Investment company Urban Renewables, which focuses on sustainable energy solutions in metropolitan areas, has launched a subsidiary in Singapore.
Urban Renewables (Singapore) PTE will support the island state’s journey in becoming a more sustainable and climate resilient city through developing and investing in innovative energy solutions.
Managing director and co-founder Edgare Kerkwijk said: “The set-up of Urban Renewables in Singapore is a key step for our company.
“Covid-19 has disrupted the global economy and upended life as we know it.
“In these unprecedented times, competent leadership in energy transition has never been more critical, and this requires a deep understanding of sustainability issues with urban areas.
“We will actively support the development of energy solutions, such as, energy efficiency, solar rooftops and energy storage in Singapore.”
Urban Renewables was established to make cities more sustainable and to provide communities with the opportunity to participate in renewable energy projects in their own cities.
In addition to Singapore, preparation for similar initiatives to launch in Melbourne and Kuala Lumpur are underway.
Head of business development Suen Bohn added: “The challenge of the energy transition can only be tackled through global sharing of expertise and experiences.
“Our forward-thinking model allows cities to maximize their enormous potential of using local sustainable resources and become part of the global efforts to create sustainability in communities.”