SolarPVExchange, a subsidiary of Sunseap group, Singapore’s leading clean energy provider, announced today that it has signed an agreement with Spring CJW Development Pte Ltd to build a solar photovoltaic (PV) system which will help power up its first eco-friendly residential development in Phnom Penh. Under the deal, SolarPVExchange will design and construct a 200 kilowatt-peak solar photovoltaic (PV) system across the rooftops of the condominium’s eight blocks of residential units.
The solar PV system will generate enough clean energy at its peak capacity to power Axis Residences’ communal facilities including its huge indoor gym, four swimming pools, multi-purpose rooms, games room and lounge. It will also help the condominium to reduce its carbon dioxide emissions by the equivalent of planting 3,222 trees a year.
That amount of energy, for example, can power 14 air conditioning units to cool down Axis Residences’ gym, multi-purpose rooms, children’s playroom and facilities. Alternatively, it can power up to 111 water pumps for the developments’ swimming pools, and supply water into the homes of its residents.
Mr Rob Khoo, SolarPVExchange’s Managing Director, said: “We are pleased to partner Spring CJW in providing solar power for its first residential project in Cambodia. Spring CJW has joined a growing list of companies that are environmentally-friendly and prepared to adopt sustainable ways of doing business. As a developer that targets young and trendy homebuyers and entrepreneurs, its green approach will go down well with its target market.
“By tapping solar energy, Spring CJW will also enable residents of Axis Residences to benefit from reduced utility and maintenance bills.”
Mr Anthony Ong, Director of Spring CJW Development Pte Ltd, said: “Spring CJW is passionate about sustainable developments and we are delighted that Axis Residences has cleared the preliminary assessment and will be the first residential development in Cambodia to attain the internationally renowned and recognised Green Mark Gold Accreditation by Singapore’s Building & Construction Authority.”
Mr Ong added that the Singapore-based developer aims to lead the way for other property developers in Cambodia to embrace sustainable green solutions for their projects.
Axis Residences is the first Cambodian eco-friendly condo development project to receive the ‘Highly Commended Award’ at the inaugural Cambodia Property Award 2016 for the Best Condo Development and the first condominium project in Cambodia to be awarded Green Mark Gold Award by Singapore Building Construction Authority.
The condominium is located along Street Doung Ngeap number III in the upcoming western Phnom Penh district, five minutes away from Phnom Penh International Airport. The US$70 million development project comprises 566 units in eight buildings of 10 floors each and is scheduled for completion by next year.
SolarPVExchange is currently in discussion with various clients in Cambodia, including hospitals, banks and factories to bring sustainable renewable energy solutions into Cambodia and the rest of Southeast Asia.
The region enjoys abundance of sunshine all year round, making the harnessing of solar energy highly viable in this region. Currently, Thailand leads the way for solar power in Southeast Asia with more solar power capacity than the rest of Southeast Asia combined.
Cambodia made its first major investment in solar energy in 2016, with the announcement of a US$9.2 million solar power plant by SolarPVExchange’s sister firm Sunseap in Bavet City, Svay Rieng to provide a quarter of the energy needs of the city and cut the country’s emissions by 5,500 tonnes of carbon dioxide a year.