Samaiden inks 20-year solar energy PPA with Maxell Tohshin


Samaiden group managing director Chow Pui Hee

KUALA LUMPUR: Samaiden Group Bhd has struck a strategic power purchase agreement (PPA) with Maxell Tohshin (Malaysia) Sdn Bhd to install a 1,028.28-kilowatt peak (kWp) advanced solar photovoltaic (PV) system at the latter company's premises.

The renewable energy specialist said the intiative, set for a duration of 20 years, is expected to significantly curtail carbon emissions from manufacturing operations, projecting an estimated carbon dioxide (CO2) avoidance of 974.66 tonnes per year.

It added that the reduction in carbon emissions aligns with both companies' visions for a greener industrial future.

"By integrating cutting-edge solar technology into their operations, Maxell Tohshin not only demonstrates environmental stewardship but also paves the way for innovative energy solutions within the manufacturing sector.

"Our collaboration is a beacon of progress, showcasing the potential of RE to revolutionise traditional industries while maintaining economic growth and environmental integrity," said Samaiden group managing director Chow Pui Hee in a statement.

Maxell Tohshin is engaged in the design and manufacture of ultra-precision molds and lens mold technologies, and also produces precision plastic optical lenses and the assembly of camera and automotive parts.

"Our partnership with Samaiden through this PPA is a significant stride towards embedding sustainability into our core operations.

"It reflects our proactive approach to embracing RE solutions, reducing our environmental impact, and adhering to the highest standards of corporate social responsibility," said Maxell Tohshin managing director Nobuki Yahiro.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Samaiden , Maxell Tohshin , PPA , solar , energy

   

Next In Business News

World bank raises China's GDP forecast for 2024, 2025
Asian currencies struggle, stocks mostly lower amid Fed rate outlook concerns
Property sector showing signs of bottoming out
Bank Islam surpasses RM4bil green financing target, well ahead of 2025 goal
Lebtech secures RM10.8mil Selangor waterworks projects
Bursa Malaysia seeks feedback on depository rules for electronic CDS statements
Southern Cable wins RM172.57mil cable supply contract
Bursa Malaysia higher at midday, boosted by year-end window dressing
China's yuan nears key threshold, set for third straight yearly loss in 2024
South Korean won drops to lowest level since March 2009; stocks ease

Others Also Read