Singapore (September 23, 2022) – Bell Textron Inc., a Textron Inc. (NYSE:TXT) company, announced the signing of an agreement with Cleantech Solar, a leading provider of renewable energy solutions in Southeast Asia and India, to develop a 1.8 MWp rooftop solar photovoltaics (PV) system at the Bell facility in Singapore.
Cleantech Solar will operate the solar PV system under a long-term Power Purchase Agreement (PPA). Scheduled to be commissioned in Q1 2023, the solar PV system will replace a portion of Bell’s electricity consumption with clean energy generated at Bell’s Singapore facility.
During its lifetime, Bell’s solar PV system is expected to generate close to 40 GWh of clean energy, which will amount to a reduction of over 16 kilotons of CO2 emissions. In addition, Cleantech Solar will also install two charging stations to support Bell Singapore employees who drive electric vehicles.
“At Bell, reducing the amount of energy we use at our facilities forms a key part of our sustainable future and ambitions,” said Mark Loh, general manager, Bell Asia. “Today’s agreement with Cleantech Solar allows Bell Asia to contribute positively to Bell and Textron’s sustainability goals and to the Singapore government’s Green Plan 2030.”
In 2020, as part of its Achieve 2025 initiative, Textron established a set of five-year sustainability goals, including a 20% reduction in greenhouse emissions, a reduction in energy and water use intensity by 10%, and a reduction of waste generation by 10%.
Thinking above and beyond is what we do. For more than 85 years, we’ve been reimagining the experience of flight – and where it can take us.
We are pioneers. We were the first to break the sound barrier and to certify a commercial helicopter. We were a part of NASA’s first lunar mission and brought advanced tiltrotor systems to market. Today, we’re defining the future of advanced air mobility.
Headquartered in Fort Worth, Texas – as a wholly-owned subsidiary of Textron Inc., – we have strategic locations around the globe. And with nearly one quarter of our workforce having served, helping our military achieve their missions is a passion of ours.
Above all, our breakthrough innovations deliver exceptional experiences to our customers. Efficiently. Reliably. And always, with safety at the forefront.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com.
Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, changes in aircraft delivery schedules or cancellations or deferrals of orders; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; changes in government regulations or policies on the export and import of our products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; and risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries.
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