Developing Better
Energy
As at December 2024, six properties in Singapore housed solar panels with the capacity to generate 1.1 Megawatt-Peak (MWp) of combined solar energy. During the year, we completed solar panel installations at Odeon and plan to install solar panels at Pan Pacific Singapore in 2025. Once the installations at Pan Pacific Singapore are completed, we will achieve the maximum feasible coverage of solar panels in our Singapore properties. We remain committed to assessing the feasibility of expanding solar installations across more properties overseas. In 2024, approximately 1,086 MWh, or about 1.2% of our total energy consumption, was derived from onsite solar energy.
To further enhance energy efficiency, we conducted a third-party energy audit across all our commercial and hospitality properties in Singapore to assess energy consumption patterns and identify key areas for energy efficiency improvement and carbon reduction. We have started implementing measures to address these areas. As part of these efforts, we have been upgrading the HVAC systems in our properties. In 2024, we completed the replacement of fan coil units (FCU) at PARKROYAL on Beach Road and the replacement of air handling units (AHU) with high-efficiency fans at the office tower of United Square, where our corporate office is located. In 2025, we will further upgrade the HVAC systems at Odeon 331, Novena Square and Pan Pacific Serviced Suites Singapore. Additionally, we have an ongoing initiative to replace less-efficient incandescent bulbs with LED lighting across our hospitality properties, with a goal to reach 100% replacement by 2027.
In 2024, our energy consumption1 from commercial and hospitality properties was 87,172 MWh, reflecting a 3.7% increase compared with 2023. Similar to the increase in GHG emissions, this rise is attributed to higher occupancy rates in our hospitality properties, the opening of Odeon 333 in 2024, and Pan Pacific Orchard was fully operational throughout 2024, following its opening in June 2023. Compared with our 2019 baseline, we have achieved a 13% reduction in energy consumption, driven by a combination of energy efficiency initiatives across our commercial and hospitality properties. Our energy intensity by GFA occupied in 2024 was 216.5 kWh/m2, which is 3.7% lower than 2023.
For our development projects, the total energy consumed2 in 2024 was 10,056 MWh.
Solar panels were installed on the rooftop of Odeon in 2024.
Latest Performance
Energy Consumption (MWh)
Energy Intensity by GFA Occupied (kWh/m2)
- Energy consumption in our commercial and hospitality properties includes electricity from the grid, cooling consumption, piped gas and diesel used onsite.
- Energy consumed in development projects mainly comes from electricity and diesel use.