IJM Land Teams Up With Progressture For Extensive Solar Integration In Property Developments

IJM Land Bhd, the property subsidiary of IJM Corp Bhd, announced a partnership with Progressture Power Sdn Bhd to jointly explore the deployment of up to 40 megawatts (MW) of solar power in future developments.

Under the memorandum of understanding, IJM Land will integrate solar rooftop systems with a capacity of 25MW into residential developments. Additionally, the collaboration includes the development of a 15MW floating solar farm spanning 37.5 acres (15.2 hectares) at IJM Rimbayu.

“This convergence of real estate and renewable energy opens up new growth opportunities within the property sector,” said Datuk Wong Tuck Wai, CEO of IJM Land.

Under the partnership, IJM Land and Progressture will implement an energy-as-a-service model to oversee energy assets and services for homeowners throughout IJM Land’s townships.

Progressture specializes in turnkey solutions for solar system ownership, offering services from financing and consultation to engineering, procurement, construction, commissioning, maintenance, and monitoring. The company’s portfolio comprises a 1.67MW project located in Jitra, Kedah, and a 1.16MW project situated in Perai, Penang.

The partnership aligns with Malaysia’s third-party access initiative in the electricity supply industry, facilitating energy supply via Tenaga Nasional Bhd’s transmission lines by independent power producers.

IJM estimates that its solar initiatives will collectively reduce carbon dioxide emissions by 40,997 tonnes annually and over one million tonnes over the next 25 years.

“Our ongoing efforts underscore solar energy as a viable renewable source, and this deployment is central to our pilot project,” noted Datuk Tony Ling, COO of IJM Land. “We are dedicated to utilizing residential rooftop areas and lakes within IJM Land developments to address obstacles hindering solar adoption.”