SATS headquarters located at Singapore Changi Airport (SCA) has a high demand of electricity for its business operation. Looking for solutions to cut down on energy bill, solar lease was recommended to SATS, with which solar PV system would be installed with no upfront cost. This makes solar energy an attractive choice as it will have an immediate impact on their electric bill. At the same time, it is an environmentally friendly energy source which requires little or no maintenance at all.
SATS (formerly known as Singapore Airport Terminal Services) is a company that provides ground handling, in-flight catering and gateway service at Singapore Changi Airport. SATS has more than 70 years’ experience in this business. Today, it is serving millions passengers across 14 countries.
Under a solar lease financial model, SATS agreed to pay a fixed lease payment which is calculated using the estimated amount of electricity the system will produce. In return, SATS gets to enjoy cheaper electricity compared to its local electricity provider.
With the system installed at Changi airport, SATS enjoys the solar-generated electricity at 5% off their prevailing electricity rate. On top of that, they are helping the Earth by offsetting at least 2000 tonnes of carbon dioxide annually. In future, Changi can consider to add solar panels to the existing system, getting more electricity from the sunlight.