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04 July 2024, Singapore – FairPrice Group (FPG) and ENGIE, a global leader in low-carbon energy and services, today announced an extension to their ongoing partnership to enhance solar power capabilities across FPG's properties in Singapore. This latest project marks a significant milestone in FPG’s seven-year collaboration with ENGIE, and will add a 1.6 megawatt peak (MWp) to FPG's renewable energy capacity.

Expanding on FPG’s existing 50,000 square metres (sqm) of solar panels, equivalent to the area of over 500 four-room HDB flats, the project will reduce FPG’s annual carbon dioxide equivalent (CO2e) emissions by an additional 786 tonnes. Upon completion, FPG’s solar installations will generate 4.05 MWp of green energy, powering several major facilities, including multiple distribution centres and the corporate headquarters.

Chan Tee Seng, Chief Sustainability Officer, FairPrice Group, shared, “Green technologies are evolving rapidly, and as Singapore’s largest retailer and social enterprise, we have a responsibility to keep pace with this evolution and ensure that sustainability is built into the business. This latest project in our longstanding partnership with global energy leader ENGIE marks a significant milestone on our decarbonisation journey, and our efforts to support the nation’s sustainability agenda.”

Once the solar panel installation project is finished, FPG’s renewable energy initiatives with ENGIE will help it to reduce its CO2e emissions by 1,935 tonnes a year.

“Our collaboration with FairPrice Group has grown significantly over the years; the projects completed and those underway demonstrate our shared commitment to sustainability,” Thomas Baudlot, Chief Executive Officer of ENGIE South East Asia, added. “In 2024, we are excited to build on our previous solar solution deployments to double FairPrice’s solar capacity. This new milestone reflects the dynamic nature of our partnership and showcases the benefits of a holistic, integrated approach to decarbonisation.”

To meet its ambitious sustainability targets, FPG has ramped up initiatives to drive energy efficiencies across the group in recent years. These include operating and expanding its own solar energy installations, constantly reviewing how energy usage across its operations can be improved, and integrating new renewable technologies into the business.

FPG has been collaborating with ENGIE since 2018 to further its sustainability agenda. The partnership started with ENGIE providing facility management services to FPG, and quickly grew to include a 20-year Power Purchase Agreement (PPA) to deploy a 2.45MWp rooftop solar system at FPG’s headquarters, FairPrice Hub, in 2021.

In 2023, FPG signed a Build, Own, Operate, and Transfer (BOOT) agreement with ENGIE to optimise cooling systems – a critical challenge for businesses operating under Singapore’s climate conditions – at FairPrice Hub. Through the 10-year agreement, ENGIE is sustainably delivering 2,700 refrigeration tonnes (RT) of cooling – the equivalent required to cool over 700 four-room HDB flats – across FairPrice Hub’s operations. This initiative enables FPG to save on energy consumption and utility costs, and achieve compliance with Green Mark Standards.

Battery energy storage system integrated with electric vehicle (EV) charging stations

 

Completed in February 2024, ENGIE integrated cutting-edge smart energy storage solutions with electric vehicle (EV) charging stations across FPG’s properties, enabling the penetration of EV charging in a brownfield environment. The Battery Energy Storage System (BESS) project leverages artificial intelligence (AI) to ensure that batteries in EV charging stations across FPG’s properties remain at optimal energy levels during both on and off-peak hours, for efficient and reliable operation.

As Singapore’s first retailer with a comprehensive sustainability function, FPG is deeply committed to ensuring sustainable practices across its supply chain and touchpoints. The group’s ongoing efforts towards responsible climate action reflect its dedication to leveraging its scale and size to support the Singapore Green Plan 2030 and the nation’s shift to sustainable energy usage.

 

About ENGIE

ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, clients, partners and stakeholders, the Group strives every day to accelerate the transition towards a carbon-neutral economy, through reduced energy consumption and more environmentally friendly solutions. Inspired by its purpose statement, ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its clients. Turnover in 2023: €82.6 billion. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris - Europe 120 / France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).

 

In Southeast Asia, we are a fast-growing team of nearly 2,000 employees. With a geographical focus in Singapore, Malaysia, and the Philippines, we bring efficient energy solutions spanning from energy performance services and low-carbon infrastructure (district cooling, EV charging, onsite solar, etc.) to large-scale renewables to our clients across the industry, real estate, and data centre sectors. We act throughout the value chain to help our clients decarbonise today, for a better tomorrow.


About FairPrice Group

FairPrice Group was established in 2019 through the formation of four entities comprising NTUC FairPrice, NTUC Foodfare, Kopitiam, and NTUC Link, with the purpose of making life better for all and to fulfil a vision of being a leader in everything food. FairPrice Group looks to optimise the resources of all four social enterprises and leverage their respective strengths to put customers first, provide better value for all and to make everything about food easy.

 

With an extensive network of close to 570 touchpoints, FairPrice Group seeks to provide an integrated array of products and services, from groceries, ready-to-cook, and ready-to-eat offerings, to on-premise meals, food take-aways, and a rewards programme that delivers personalised and delightful experiences.

 

ENGIE South East Asia press contact(s):

Zann Chua
Mobile: +65 9155 5600
Email: zann.chua@engie.com

Novell Goh
Mobile: +65 9365 0339
Email: novell.goh@engie.com

 

FairPrice Group press contact(s):

Ng Si Min
Mobile: +65 9297 5290
Email: simin.ng@fairprice.com.sg

Thaddeus Ng
Mobile: +65 9066 6256
Email: thaddeus.ng@fairprice.com.sg

Pei Qi Tan
Mobile: +65 8617 6585 
Email: peiqi.tan@fairprice.com.sg