Samaiden’s 531 kWp PV system at Sunway Nexis commences operations

• “We must focus on the future of our planet and emphasise sustainability of renewable energy and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building."

PETALING JAYA (Dec 27): A rooftop photovoltaic system solar investment project at Sunway Nexis here by Samaiden Group Bhd's wholly-owned subsidiary commenced operations on Friday.

Samaiden Capital Management Sdn Bhd will operate and maintain the system, which has a capacity of 531 kilowatt-peak (kWp) for a duration of 20 years, it said in a statement.

The group expects the generation of 12.5 million kilowatt hour (kWh) over the two decades to reduce approximately 8,400 tonnes of carbon emissions.

According to Samaiden’s group managing director, Chow Pui Hee, the project was part of the group’s diversification plan and its completion was part of the power purchase agreement signed with Sunway Nexis Management Corporation in Dec 2021.

“This is a remarkable milestone for us as this facility will contribute positively to our revenue and cash flow on a recurring basis for 20 years,” she said.

“With the recent announcement made by the Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad on the surcharge of 20 cents/kWh to be imposed for industry medium voltage and high-voltage users including multinational corporations, we foresee that the solar PV system will be the best alternative for them to deploy in order to reduce their electricity bills.”

Meanwhile, Sunway Nexis Management Corporation chairman Teo Poh Heng added: “We must focus on the future of our planet and emphasise sustainability of renewable energy and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building.

“I must thank Samaiden for taking this bold initiative to invest in solar PV for Sunway Nexis as this is in line with our nation’s initiative on implementing environmental, social and governance principles in the workplace.”