- Solarvest secured solar PV system contract with Dexcom at its first manufacturing site outside US
- Prioritising sustainability, 3.6MWp solar PV system to be installed at Dexcom’s main buildings facilities and carpark, the largest of its kind in Batu Kawan, Penang
Kuala Lumpur, 26 July 2023 – Clean energy expert, Solarvest Holdings Berhad (“Solarvest” or the “Group”) has secured a contract with Dexcom Malaysia Sdn Bhd (“Dexcom”) to install a 3.6 megawatt-peak (“MWp”) solar photovoltaic (“PV”) system at its manufacturing facility in Batu Kawan, Penang, the largest of its kind in the area.
Dexcom is a subsidiary of the US-based DexCom, Inc., an industry-leading provider of continuous glucose monitoring systems. The manufacturing facility in Batu Kawan is its first overseas facility.
Solarvest will serve as the engineering, procurement, construction, and commission (“EPCC”) provider for the installation of rooftop solar PV for the main building facilities and carpark. With the expected generation of 3.6 MWp of clean energy, it allows Dexcom to offset 3,190 tonnes of carbon dioxide.
Chief Executive Officer of Malaysian Investment Development Authority (“MIDA”), Datuk Wira Arham Abdul Rahman said, “We are excited about Dexcom’s commendable initiative towards operate sustainably in our country. Dexcom’s continued investment in enhancing its operations aligns with Malaysia’s ambitious goal of achieving net-zero carbon emissions as early as 2050. This move not only showcases Dexcom’s corporate responsibility but also sets an inspiring example for businesses aspiring to contribute to a sustainable Malaysia. With a heightened focus on Environment, Social and Governance (“ESG”) principles is expected to stimulate sustainable growth and effectively address the pressing challenges posed by climate change.” He further emphasised, “MIDA is dedicated to positioning Malaysia as the preferred sustainable investment destination by leading players in the global value chain, and it is the presence of strong local players like Solarvest that reinforces our commitment. In line with our National Investment Aspirations (“NIA”) and the New Investment Policy (“NIP”), we aim to foster sustainable growth and a greener future for Malaysia.”
Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are delighted to be entrusted by US-based Dexcom to deliver their very first overseas manufacturing facility in Malaysia with our reliable and efficient clean energy solution. This is expected to contribute towards their overseas expansion ESG initiatives, while being able to optimise operational cost.”
“The growing recognition of sustainability’s significance in business operations has led to a surge in the adoption of clean energy by corporates. As a result, our job pipeline remains strong, with a tender book of approximately 2.5 gigawatts (“GW”) across Malaysia, Taiwan, Philippines, Vietnam, Indonesia, Singapore, and Thailand.”
“We are also targeting to boost our current unbilled order book of RM550.0 million by leveraging on the release of the 800 megawatts (“MW”) solar PV assets quota under the Corporate Green Power Programme (“CGPP”). With more corporations looking to reduce their carbon footprint, Solarvest is committed to providing our customers with clean energy solutions.”
Global Environmental, Health, Safety & Sustainability (“EHSS”) Senior Director of DexCom, Inc, Meredith Raymond said, “At Dexcom, we prioritise sustainability and have set forth a comprehensive strategy to reduce our Group’s greenhouse gas (“GHG”) emissions across our operations and supply chain. We actively pursue the implementation of clean energy solutions that help minimise our carbon footprint, aligning with one of our core objectives of promoting environmental responsibility.”
About Malaysian Investment Development Authority (MIDA)
MIDA is the government’s principal promotion agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram, Facebook, LinkedIn, TikTok and YouTube channel.
About Solarvest Holdings Berhad
Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific. The Malaysia-based company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest also owns renewable energy generation plants with a cumulative capacity of over 100MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, energy efficiency, low-carbon mobility, and renewable energy certificates.
Solarvest is listed on the Main Market of Bursa Malaysia. For more information, log on to https://solarvest.my
Released on behalf of Solarvest Holdings Berhad by Capital Front Investor Relations.
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Solarvest to Power US-Based Dexcom’s First Overseas Facility with Largest Solar PV System in Batu Kawan, Penang