Proposed Investment in a Solar Portfolio in Germany
6
Further environmental targets with increased renewables exposure
Reduces KIT's emission intensity and contribute to renewables target
> 60,000
PV installations
Complemented with
> 55,000²
Battery storage systems
EV
> 30,000²
EV charging systems
585 MW
Total Generation Capacity
~115k
tonnes³
Carbon emissions
avoidance per annum
Progressing KIT's decarbonisation roadmap, reducing
carbon emission intensity by 4.8% from 2022's level
■ Increase KIT's renewable energy portfolio to ~1.3GW
■ Increase exposure to renewable energy to 22%¹ of AUM
KIT's carbon emissions
intensity by 4.8%
Carbon emissions intensity
Carbon emissions ('000+ CO2) /
Distributable Income (S$m)
8.6
KIT's renewable energy
portfolio to 1.3GW
4.8%
8.21
European
Onshore
Wind
Platform
275MW¹
German
Solar
Portfolio
585MW
German
Offshore Wind
Farm
465MW
1. Includes the proposed investment in Fäbodliden II which is expected to be completed in 4Q 2023.
2. Add-on services for battery storage or EV charging systems as part of PV installations.
3. Based on conversion factor of 349 gCO2/KWh per IEA emissions factors.
31 Dec 2022
Post-investment
KIT
KEPPEL
INFRASTRUCTURE
11
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