MALAKOFF Corp Bhd is taking significant steps towards accelerating its energy transition initiatives in line with the National Energy Transition Roadmap (NETR) outlined by the Malaysian government.
Malakoff has signed a solar power purchase agreement (SPPA) through its subsidiary, Malakoff Radiance Sdn Bhd, with the DRB-Hicom group of companies, including Modenas, PMB Properties Sdn Bhd, Isuzu Hicom Malaysia Sdn Bhd, and others.
The agreement entails the development, operation, and maintenance of solar photovoltaic systems at 14 locations across Selangor, Perak, Kedah, Melaka and Pahang.
The total capacity of these systems amounts to 20.78MWp, generating 26,546.45MWh per annum.
It is anticipated that this project will make a significant contribution to reducing carbon emissions, equivalent to the sequestration of CO2 from the atmosphere.
This initiative further strengthens Malakoff’s commitment to achieving a 500MW target of solar projects within the Albukhary Group of companies, thereby actively addressing climate change and promoting a transition to cleaner energy.
Under its newly established business pillar, Malakoff Green Solutions, the company focuses on providing green energy solutions through sustainable best practices.
Currently, it possesses a total of 151MW of renewable energy (RE) generating capacity.
Malakoff MD and CEO Anwar Syahrin Abdul Ajib believes that the growing sustainably is not just the responsible thing to do, but it also represents Malakoff’s most viable option.
“As climate change is becoming a stark reality, corporations hold a significant responsibility in convening expertise and diverse perspectives to develop comprehensive strategies for addressing this global challenge.
“Hence, the establishment of Malakoff Green Solutions where we aim to be the preferred commercial solar energ y solutions provider in the country. As we are aggressively making headway in the solar power business, we also aim to fully utilise our other RE offerings that include small hydropower installation, the application of battery energy storage system (BESS), electric vehicle (EV) charger installation and the deployment of green mobility which we are currently heavily exploring.
“These initiatives demonstrate our unwavering commitment to support the government’s net zero emissions target by 2050,” he said.
The SPPA signifies Malakoff’s commitment to the United Nations Sustainable Development Goal No 7 — Affordable and Clean Energy, focusing on ensuring access to affordable, reliable, and sustainable energy for all.
By expanding its solar portfolio, Malakoff is not only contributing to Malaysia’s energy transition goals but is also positioning itself as a leader in sustainable and clean energy solutions. The collaboration with DRB-Hicom Bhd and its group of companies demonstrates the private sector’s commitment to addressing climate change and reducing carbon emissions. — TMR
- This article first appeared in The Malaysian Reserve weekly print edition