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JLand Group, Cenergi SEA form JV for rooftop solar, energy efficiency solutions

JLand Group, Cenergi SEA form JV for rooftop solar, energy efficiency solutions

13 Nov 2023

JLand Group Sdn Bhd (JLG) and Cenergi SEA Bhd have formed a joint venture (JV) partnership with an investment value of RM140 million to deploy rooftop solar and energy efficiency solutions to JLG’s commercial and industrial (C&I) consumers across the JLG’s 4,479.50 hectares industrial parks in Johor.

JLG is Johor Corporation’s real estate and infrastructure arm, while Cenergi SEA is a subsidiary of UEM Group Bhd.

In a joint statement on Monday, the companies said the strategic partnership would jointly undertake investments, installations, operations, and maintenance of rooftop solar and energy efficiency solutions.

“The first phase of investments is expected to contribute approximately 13,000 megawatt hours (MWh) of green electricity generation and 8,000 tonnes of carbon emission reduction per year by the C&I consumers,” they said.

Johor Corporation real estate and infrastructure director and JLG deputy chairman Datuk Akmal Ahmad said by providing greater accessibility to on-site sustainable energy solutions via a zero capital expenditure (capex) model, JLG seeks to support its tenants toward the industrial sector’s aspirations for sustainable growth, while meeting the needful requirements as responsible businesses.

Cenergi SEA group chief executive officer Hairol Azizi Tajudin said the rooftop solar solutions will help factory owners and businesses at the industrial parks to save up to 30% of electricity cost, while energy efficiency solutions would potentially give another 10% to 20% savings.

“Businesses will be able to significantly reduce their carbon footprint and achieve an optimum level of building energy index (BEI), complying with new requirements of the Energy Efficiency and Conservation Act (EECA) 2023.

“This is a step in the right direction, as Malaysia is transitioning to net zero emissions as early as 2050,” he added.

Source: Bernama