Sime Darby Property, TNB join forces to promote sustainable renewable energy initiatives

• This collaboration will leverage Sime Darby Property’s assets and developments, along with GSPARX's proven track record in delivering rooftop solar projects.

PETALING JAYA (July 12): Sime Darby Property and GSPARX Sdn Bhd, a subsidiary of Tenaga Nasional Bhd (TNB), have launched a joint venture to promote sustainable renewable energy initiatives in Malaysia.

This collaboration will leverage Sime Darby Property’s 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 within Sime Darby Property’s asset portfolio and townships.

According to a media release by Sime Darby Property, “14 assets have been identified, with the potential to generate up to 4.5 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 15 years.”

The collaboration between Sime Darby Property and GSPARX “ensures top-notch service and reliable energy solutions, with GSPARX providing technical advisory, installation services, and ongoing maintenance for the rooftop solar installations”, it added.

“The rooftop solar initiative is one of Sime Darby Property's near-term strategies to reduce 40% 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,” said Sime Darby Property group managing director Datuk Azmir Merican.

"Besides contributing to the nations green agenda, this sustainability-focused partnership signifies Sime Darby Property’s expansion into the renewable energy sector to grow our recurring income portfolio, in line with our transformation into a real estate company by 2025,” added Azmir.

“Partnering with Sime Darby Property enables us to expand our footprint in the rooftop solar sector, aligning with our mission to provide sustainable energy solutions. 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,” said GSPARX managing director Elmie Fairul Mashuri.

"Through collaborative partnerships and forward-looking initiatives, we 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,” added Elmie Fairul.

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