By TMR

Solarvest Holdings Bhd has secured a new contract worth RM22.2 million from NEFIN Group to install rooftop solar photovoltaic panels on the facilities of XSD International Paper Sdn. Bhd. in Padang Meha, Kedah. 

In a statement today the company said it will undertake the engineering, procurement, construction, and commission (EPCC) works for the installation of solar PV panels on the rooftop of the paper manufacturer with a capacity of 9.2 megawatt-peak.

The project is expected to be completed by the third quarter of 2022.  

“The momentum of our commercial and industrial (C&I) scale solar segment remained intact with the latest contract secured. 

“Having worked with NEFIN before and given its standing in the renewable energy space, the contract attained speaks volumes about our capabilities as a turnkey solar solutions provider,” said Group CEO of Solarvest Davis Chong Chun Shiong.

He added there’s still ample room for Solarvest to expand in the C&I segment particularly as the country is heading towards cleaner sources of energy.

“The likely introduction of carbon pricing and carbon tax as well as the accentuated focus on Environmental, Social, and Governance or ESG policies amongst stakeholders and investors, more companies will be incentivised to adopt clean energy with solar being the prominent choice.” 

Solarvest recently announced an initiative to make solar financing and leasing accessible to prospective C&I clients via the Powervest programme,said Davis.