Press Releases

Down Town Plaza Embracing Sustainable Energy Solutions

14 May 2024

Steamships is pleased to share its sustainability initiative of the installation of solar panels on top of Downtown Plaza, located in the capital’s Central Business District.

The project marks a significant step towards the company’s dedication to utilising renewable energy sources and reducing its carbon footprint. Installing solar panels highlight the company’s broader efforts to improve the environmental sustainability of Downtown Plaza but also represent a vital step towards a more environmentally conscious future.

Leading the solar panel project, Pacific Palms Property (PPP) is working in collaboration with PNG Power Limited (PPL) on the pioneering PPL Solar Pilot Program. Other key stakeholders include Astra Solar Limited and YZ Consulting. Upon completion, the energy produced by the panels will supplement the existing power supply. While the panels harness electricity from sunlight, the traditional power grid will remain accessible to provide a reliable energy source for Downtown Plaza.

“Steamships and its businesses commend PNG Power’s pilot initiative to implement renewable energy solutions. Steamships have made a long-term commitment to reducing our carbon footprint, adopting best practices with an aim to achieve net zero emissions by 2050.” said Steamships MD Rupert Bray.

“With mutual dedication to explore renewable energy, we hope to continue working with PPL, and as leading business houses, embrace sustainable power solutions within PNG”

Downtown Plaza serves as the model project for an initiative that ensures our buildings are more resilient during adverse conditions. This endeavour not only prioritises resilience but also extends a helping hand to tenants striving to meet their Environmental, Social, and Governance (ESG) targets.

This public and private sector collaboration shows a shared commitment to deploy technologies that not only advance infrastructure but also foster the development of Papua New Guinea as a whole. As this initiative gains traction, its impact is poised to expand far beyond Downtown Plaza, offering a blueprint for progress and sustainability.

The project highlights the businesses strong commitment to environmental stewardship and paves the way for additional initiatives aimed at enhancing the sustainability of PPP assets. Recent sustainability efforts include the Steamships Corporate Office, @345, which obtained the Excellence in Design for Greater Efficiencies (EDGE) certification, establishing it as the first “green” commercial building in PNG and the Pacific. The solar project is due for completion Q4, 2024.

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