Sime Darby Property Berhad has announced the establishment of a strategic partnership with Tenaga Nasional Berhad to explore potential joint venture partnerships to integrate rooftop solar solutions in the Group’s townships and developments.
The residential solar pilot project includes the leasing of rooftop spaces or the implementation of rooftop solar solutions up
to 1,000 existing and future properties in the City of Elmina or other potential townships. Additionally, the developer and TNB will also seek to explore the implementation of electric vehicle charging infrastructure within townships and/or developments by the Group. Both strategic partners will also look into microgrid solutions in townships, managed industrial parks and landbanks within Sime Darby Property.
“Renewable energy involves more than just producing electricity and tackling the issue of finite resources. It is about fostering an environmentally and socially conscious mindset. By pursuing sustainability-focused initiatives, we will support Malaysia’s efforts to meet its clean energy goals and uphold our Purpose to be a Value Multiplier for People, Businesses, Economies, and the Planet,” said SDP GCEO Dato’ Azmir Merican.
Earlier, the group announced its support for the Government’s vision to achieve 70% renewable energy generation capacity by 2050 in conjunction with the NETR Phase 1 launch by Minister of Economy, YB Mohd Rafizi Ramli.
In a presentation titled Sime Darby Property – Solar Solutions for Townships, the Group outlined its entry into rooftop solutions for solar energy production, which is in line with the property developer’s plan to become a real estate company with diversified income streams by 2025.
