The clean energy solution specialist’s wholly-owned subsidiary, Samaiden Capital Management’s first solar investment project at Sunway Nexis has commenced operation on 23 December 2022.
Samaiden will operate and maintain the rooftop solar PV system with an installed capacity of 531 kilowatt-peak (kWp) for a duration of 20 years.
The project can reduce approximately 8,400 tonnes of carbon emissions, based on the generation of 12.5 million kilowatt hour (kWh) over the 20-year period.
“As part of the diversification plan for our Group, we are delighted to see the completion of this first investment project, in which the Power Purchase Agreement (PPA) was signed with Perbadanan Pengurusan Sunway Nexis (Sunway Nexis Management Corporation) back in December 2021,” Group Managing Director of Samaiden, Ir. Chow Pui Hee remarked.
“This is a remarkable milestone for us as this facility will contribute positively to our revenue and cash flow on a recurring basis for 20 years,” she added.
“We must focus on the future of our planet and emphasize sustainability of renewable energy (RE) and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building,” Sunway Nexis Management Corporation Chairman, Mr. Teo Poh Heng said.
“I must thank Samaiden for taking this bold initiative to invest in Solar PV for Sunway Nexis as this is in line with our nation’s initiative on implementing Environmental, Social and Governance (ESG) principles in the workplace. It starts with wise and timely corporate decisions that has long-term repercussions for all concerned,” Teo added.
“With the recent announcement made by the Minister of Natural Resources, Environment and Climate Change YB Nik Nazmi Nik Ahmad on the surcharge of 20 sen/kWh to be imposed for industry medium voltage and high-voltage users including multinational corporations, we foresee that the solar PV system will be the best alternative for them to deploy in order to reduce their electricity bills,” Ir. Chow concluded.
