Azmir (left) and Elmie (right) agree that the joint venture helps to contribute towards the nation’s green agenda.
PETALING JAYA: Sime Darby Property (SDP) and GSPARX Sdn Bhd (GSPARX) have launched a joint venture that will focus on financing, developing, and operating rooftop solar generation projects throughout Sime Darby Property’s asset portfolio and townships.
Under the joint venture, 14 assets with the potential to generate up to 4.5 MW of solar capacity will be involved. The joint venture aims to expand its solar capacity to 20 MW within five years and 50 MW within fifteen years.
“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 SDP group managing director Datuk Azmir Merican.
"Besides contributing to the nation's 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,” he added.
GSPARX Managing director Elmie Fairul Mahsuri highlighted the importance of the joint venture, adding: “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.”
SDP said the joint venture ensures top-notch service and reliable energy solutions, with GSPARX providing technical advisory, installation services, and ongoing maintenance for the rooftop solar installations.
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