PETALING JAYA: Sime Darby Property Bhd (SDP) and energy service provider Tenaga Nasional Bhd (TNB) have signed a memorandum of understanding (MoU) for solar energy initiatives in Sime Darby developments.
“This partnership reflects our strategy to develop a sustainable and commercially viable portfolio that will enable us to lead the domestic real estate industry’s transition to renewable energy. It also signifies our commitment to reducing our carbon footprint and playing our role in the nation’s green agenda,” said SDP group managing director Datuk Azmir Merican at the MoU signing announcement event.
Also present were TNB program director Wan Ahmad Zam Zam Wan Abd Wahab, GSPARX Sdn Bhd managing director Elmie Fairul Mashuri, TNB chief operating officer Datuk Megat Jalaluddin Megat Hassan, TNB chief retail officer Kamal Arifin A Rahman, TNB chairman Datuk Abd Razak Abdul Majid, SDP chief executive officer Datuk Mohd Sohimin Mohd Alayedin, TNB president and chief executive Officer Datuk Indera Baharin and SDP chairman Rizal Rickman Ramli.
Through this collaboration, both parties will explore potential joint venture partnerships to integrate rooftop solar solutions in SDP’s townships and developments. This includes the leasing of rooftop spaces for the implementation of rooftop solar solutions on up to 1,000 existing and future properties in the City of Elmina or other potential townships.
Additionally, SDP and TNB will seek to explore the implementation of electric vehicle charging infrastructure within SDP townships or developments. Both strategic partners will also look into microgrid solutions in townships, managed industrial parks and land banks within Sime Darby Property.
“Renewable energy involves more than just producing electricity and tackling the issue of finite resources. It is about fostering an environmentally and socially conscious mindset. By pursuing sustainability-focused initiatives, we will support Malaysia’s efforts to meet its clean energy goals and uphold our purpose to be a value multiplier for people, businesses, economies, and the planet,” Azmir said.