Malakoff partners HICOM Automotive for solar project in Malaysia

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Malaysia’s energy and environmental solutions firm Malakoff Corporation Berhad has partnered premium vehicles manufacturer HICOM Automotive Manufacturers (Malaysia) Sdn. Bhd. for a solar project in the country.

Malakoff said in a statement on Tuesday that the firm through its commercial and industrial (C&I) solar subsidiary, Malakoff Radiance Sdn. Bhd. (MRSB), is expanding its renewable energy (RE) footprint with the signing of a second solar power purchase agreement with HICOM Automotive.

The new project with an installed capacity of 4.22 MWp will mark MRSB’s largest solar deployment at a single site, signaling the launch of second phase in an expanding collaboration between the two companies.

It follows the successful implementation of the first phase project with an installed capacity of 2.0 MWp rooftop solar photovoltaic (PV) system at HICOM Automotive’s manufacturing facility in Pekan, Pahang, which achieved its commercial operation date on 1 July 2022.

To date, the first phase has made a significant contribution to HICOM Automotive’s sustainability goals by reducing grid electricity consumption by approximately 7.0 GWh and avoiding nearly 5,489 tCO₂e in emissions, which is equivalent to around 261,000 trees.

Building on this momentum, the second phase, with its construction to commence in June this year, will involve the design and installation of an enhanced solar energy solution at the same facility, combining conventional rooftop solar PV with Building Integrated Photovoltaics that seamlessly embeds solar panels into the carport structure.

This integrated approach not only blends RE generation with architectural design but also maximizes efficiency.

The system is expected to significantly reduce the facility’s reliance on conventional electricity, generate long-term cost savings and reinforce HICOM Automotive’s commitment to sustainable manufacturing practices.

“This project marks a major milestone for MRSB, not only in terms of installed capacity but also in solidifying our role as a key enabler of industrial decarbonization and energy transition,

“The growing energy demands of industrial sectors are placing increasing pressure on our national grid, highlighting the need for smarter, more resilient energy strategies,” Malakoff’s Managing Director and Group Chief Executive Officer, Anwar Syahrin Abdul Ajib said.

Cited the International Renewable Energy Agency, he said Malaysia’s total energy consumption is projected to grow by an average of 2 percent annually, nearly doubling by 2050.

“As we look ahead, Malakoff remains focused on strengthening its RE portfolio through strategic partnerships that deliver long-term value and operational efficiency,

“This collaboration exemplifies how large-scale industrial players can move beyond sustainability pledges to meaningful climate action – embedding RE into core operations and generating measurable impact across the supply chain,” he added.

It is noted that Malakoff is actively advancing the growth of its RE initiatives while ensuring Malaysia’s energy security remains uncompromised.

Through its business pillar, Malakoff Green Solutions, the company has built an impressive RE portfolio of 173 MW.

This includes diverse projects such as large-scale solar, commercial and industrial solar installations, small hydropower generation, and the implementation of carbon-free mobility infrastructure.

These initiatives highlight Malakoff’s steadfast commitment to its purpose of ‘Enhancing Life, Enriching Communities’, demonstrating the company’s dedication to fostering a sustainable and resilient energy future.

 

#RenewableEnergy #SolarPower #SustainableManufacturing #EnergyTransition #GreenInnovation

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