Japanese renewable energy developer, Shizen Energy, via its Malaysian subsidiary, has inked a second long-term power purchase agreement (PPA) with Malaysia’s Top Glove Corporation for a 10 MWp rooftop solar power array.
Under the deal, Shizen Malaysia will install the photovoltaic (PV) plant on the rooftops of the rubber glove manufacturer’s factories in Peninsular Malaysia.
The project will contribute to cutting Top Glove’s average electricity cost while minimizing its carbon footprint by supplying clean, cost-competitive renewable energy from this rooftop solar power plant to the factory.
Top Glove’s total solar capacity will be increased to 15.47 MWp from the present 5.34 MWp, allowing the company to offset about 13,000 tonnes of carbon dioxide emissions every year, equivalent of planting 400,000 trees.
Shizen International, which has a presence in numerous countries, has a 136.44-MW portfolio of rooftop and ground-mounted solar as well as wind projects in operation or under construction, according to the developer’s website.
This partnership builds on previous collaborations between Top Glove and Shizen Malaysia beginning in November, which also marks the renewable energy provider’s first project in the country. According to the deal, Shizen will build rooftop solar panel for Top Glove’s factories in Klang, Selangor.
“Given the growing awareness on the benefits of renewable energy and its importance in lessening global warming, we are confident that more industry players will turn to renewable energy at the forefront of their strategic plans and drive a committed environmentalist agenda contributing to Malaysia’s net zero carbon initiatives,” said Alvin Koh, CEO of Shizen Malaysia.
Top Glove executive director Lim Cheong Guan stated that the company has a responsibility to support Malaysia’s national aim of reducing the environmental impact of activities. Toward this goal, the company has put in place a thorough environmental management system.
“In part, we are working closely with Shizen Malaysia on a solar energy component to achieve our goal of reducing the company’s carbon emissions intensity by 25% by financial year 2025 as Top Glove aims towards becoming carbon free in the future,” Lim added.