Ayisy Yusof
KUALA LUMPUR: Malakoff Corp Bhd's subsidiary Malakoff Radiance Sdn Bhd has sealed solar power purchase agreements (SPPAs) with six companies under DRB-HICOM Bhd for the development of rooftop solar energy systems.
In a statement today, the independent water and power producer said the solar facilities will be installed under a build-own-operate-transfer (BOOT) contract as part of a 25-year SPPA.
Upon completion, Malakoff said the facilities would generate 18,836 MWh of clean electricity annually.
This will in turn collectively neutralise about 13,072 tonnes of carbon emissions annually from the manufacturing industry.
The six are CTRM Aero Composites Sdn Bhd, HICOM Automotive Manufacturers (Malaysia) Sdn Bhd, Isuzu HICOM (M) Sdn Bhd, HICOM Teck-See Manufacturing Sdn Bhd, HICOM Bhd and Motosikal dan Enjin Nasional Sdn Bhd.
Malakoff managing director and chief executive officer Anwar Syahrin Abdul Ajib said this demonstrated the company's commitment to expanding its renewable energy (RE) generation portfolio.
He is confident that Malakoff would capture new growth opportunities in the RE sector as the project was yet another milestone in its expansion in the rooftop solar segment.
"We have the capacity and capability to further embark on collaboration and ventures with any business entity for rooftop solar systems. I am optimistic about the growth in the rooftop solar segment that we are experiencing now given the drive by many businesses to tackle the global issue on climate change.
"As a leading player in the power and waste management sector, our clients and partners trust our ability to help them achieve their agenda on tackling carbon emissions," he said.
Malakoff is looking to achieve its long-term goal of being a sustainable clean energy solutions provider while giving value-added services to its clients in realising cost savings and enhancing efficiency in their operations.
"More importantly, this is a great opportunity for all parties to contribute towards the country's transition to a clean energy future.
"Malakoff itself is undertaking a transformation towards decarbonisation by 2050. These are the types of projects that will provide building blocks to enable us to achieve carbon neutrality and eventually net-zero carbon emissions by 2050," Anwar said.
Malakoff's expansion is in line with the government's aim of meeting the RE capacity mix target of 31 per cent by 2025.
Malakoff recently secured rooftop solar projects with the country's largest mall operator, AEON Co (M) Bhd and renowned logistics industry players such as Northport (Malaysia) Bhd, Johor Port Bhd and Pos Malaysia Bhd.
The company said all the projects combined, with a total capacity of 25,444 kWp, would generate 33,243 MWh per annum and neutralise 23,070 tonnes of carbon emissions per year.
The projects are part of Malakoff's transformation agenda which are aligned with the United Nations 17 Sustainability Development Goals.
Apart from rooftop solar, Malakoff wants to expand into other RE generating capacities such as mini-hydro, waste-to-energy (WTE) and biogas power plants in Malaysia.