Samaiden starts operation of 531 kWp rooftop solar PV plant - MIDA | Malaysian Investment Development Authority
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Samaiden starts operation of 531 kWp rooftop solar PV plant

Samaiden starts operation of 531 kWp rooftop solar PV plant

23 Dec 2022

Samaiden Group Bhd’s wholly-owned subsidiary, Samaiden Capital Management Sdn Bhd’s first solar investment project at Sunway Nexis has commenced operation today.

In a statement, the clean energy solution specialist said it would operate and maintain the rooftop solar photovoltaic (PV) system with an installed capacity of 531 kilowatt-peak (kWp) for a duration of 20 years.

Based on the generation of 12.5 million kilowatt hour (kWh) over the 20-year period, this can reduce approximately 8,400 tonnes of carbon emissions.

Group managing director Chow Pui Hee said: “As part of the diversification plan for our group, we are delighted to see the completion of this first investment project, in which the power purchase agreement (PPA) was signed with Perbadanan Pengurusan Sunway Nexis (Sunway Nexis Management Corporation) back in December 2021.”

“This is a remarkable milestone for us as this facility will contribute positively to our revenue and cash flow on a recurring basis for 20 years,” she added.

Meanwhile, Sunway Nexis Management Corporation chairman Teo Poh Heng said Sunway Nexis was happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of renewable energy (RE) and its benefits to the owners and tenants of the building.

“I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation’s initiative on implementing environmental, social and governance (ESG) principles in the workplace. It starts with wise and timely corporate decisions that has long-term repercussions for all concerned.”

Source: The Star