SETIA ALAM: Property developer SP Setia Bhd has kick-started the first phase of its green initiatives in partnership with Tenaga Nasional Bhd (TNB) with the recent signing of a memorandum of understanding (MOU) and the installation of solar panels at its corporate headquarters in Setia Alam, Shah Alam.
This is part of SP Setia's green agenda to address the challenges of climate change by providing solar-ready infrastructure, which will reduce electric consumption and carbon emissions as well as enable efficient energy billings and sustainable living for its consumers and residents in the long run.
"Our collaboration will accelerate the adoption of green lifestyles amongst our communities and us. We hope that our collaboration will propel Malaysia toward its pledge of achieving carbon neutrality by the year 2050," said SP Setia president and chief executive officer Datuk Choong Kai Wai.
SP Setia has appointed GSPARX Sdn Bhd, a wholly-owned subsidiary of TNB, to provide approximately 10 MWp of solar rooftop for photovoltaic self-consumption of its commercial buildings, which is estimated to reduce up to 9,053 metric tons of carbon dioxide per year.
“TNB is supportive of SP Setia’s ambition to fulfil their ESG goals as we extend our full commitment to delivering our rooftop solar solutions to the first seven identified commercial assets, starting with their corporate office in Setia Alam. Once the installation at all seven premises is completed, the total carbon sequestered is equivalent to about 150,000 tree seedlings grown for 10 years,” said TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan.
The installation of solar panels will also be implemented at SP Setia's six other commercial assets including Setia City Mall, Setia City Convention Centre 1 and Setia City Convention Centre 2, Setia EcoHill Club 360, Setia Alamsari Welcome Centre and Setia Tropika Welcome Centre.
Moving forward, the partnership with TNB will also equip SP Setia's projects with green solutions to be battery-ready by allowing energy storage from solar generation for households and townships, and electric vehicle-ready with charging infrastructure to support green mobility choices.