Renewable

March 3 (Renewables Now) - Hypermarket chain Lotus's Stores (Malaysia) Sdn Bhd will install solar panels on top of 12 additional stores across the country and a distribution centre in Perak under a newly signed power purchase agreement (PPA) with NEFIN Group.

The firm, previously known as Tesco Malaysia, has agreed a contract with a term of 20 years that will run until 2042. The rooftop solar installations will be completed this year and will have the combined capacity to produce some 9.3 GWh of electricity per year.

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"This is the second phase of our solar energy push which began in July 2020. We first entered a PPA with NE Suria Satu Sdn Bhd (NESS), a joint-venture company of PETRONAS and NEFIN Group for the installation of PV panels in 15 former Tesco stores nationwide. To date, Lotus's would have the largest commercial solar PV installation in Malaysia," said the president of Lotus's Malaysia, Kenneth Chuah.

Chuah added that including the planned additions, 27 of the company’s existing 64 stores and a distribution centre will be running on clean energy.

NEFIN will fully invest in each project site, taking responsibility for the design, installation, operation, and maintenance of the solar arrays.