G Capital unit signs 25-year solar PPA

KUALA LUMPUR: G Capital Bhd’s 70%-owned subsidiary Solarcity Malaysia Sdn Bhd has signed a 25-year solar power purchase agreement (PPA) with Aryzta Solutions Malaysia Sdn Bhd.

In a filing with Bursa Malaysia, G Capital said Solarcity would supply solar photovoltaic (PV) energy to Aryzta via a 1,100KWp solar PV system located at the latter’s premises in Pulau Indah, Selangor.

The PPA is not expected to have any material impact on the earnings and net assets of G Capital for the financial year ending Dec 31, 2022.