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S P Setia kick-starts green initiative partnership with TNB by installing solar panels on HQ building

S P Setia kick-starts green initiative partnership with TNB by installing solar panels on HQ building

28 Sep 2022

S P Setia Bhd and Tenaga Nasional Bhd (TNB) kick-started their green initiative partnership with the installation of solar panels on the developer’s corporate headquarters in Setia Alam, Shah Alam at a commencement signing ceremony on Wednesday (Sept 28). This is the first phase of S P Setia’s green initiatives in partnership with TNB.

The commencement roll-out was signed by S P Setia president and chief executive officer Datuk Choong Kai Wai, S P Setia chief strategy officer Lindayani Tajudin, TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan and TNB chief customer service officer of government and large business at retail division Nasaruddin Mohd Zaini.

The installation follows the signing of a memorandum of understanding on April 12 this year to provide smart and renewable energy solutions to the developer’s projects.

In his opening speech, Choong said: “For [S P Setia], we will strive to build infrastructure that will generate clean and renewable energy into the homes, offices, and commercial properties we live or work in. We [aim] to have all our future developments be solar-ready, battery-ready and electric-vehicle-ready.”

It was highlighted that S P Setia has appointed GSPARX Sdn Bhd, a wholly owned subsidiary of TNB, to provide about 10MWp of rooftop solar panels for photovoltaic self-consumption of its commercial buildings, which is expected to reduce up to 9,053 metric tons of carbon dioxide per year. An estimated RM3,000 will be invested for 1kWp of solar panels.

The installation of solar panels is part of S P Setia’s green agenda to address the challenges of climate change by providing solar-ready infrastructure to reduce electric consumption and carbon emissions as well as to enable efficient energy billings and sustainable living for its consumers and residents in the long run.

Representing TNB, Megat Jalaluddin shared: “TNB is supportive of S P Setia’s ambition to fulfil their ESG (environmental, social and governance) goals as we extend our full commitment to delivering our rooftop solar solutions to the first seven identified commercial assets, starting with their corporate office in Setia Alam. Once the installation at all seven premises is completed, the total carbon sequestered will be equivalent to about 150,000 tree seedlings grown for 10 years.”

The six other commercial assets include Setia City Mall, Setia City Convention Centre 1 and 2, Setia EcoHill Club 360, Setia Alamsari Welcome Centre and Setia Tropika Welcome Centre.

Source: The Edge Markets