In line with Malaysia’s National Energy Transition Roadmap, Malakoff Corporation Berhad (Malakoff) is accelerating its energy transition efforts. The company, through its subsidiary Malakoff Radiance Sdn Bhd, has signed a Solar Power Purchase Agreement (SPPA) with the DRB-HICOM Group of Companies, including Motosikal dan Enjin Nasional (MODENAS) Sdn Bhd, PMB Properties Sdn Bhd, ISUZU HICOM Malaysia Sdn Bhd, and others.
This agreement covers the development, operation, and maintenance of solar photovoltaic systems at fourteen locations in Selangor, Perak, Kedah, Melaka, and Pahang. With a total capacity of 20.78 MWp and expected annual electricity generation of 26,546.45 MWh, this project is set to significantly reduce annual carbon emissions by 20,706 tCO2e, equivalent to the carbon sequestration of 23,204.56 acres of forest.
The exchange of documents containing the SPPA took place at the Saujana Hotel, Kuala Lumpur, and was witnessed by the respective organizations’ leaders. The implementation of solar energy at DRB-HICOM’s facilities aligns with Malakoff’s goal to achieve a 500 MW target of solar projects within the Albukhary Group of Companies. This move emphasizes Malakoff’s commitment to addressing climate change by providing renewable energy solutions and supporting the country’s transition to cleaner energy. Malakoff’s newly established business pillar, Malakoff Green Solutions, focuses on green energy solutions and currently has a total of 151 MW of renewable energy generating capacity.
Encik Anwar Syahrin Abdul Ajib, MD/CEO of Malakoff, emphasized the importance of sustainable growth in the face of climate change and expressed Malakoff’s commitment to being a leading commercial solar energy solutions provider in the country. He highlighted that besides solar power, the company is exploring other renewable energy offerings, such as small hydropower installation, Battery Energy Storage Systems (BESS), Electric Vehicle (EV) charger installation, and green mobility.
The Solar Power Purchase Agreement is part of Malakoff’s commitment to UN Sustainable Development Goal No. 7, which focuses on ensuring access to affordable, reliable, and sustainable energy for all.