Zhang XiutingGreen Mark Department, Existing Buildings
13 May 2014
Presentation Overview
• BCA Green Building Movement
• Barriers• Business Case• BREEF & GMIS‐EB• Case Studies• Lessons Learnt
Singapore Green Building Roadmap
2005‐2008
• Launched Green Mark Scheme
•Offered cash incentives
•Govt taking lead
• Legislation on new buildings
• Industry training
•Public outreach
2009
•Topped up incentive
•Offered bonus GFA
•Set higher energy standards
2011
• Launched the first EE financing scheme (BREEF) in Singapore
2014
• Legislation on existing buildings.
•Min. Green Mark standards
•Periodic energy audit submission.
Singapore BCA Green Mark Scheme
1. Customized for Tropics
2. Huge Emphasis on Energy Efficiency
3. High accuracy permanent M&V instrumentation
Our Target
Today – 22% 2030 – 80%
Barriers to Energy Efficiency Projects
Multi‐Owners
•High upfront costs. •Limited sinking fund.• If it’s not broken, don’t fix it.• Not confident.
•Not familiar with technical aspect of EE projects.• Lack of collateral.
Single Owner/ MNCs
• Low priority to top management.• Unfamiliar with EE.• Not confident.
Business Case of EE Retrofits
Type of Development
Simple Payback Range (years)
Average Simple Payback (years)
Retail 4 to 7 4.6
Office 4 to 8 6.3
Hotel 3 to 6 4.1
Mixed Development 3 to 7 5.4
BCA‐ NUS PROJECT ON VALUATION OF GREEN COMMERCIAL PROPERTIES
A saving of 10% in operating expense will translate into
a 2% increase in capital value.
Green Buildings Enhance Asset Value
BREEF• Energy Performance Contract (EPC)‐ effective tool in overcoming some barriers.
• Local ESCOs has limited financial capacity.
+
Loan Risk Sharing Partner
• S$5 million• 8 years
Max Quantum/ Tenure
• Building owners/ MCSTs
• ESCOs• SPVsEligible applicants
• EE retrofits meeting min. GM Certified level.
Eligible projects
GMIS‐EB
• Green Mark Incentive Scheme for Existing Buildings
CASH INCENTIVEco‐funds up to 50% for
energy efficiency improvements
HEALTH CHECK SCHEMEco‐funds 50% of energy audit costs for chiller
plant efficiency
$100 million GMIS‐EB
(launched on 29 April 2009)
Case Study 1: Tong Eng Building
• 32 year old•Office building• Located in Central Business District• 6 year EPC with ESCO•Total cost USD2.15m • Took on BREEF loan for USD 0.96mil•Achieved savings: 1.5 GWh/year or USD $350,000•57% reduction in energy bills• Approx 6 years payback
Case Study 2: North Bridge Centre
• 20 year old• Mixed office and retail building• 7 year EPC with ESCO•Total cost USD2.2m • Took on BREEF loan for USD 1.65mil•Achieved savings: 0.8 GWh/year or USD $188,000•27% reduction in energy bills• Approx 11 years payback
Case Study 3: AXA Tower
• 26 year old• Office building• 5 year EPC with ESCO•Total cost USD$374,000 • Took on BREEF loan for USD $336•Achieved savings: 0.24 GWh/year or USD $56,000•27% reduction in energy bills• Approx 7 years payback
Lessons Learnt
• EE financing not silver bullet.
• Incentive helps, but not long term measure.
• Legislation pushes EE retrofits.
• Needs a better catalyst.
• Green building movement underpinned by strong business case in Singapore.
Lessons Learnt
• Sustained performance High accuracy permanent M&V instrumentation.
For more information, please email to [email protected]
Organised byDiamond Sponsor
Build Green ‐ Lead, Engage, Sustain1 ‐ 3 Sep 2014 Sands Expo & Convention Centre, Marina Bay Sands
Singapore 3rd Green Building Masterplan <New> Preview on Green Mark Version 5 Latest update of BCA Green Mark Schemes Updates from the Asia‐Pacific region on Sustainable Developments Green Building Trends, Technologies & Strategies Converge with 10,000 delegates from over 50 countries Green Tours Held alongside the annual BEX ASIA 2014
(exhibition of green construction and building products and services)
For more information, please refer tohttp://www.sgbw.com.sg/or email to [email protected]
For sponsorship opportunities,please contactMr Benjamin HuangTel: +65 6325 5084Email: [email protected]
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We shape a safe, high quality, sustainable and friendly built environment.
Thank youZhang Xiuting
Building and Construction [email protected]