PETALING JAYA (Aug 25): Property developer Lagenda Properties Bhd has appointed Solarvest Holdings Bhd as its solar photovoltaic systems partner to install 1,000 residential solar PV systems across three township projects developed by Lagenda Properties in Perak.

In a statement today, the developer said that the solar-ready homes are line with the Malaysian government’s recent launch of the Net Energy Metering Rakyat programme will have PV systems that can generate energy up to 98% of monthly electricity usage.

Solarvest will be supporting Lagenda Properties to build these future forward homes by undertaking the solar design, supply, installation, testing, and commissioning works for the selected 1,000 homes located in Perak

Lagenda Properties managing director Datuk Jimmy Doh said Lagenda Properties’ sustainable township is designed to cater for the B40 and M40 income groups and will continuously incorporate elements that can improve their quality of life at an affordable rate.

“We saw numerous households facing the challenge of increased electricity bills during the MCO period and this prompted us to find an alternative solution. Solar panels have the ability to reduce house temperature and generate electricity all year round. 

“Partnering Solarvest allows us to leverage on economies of scale to deliver the greatest value to our house buyers. With savings from utility bills over the long term, Lagenda Properties' home buyers will ultimately enjoy a lower cost of living, adding to the attractiveness and affordability of our projects,” said Doh.

Meanwhile, Solarvest Group CEO Davis Chong said that to date, this is by far the single-largest residential solar project for the group.

“Through this project, we will be providing the local communities direct access to green energy and at the same time enabling them to partake in the net zero movements right from their homes. This marks a step forward in realising our vision to create a world generated by renewable energy,” said Chong, adding that the group is also aiming to replicate such partnership with more property developers.

Upon completion of the project, the three townships will potentially produce approximately 2.8GWh of clean electricity which neutralises about 1,950 tonnes of carbon emissions per year.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

SHARE
RELATED POSTS
  1. Majuperak buys stake in property management firms as part of regularisation plan
  2. Sunway Malls to place emphasis on northern region
  3. Perak alternative expressway approved in principal by Cabinet but with conditions — report