KUALA LUMPUR: Solarvest Holdings Bhd has secured a contract to instal a 14-megawatt peak (MWp) rooftop solar photovoltaic (PV) system at Toyo Tyre Malaysia Sdn Bhd’s (TTM) tyre manufacturing plant in Kamunting, Perak, the largest of its kind in the area.
Clean energy expert, Solarvest will undertake the engineering, procurement, construction, and commission works for the installation of the solar PV system at TTM’s main buildings/facilities covering a rooftop area of 96,000 square metres.
The expected generation of 14 MWp of clean energy allows TTM to offset 12,195 tonnes of carbon dioxide annually through its RE100 initiatives.
Malaysian Investment Development Authority (MIDA) chief executive officer Datuk Wira Arham Abdul Rahman highlighted TTM’s strong dedication to maintaining sustainable operations.
"As the world transitions to a low-carbon future and a greener economy, MIDA is taking steps to help businesses overcome the challenges and capture the opportunities of the green transition.
"We applaud TTM’s RE100 initiatives, which underscore its firm commitment to environmental, social, and governance principles within their corporate framework,” he said in a joint statement by MIDA and Solarvest today.
Meanwhile, Solarvest executive director and group chief executive officer Davis Chong Chun Shiong said the company is confident in its ability to assist TTM in achieving optimal energy efficiency for the plant while ensuring timely project completion.
"There is a growing interest in clean energy adoption, especially among commercial and industrial (C&I) players as corporate sustainability initiatives gain momentum and in anticipation of carbon pricing mechanisms.
"Our job pipeline remains strong with a tender book of approximately 2.2 gigawatts, comprising large-scale power plants, C&I, and overseas projects.
As a decarbonisation partner, Solarvest is committed to promoting energy transition through efficient renewable energy solutions and innovative green technologies,” he added.
The RE100 is the global corporate renewable energy initiative bringing together hundreds of large and ambitious businesses committed to 100 per cent renewable electricity. - Bernama