Greenpac to enjoy a fast payback from solar energy

Singapore-based Greenpac (S) Pte Ltd, a manufacturer of environmentally-friendly industrial packaging solutions, has appointed Phoenix Solar to build a 435 kilowatt peak (kWp) solar photovoltaic (PV) system on its new integrated manufacturing and R&D centre facility dubbed the “Greenhub”.

The cost of solar installations has dropped rapidly in the last two years due to significant increases in production capacity and improved system installation costs.  Combined with rising electricity tariffs, PV systems such as Greenpac’s are an attractive investment, achieving paybacks of 7 years*.

The Greenhub is fully consistent with Greenpac’s commitment to the environment and responsible entrepreneurship. The building is designed for energy efficiency, including features like skylights to reduce the use of electric lights. Staff play an active role to reduce waste and recycle scrap.

Working with Phoenix Solar for their rooftop PV system, Greenpac received the Solar Pioneer Award in October 2012 from Singapore’s Energy Innovation Programme Office (EIPO). The award recognises pioneering solar installations in Singapore in terms of system design, size and installation techniques.

The rooftop solar PV system will supply more than 20 percent of the building’s total electricity consumption, offsetting about 270 metric tonnes of CO2 per year.

*Based on retail electricity prices of SGD0.2628/kWh in Q1/2013 (Singapore)

For media inquiries and interviews, please contact:

Ms Chee Yeen Yee

Tel: +65-6511 9339

About Phoenix Solar Pte Ltd

Established in October 2006, Phoenix Solar Pte Ltd is the Asia Pacific headquarters of Germany-based Phoenix Solar AG. Phoenix Solar offers full turn-key service including design, engineering, supply, installation and commissioning of ground-based and rooftop photovoltaic power plants. We train our client’s O&M teams and we offer maintenance contracts to ensure years of trouble-free operation. Phoenix Solar is a market leader in turnkey PV solutions with over 5MWp of rooftop projects and over 59MWp of ground mounted power plants in Asia.

For more information, please see www.phoenixsolar.sg

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