KUALA LUMPUR: S P Setia Bhd has initiated the first phase of its green initiatives in partnership with Tenaga Nasional Bhd with the installation of solar panels at its corporate HQ in Setia Alam, Shah Alam.
It said in a statement it had appointed TNB subsidiary GSPARX Sdn Bhd to provide about 10MWp of solar rooftop for photovoltaic self-consumption of its commercial buildings.
The initiative is expected to reduce up to 9,053 tons of carbon dioxide a year.
"Our collaboration will accelerate the adoption of green lifestyles amongst our communities and us. We hope that our collaboration will propel Malaysia toward its pledge of achieving carbon neutrality by the year 2050," S P Setia president and CEO Datuk Choong Kai Wai.
According to S P Setia, the installation of solar panels will also be implemented at S P Setia's six other commercial assets including Setia City Mall, Setia City Convention Centre 1 and Setia City Convention Centre 2, Setia EcoHill Club 360, Setia Alamsari Welcome Centre and Setia Tropika Welcome Centre.
Moving forward, the partnership with TNB will also equip S P Setia's projects with green solutions to be battery-ready by allowing energy storage from solar generation for households and townships, and electric vehicle-ready with charging infrastructure to support green mobility choices.
“TNB is supportive of S P Setia’s ambition to fulfil their ESG goals as we extend our full commitment in delivering our rooftop solar solutions to the first seven identified commercial assets, starting with their corporate office in Setia Alam.
"Once the installation at all seven premises is completed, the total carbon sequestered is equivalent to about 150,000 tree seedlings grown for 10 years,” said TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan.