Lotus’s Stores Sdn Bhd enters into a 20-year Power Purchase Agreement (PPA), with Altervim Company Ltd., beginning on 30 March 2023. The retailer enters its Phase 3 to install solar photovoltaic panels (PV) on 21 Lotus’s rooftops and at its Ambient Distribution Centre, Bukit Beruntung.
“The solar PV panels will collectively produce 20,000,000 kilowatt hours (kWh) of clean electricity per year once the installation is complete in September 2023. This is equivalent to lighting more than 3500 homes per year.” According to Mr. Kenneth Chuah, President of Lotus Malaysia, clean energy will offset 9,585 tons of CO2 in the atmosphere.
Altervim will invest fully in the 22 solar panels. This includes the design, installation, and operation of solar PV systems. Plus Xnergy Sdn Bhd was appointed the local Clean Energy Specialist for the project.
Kenneth added that “Through the Lotus’s-Altervim PA, this makes Lotus’s Malaysia the largest commercial PV installation in Malaysia to date.”
Lotus’s Malaysia currently has 65 stores and two distribution centers in Peninsular Malaysia. The retailer will have 49 stores and one Distribution Center with the combined PPA. This will make 75% of Lotus’s facilities solar-powered by 2023. This further reinforces the company’s commitment to carbon neutrality by 2030.