KUALA LUMPUR: Lagenda Properties Bhd has appointed Solarvest Holdings Bhd as its solar photovoltaic (PV) systems partner to install 1,000 residential solar PV systems across three township projects developed by it in Perak.
Lagenda Properties said the project would be Malaysia's largest sustainable clean energy generation in affordable townships.
Managing director Datuk Jimmy Doh Jee Ming said Lagenda Properties would continuously incorporate elements to improve the B40 and M40 groups' quality of life at an affordable rate.
The company's sustainable township is designed to cater for the B40 and M40 income groups.
"We saw numerous households facing the challenge of increased electricity bills during the MCO (Movement Control Order) period, and this prompted us to find an alternative solution.
"Solar panels have the ability to reduce house temperature and generate electricity all year round. Partnering with Solarvest allows us to leverage economies of scale to deliver the greatest value to our house buyers.
"With savings from utility bills over the long term, Lagenda Properties' home buyers will ultimately enjoy a lower cost of living, adding to the attractiveness and affordability of our projects," he said.
Doh said the company aims to build at least one new sustainable township every year.
Solarvest group chief executive officer Davis Chong Chun Shiong said the tie-up with Lagenda Properties represents a breakthrough in the company's expansion to the property market.
"It is also by far our single-largest residential solar project, and that makes it even more meaningful to us.
"Through this project, we will be providing the local communities direct access to green energy and at the same time enabling them to partake in the net-zero movements right from their homes.
"This marks a step forward in realising our vision to create a world generated by renewable energy," he said.