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G Capital Installs 309.28 Kilowatts Peak Solar PV In Penang

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G Capital Bhd’s 70%-owned unit Solarcity Malaysia Sdn Bhd had completed the installation and began operation of a 309.28 Kilowatts peak PV solar power generation system at the plant of Muda Holdings Bhd’s Kampung Jawi, Simpang Ampat in Penang.

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G Capital stated in a filing that the commercial operation of the PV systems was Aug 19.

The solar PV is to be used in the supplemental power purchasing agreement, that Solarcity signed with Muda Paper Converting Sdn Bhd, Muda’s wholly owned subsidiary, on May 30th to add additional capacity.

Muda Paper Converting specializes in the conversion and sale of paper stationeries, and paper-based food packaging.

“I’m pleased to witness the completion and commissioning of 309.28KWp add-on to Muda Paper Converting. All these small yet crucial delivery of promises will help Malaysia to achieve the target set in its Renewable Energy Transition Roadmap 2035,” said GCAP’s executive director Datuk Yap Yee Ping.

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“With the completion of our latest 309.28KWp solar PV system in Simpang Ampat, this brings our total installed solar PV system capacity to 15.6MWp (megawatt peak) inception-to-date,” added Yap.

G Capital stated that the plant would contribute revenue and earnings over a period of 25 years according to terms agreed to in the PPA. G Capital via Solarcity has strategically placed itself to participate in the development of solar energy projects.

According to Solarcity’s most recent annual report, the company has secured six 25-year PPAs totalling 16.6 megawatts. It is currently completing the PPA on the letter award, which will be at least 14.15MW.

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