Continental partners Solarvest for PV system - MIDA | Malaysian Investment Development Authority
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Continental partners Solarvest for PV system

Continental partners Solarvest for PV system

22 Dec 2023

Continental Tyre AS Malaysia Sdn Bhd has partnered Solarvest Holdings Bhd to install a 618.75 kWp rooftop solar photovoltaic (PV) system at the tyre maker’s Alor Setar, Kedah, manufacturing plant.

In a joint statement, Continental said the solar PV system would help offset at least 536 tonnes of carbon emissions and save over 800 megawatt-hours (MWh) in electricity usage annually.

“Continental is committed to higher energy efficiency and environmentally sustainable manufacturing (and is on) the path to carbon neutrality by 2040,” it said, adding that the move leverages the Net Energy Metering (NEM) scheme.

The government’s NEM scheme introduced in 2016 encouraged electricity consumers – both households and businesses – to install PV systems on the rooftops of their premises to convert sunlight into solar energy and sell the excess energy generated to the national grid.

Continental plant manager Noor Izwan Ismail said the installation of the PV system demonstrates both sustainable growth and innovation that go hand-in-hand with environmentally friendly solutions.

“At Continental, we have four key target areas to achieve by 2050, one of which is high energy and resource efficiency, complemented by low emissions operations,” he added.

Meanwhile, Solarvest executive director and group chief executive officer Davis Chong Chun Shiong said the completion of the project will take them a step closer towards Malaysia’s net-zero targets.

He said Continental’s move into clean energy aligns with Malaysia’s National Energy Transition Roadmap which aims for net-zero emissions by 2050, fostering a greener manufacturing industry.

Source: Bernama