Samaiden Group Bhd's wholly owned subsidiary, Samaiden Capital Management Sdn Bhd has inked a 20-year power purchase agreement (PPA) with global beverage company Yakult Malaysia Sdn Bhd.
Under the PPA, Samaiden is set to supply Yakult with renewable energy generated from solar facilities located at two strategic locations - Seremban, with a capacity of 496.26 kWp, and Glenmarie, with a capacity of 212.22 kWp.
“This significant combined capacity has the potential to address a substantial portion of Yakult's energy requirements with clean, solar power, underscoring both entities' commitment to sustainable practices,” said the renewable energy specialist.
Throughout the tenure of the PPA, Samaiden, as the investor, will be responsible for the installation, operation, and maintenance of the solar power systems at the designated sites, so that they can ensure a consistent and reliable supply of renewable energy.
"With the changing global scenario, this agreement with Samaiden is a strategic step towards our commitment to combat climate change and sustainability. We're excited to see how this partnership will further our green initiatives and support our mission of providing healthy beverages whilst caring for our environment,” Yakult managing director Hiroki Yanase said.
Samaiden group managing director Chow Pui Hee said: "The collaboration enables us to contribute significantly to Yakult's sustainability initiatives while advancing our mission to promote clean energy solutions. We are confident that our expertise in renewable energy will lead to palpable and positive outcomes for Yakult."
“By utilizing Samaiden's proficiency in solar power generation, Yakult stands to significantly reduce its dependence on fossil fuels and considerably lower its carbon emissions by 705.96 tons annually. This partnership illustrates the unwavering commitment of both organizations to fostering a greener and more sustainable future.” she said.