- Press Releases
March 24 (Renewables Now) - Malaysian solar PV engineering firm Solarvest Holdings Bhd (KLSE:SLVEST) has secured a contract to lead the installation of 7.98-MWp of rooftop solar power systems atop 12 facilities run by hypermarket chain Lotus’s Malaysia.
The firm was appointed by NEFIN Group, an Asia Pacific carbon neutrality solutions provider and financier, to provide engineering, procurement, construction and commissioning (EPCC) services for the project, the parties said in a joint statement on Thursday.
Earlier in March, it was announced that NEFIN Group closed a 20-year power purchase agreement (PPA) with Lotus’s Malaysia for the rooftop sites, and was to fully invest in each installation.
Under its contract, Solarvest will install solar panels atop 12 stores and one fresh distribution centre operated by the hypermarket retailer in Malaysia. The power systems are expected to reach commercial operation by the end of July 2022.
The new project marks a reunion between Solarvest. NEFIN Group and Lotus’s Malaysia. Solarvest was previously hired by NESS, a joint venture between PETRONAS and NEFIN, to install solar panels at 15 hypermarkets, at the time known as Tesco, across Peninsular Malaysia.
With the new rooftop systems, Lotus’s Malaysia will have a total of 27 solar-powered outlets, the most among hypermarket brands in Malaysia, according to the statement.