PROPERTY developer S P Setia Bhd has embarked on a project to equip its main buildings with solar panels.

The project, undertaken by Tenaga Nasional Bhd (TNB) via its subsidiary GSPARX Sdn Bhd, will provide 10MWp of electricity at seven commercial buildings – S P Setia headquarters, Setia City Mall, Setia City Convention Centres 1 and 2, Setia Ecohill Club 360 as well as Setia Alamsari and Setia Tropika Welcome Centres.

S P Setia president and chief executive officer Datuk Choong Kai Wai said nearly 500 solar panels would be installed.

“This is part of our green agenda to address the challenges of climate change by installing environmental-friendly infrastructure at our premises.

“We hope to encourage the adoption of green lifestyle among our communities,” he said in his speech at the project launch at the company headquarters in Shah Alam, Selangor.

The project is a result of a memorandum of understanding (MOU) signed with TNB on April 12.

“Once completed, this project is estimated to reduce our carbon footprint by some 9,000 metric tons a year.

“We hope this collaboration will help propel Malaysia towards its pledge of achieving carbon neutrality by 2050,” he added.

TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan said S P Setia’s effort would set an example for other industry players to follow suit.

“Since the signing of the MOU with S P Setia, other property developers have also registered their interest for a similar programme.

“This initiative marks a significant milestone in S P Setia’s effort towards environmental sustainability,” he added.

Also present at the event were S P Setia chief strategy officer Lindayani Tajudin and TNB chief customer officer (Retail Division) Nasaruddin Mohd Zaini.

Incorporated in 1974, S P Setia has 47 ongoing projects as of June 30, with a gross development value at RM120.88bil.

SETIA ALAM (Sept 28): S P Setia Bhd and Tenaga Nasional Bhd (TNB) kick-started their green initiative partnership with the installation of solar panels on the developer’s corporate headquarters in Setia Alam, Shah Alam at a commencement signing ceremony on Wednesday (Sept 28). This is the first phase of S P Setia’s green initiatives in partnership with TNB.

The commencement roll-out was signed by S P Setia president and chief executive officer Datuk Choong Kai Wai, S P Setia chief strategy officer Lindayani Tajudin, TNB chief retail officer Datuk Megat Jalaluddin Megat Hassan and TNB chief customer service officer of government and large business at retail division Nasaruddin Mohd Zaini.

The installation follows the signing of a memorandum of understanding on April 12 this year to provide smart and renewable energy solutions to the developer’s projects.

In his opening speech, Choong said: “For [S P Setia], we will strive to build infrastructure that will generate clean and renewable energy into the homes, offices, and commercial properties we live or work in. We [aim] to have all our future developments be solar-ready, battery-ready and electric-vehicle-ready.”

It was highlighted that S P Setia has appointed GSPARX Sdn Bhd, a wholly owned subsidiary of TNB, to provide about 10MWp of rooftop solar panels for photovoltaic self-consumption of its commercial buildings, which is expected to reduce up to 9,053 metric tons of carbon dioxide per year. An estimated RM3,000 will be invested for 1kWp of solar panels.

The installation of solar panels is part of S P Setia’s green agenda to address the challenges of climate change by providing solar-ready infrastructure to reduce electric consumption and carbon emissions as well as to enable efficient energy billings and sustainable living for its consumers and residents in the long run.

Representing TNB, Megat Jalaluddin shared: “TNB is supportive of S P Setia’s ambition to fulfil their ESG (environmental, social and governance) goals as we extend our full commitment to delivering our rooftop solar solutions to the first seven identified commercial assets, starting with their corporate office in Setia Alam. Once the installation at all seven premises is completed, the total carbon sequestered will be equivalent to about 150,000 tree seedlings grown for 10 years.”

The six other commercial assets include Setia City Mall, Setia City Convention Centre 1 and 2, Setia EcoHill Club 360, Setia Alamsari Welcome Centre and Setia Tropika Welcome Centre.