In line with the National Energy Transition Roadmap (NETR) Phase 1 launch by Minister of Economy, YB Mohd Rafizi Ramli at the Invest Malaysia KL 2023 Special Series, Sime Darby Property Berhad has announced its unwavering support for the Government’s ambitious vision to achieve 70% renewable energy generation capacity by 2050.
The renowned property developer outlined its commitment during a presentation titled “Sime Darby Property – Solar Solutions for Townships,” where it detailed its entry into rooftop solar energy production. This move aligns with the Group’s strategy to transform into a diversified real estate company by 2025.
Dato’ Azmir Merican, Group Managing Director of Sime Darby Property, emphasized that their commitment transcends mere asset value maximization. Instead, it signifies a dedication to shaping the future by embracing renewable energy, leading to diversified revenue streams and sustainable growth for both the company and investors.
As part of its venture into renewable energy, Sime Darby Property is currently exploring rooftop solar solutions in the City of Elmina, Shah Alam, targeting 1,000 residential landed units as a pilot. This groundbreaking project aims to pave the way for green townships and reduce carbon emissions significantly. Upon successful implementation, the initiative could expand to include 10,000 future Sime Darby Property homes over the next five years.
Dato’ Azmir highlighted that the project’s significance lies beyond energy generation; it fosters an ecosystem where previously unutilized rooftops of Sime Darby Property homes are harnessed to meet the surging demand for green energy. The model involves leasing rooftops from home buyers for solar solution installations, with the generated energy supplying high-demand users in the retail, commercial, or industrial sectors within the township.
Looking ahead, Sime Darby Property envisions the development of utility-scale ground-mounted solar farms on approximately 1,000 acres of its lands in Johor and Kedah. Alongside rooftop solar solutions, these solar farms will provide supplementary energy to meet the demand requirements of its townships.
Dato’ Azmir concluded by emphasizing that Sime Darby Property’s role as a key generator of solar energy for its townships is not merely a commercial endeavor but also an empowering step for communities and a significant contribution to Malaysia’s ambitious renewable energy transition. The company remains committed to accelerating the Government’s drive towards achieving net-zero emissions.