Malaysian property developer Sime Darby Property and utility firm Tenaga Nasional Berhad (TNB)’s solar solution provider subsidiary GSPARX have joined forces to undertake rooftop solar projects in Malaysia.

The duo said in a statement on Thursday that they have launched a joint venture to promote sustainable renewable energy initiatives in Malaysia.

According to the statement, this collaboration will leverage Sime Darby Property’s extensive portfolio of assets and developments, along with GSPARX’s proven track record in delivering rooftop solar projects.

The joint venture will focus on financing, developing, and operating rooftop solar generation projects throughout Sime Darby Property’s asset portfolio and townships.

To date, 14 assets have been identified, with the potential to generate up to 4.5 megawatt (MW) of solar capacity, marking a significant step towards a greener future.

The joint venture aims to expand its solar capacity to 20 MW within five years and 50 MW within fifteen years.

The collaboration also allowed GSPARX to provide technical advisory, installation services, and ongoing maintenance for the rooftop solar installations.

Sime Darby Property’s Group Managing Director Azmir Merican said this sustainability-focused partnership signifies the firm’s expansion into the renewable energy sector to grow its recurring income portfolio, in line with the group transformation into a real estate company by 2025.

“Climate change is one of the biggest global challenges, and as the nation’s pioneering property developer, we have a great responsibility to take the necessary actions to minimize our operations’ impact and emissions on the planet,

“The rooftop solar initiative is one of Sime Darby Property’s near-term strategies to reduce 40 percent of its Scope 1 and 2 emissions by 2030 as the company transitions to renewable energy sources to power its operations and supply renewable energy to its commercial, industrial, and residential clients within its townships,” he added.

Meanwhile, GSPARX Managing Director Elmie Fairul Mashuri highlighted partnering with Sime Darby Property enables them to expand their footprint in the rooftop solar sector, aligning with our mission to provide sustainable energy solutions.

He opined that this joint venture is a significant step towards achieving the government’s renewable energy targets and demonstrates our dedication to advancing Malaysia’s green energy landscape.

He also said that through collaborative partnerships and forward-looking initiatives, they are not just building rooftop solar but a legacy of sustainable renewable energy solutions.

“Our commitment to driving renewable energy transitions underscores our vision for a greener future, empowering communities, enhancing property values, and contributing to Malaysia’s renewable energy targets,

“Together, we illuminate the path towards a brighter, more sustainable tomorrow,” he added.

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