Core Viewpoint - Springview Holdings Ltd has initiated its first pilot project for residential solar solutions in Singapore, marking a significant step in its sustainability strategy through collaboration with Jiangsu GSO New Energy Technology Co., Ltd [1][2]. Group 1: Pilot Project Details - The pilot project is located at 15 Jalan Nipah and aims to evaluate the economic, technical, and operational viability of rooftop solar solutions for landed residential properties in Singapore [2][3]. - A preliminary assessment indicates the potential for a solar photovoltaic system of up to approximately 60 kilowatts (kW), with an estimated daily generation of up to approximately 3.8 kilowatt-hours (kWh) per kW, leading to a potential total generation of approximately 228 kWh per day [3][10]. - The estimated monthly electricity savings from the solar generation could reach approximately S$2,000, translating to about S$24,000 annually, assuming substantial on-site self-consumption [4]. Group 2: Economic Viability - The indicative installation cost for the pilot project is approximately S$52,000, suggesting a potential simple payback period of about two to three years based on actual system performance and self-consumption levels [5]. - The project highlights the potential for rooftop solar solutions to provide significant long-term cost savings for homeowners with sustained electricity demand, in addition to environmental benefits [5]. Group 3: Collaboration and Future Plans - Under the collaboration framework, Springview will manage overall project delivery, regulatory coordination, and homeowner engagement, while GSO will provide technical expertise and engineering support [8]. - The pilot project aligns with the broader sustainability objectives of Singapore and may inform future offerings within Springview's residential design-and-build projects [7].