Affordable housing and integrated township developer, Lagenda Properties Bhd has appointed clean energy specialist, Solarvest Holdings Bhd as its solar photovoltaic (PV) systems partner to build the largest sustainable affordable township in Malaysia.
Solarvest will install 1,000 residential solar PV systems across three township projects developed by Lagenda Properties in the state of Perak, Malaysia.
These solar-ready homes are in line with the Malaysian government’s recent launch of the NEM Rakyat programme. The PV system can generate up to 98% of the monthly electricity usage.
Solarvest will be supporting Lagenda Properties to build future forward homes by undertaking the solar design, supply, installation, testing, and commissioning works for the selected 1,000 homes located in Perak.
Upon completion of the project, the three townships will potentially produce approximately 2.8GWh of clean electricity which neutralises about 1,950 tonnes of carbon emissions per year.
Managing Director of Lagenda Properties Bhd, Dato Jimmy Doh Jee Ming says, “Lagenda Properties’ sustainable township is designed to cater for the B40 and M40 income groups. We will continuously incorporate elements that can improve their quality of life at an affordable rate. We saw numerous households facing the challenge of increased electricity bills during the MCO period and this prompted us to find an alternative solution.
“Solar panels have the ability to reduce house temperature and generate electricity all year round. Partnering Solarvest allows us to leverage on economies of scale to deliver the greatest value to our house buyers. With savings from utility bills over the long term, Lagenda Properties’ home buyers will ultimately enjoy a lower cost of living, adding to the attractiveness and affordability of our projects.”
Group Chief Executive Officer of Solarvest, Davis Chong Chun Shiong says, the tie-up with Lagenda Properties represents a breakthrough in the company’s expansion to the property market. “It is also by far our single-largest residential solar project and that makes it even more meaningful to us.
“Through this project, we will be providing the local communities direct access to green energy and at the same time enabling them to partake in the net zero movements right from their homes. This marks a step forward in realising our vision to create a world generated by renewable energy.”