KUALA LUMPUR: G Capital Bhd's subsidiary, Solarcity Malaysia Sdn Bhd, has completed the installation and commenced operation of a solar photovoltaic electric power generation (solar PV) system with Chin Well Fasteners Co Sdn Bhd.
Solarcity installed the solar PV system at Chin Well Fasteners' premises in Bukit Mertajam, Penang.
Chin Well Fasteners is a wholly-owned subsidiary of Chin Well Holdings Bhd.
Its group of companies are principally involved in manufacturing a wide range of fastening products and wire products.
G Capital executive director Datuk Yap Yee Ping said the company is pleased with the completion and commissioning of this 2,380.32 kilowatt peak (KWp) solar PV system.
"With that, we have an energised 17.41-megawatt peak (MWp) solar PV system this year and currently monetising from 18.51 MWp operating solar PV systems in an estimated yearly revenue of RM5.88 million.
"We remained optimistic towards the future outlook of our businesses and Malaysia as we approached the 15th Malaysian general election (GE15) November 19, 2022," said Yap.
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