this is closely aligned with the corporate mandate of our parent company, Swire Pacific Offshore. This project is a milestone achievement for us as this long term investment will significantly reduce our carbon footprint and electrical consumption," says Mr Michael Ellsworth, CEO of Altus Logistics Pte Ltd.
Altus Logistics' 3,600 square metres warehouse's existing Klip-lok roof makes it ideal for the installation of these solar panels. From the agreement to proceed with the installation of the solar panels to final commissioning the project took approximately fourteen weeks to complete. The system uses a 116.28kWp Photovoltaic Grid-tied (PV) system to generate renewable clean energy from sunlight to facilitate the daily operations of Altus Logistics. The PV system comprises 456 pieces of REC-255Wp solar panels, six SMA inverters, an alternating current distribution board (ACDB), a weather monitoring system and a sunny Webbox data logger. It utilises the energy of sunlight and converts it into electricity. To view the Photovoltaic Grid-Tied System, please see Appendix A for the poster.
The project required a capital investment of approximately USD 198,400, with a payback period of only five years and eight months. These newly installed solar panels have a warrantied lifespan of 25 years and will require minimal maintenance costs and operational expenses to upkeep its efficiency over this period.
"We are strongly supportive of Altus Logistics' move as this is a significant move towards SPO's long term corporate goal to achieve Net Zero environmental impact. We urge more companies to consider the use of solar energy where feasible to make a positive difference to the environment and their business," says Mr Simon Bennett, General Manager of SPO.
SPO adopts a long term view of its business and believes in operating safely, professionally, responsibly and sustainably. SPO has taken a proactive approach to spearhead numerous sustainable development initiatives. In 2013, SPO was also awarded the prestigious "Achievement of Excellence" by Singapore Business Federation's Singapore Sustainability Awards. SPO has been certified biennially by the Singapore Environmental Council as running an "Eco Office" three times consecutively since 2010.
For pictures of Altus Logistic's solar panel system, please visit http://swire.com.sg/Media/Gallerypage/Altus-Logistics-Solar-panel-system.aspx
To download the press release in PDF format, please click here.
About Altus Logistics
Swire Pacific Offshore has a 70% shareholding in this company. Altus provides integrated customised logistics services by managing and optimising supply chains for leading oil and gas companies. Based in Singapore, Altus has offices worldwide with a particularly strong presence in Indonesia where it has a series of supply bases supporting the oil and gas industry there. With a strong focus on compliance, quality, health, safety and the environment, Altus prides itself on attaining excellence in these areas. Altus's people, know-how, and commitment to excellence are vital ingredients in not only designing solutions but in executing them.
For more details, visit http://www.altuslogistics.com/index.php
About Swire Pacific Offshore (SPO)
Swire Pacific Offshore (SPO) is a leading service provider to the offshore oil and gas industry with a network that spans the globe. Operating for more than 35 years, SPO has become a trusted name in the oil and gas industry. SPO has operated in Singapore since 1975 and moved its headquarters there in 1992. SPO is a fully owned subsidiary of Swire Pacific Limited. In line with its vision, "Excellence in Marine Services", strong emphasis is placed on health and safety, the environment and sustainable development. Today, SPO owns and operates a diverse fleet of more than 85 offshore support vessels, including anchor handling tug supply vessels, platform supply vessels, ice-breaking supply vessels, seismic survey vessels, wind-farm installation vessels, accommodation barges and multi-purpose offshore vessels. SPO will have a fleet of 100 vessels by 2015. SPO and its subsidiaries operate vessels in every major oil exploration region outside of USA and have offices in Angola, Australia, Azerbaijan, Brazil, Brunei, Canada, Cameroon, Denmark, Equatorial Guinea, Ghana, India, Indonesia, Kenya, Malaysia, Newfoundland, New Zealand, Norway, Qatar, The Philippines, Russia, Scotland and the United Arab Emirates.
For more details, visit http://www.swire.com.sg/
