NEFIN Group is awarded with a 45MWp solar farm project, costing approximately RM130 million, and is expected to commence its commercial operation in 2025. Once fully operational, the project is expected to generate 60,750MWh of solar energy annually, and potentially decrease CO2 emissions by up to 47,385 tons. This marks another significant milestone as NEFIN’s first solar farm project in Malaysia.
The 29.99 MW AC capacity solar power plant was secured through the CGPP, initiated by the Energy Commission and scheduled to start construction in 2024 in Teluk Intan, Perak.
This development has garnered attention and sparked contract negotiations from two Fortune 500 companies committed to embracing green energy practices. Notably, these companies include a high-tech firm and a global snacking corporation.
The CGPP, operating as a VPPA programme, empowers corporations, who may not have the physical premise or capacity to install their own renewable energy system, to acquire and utilise renewable energy through Renewable Energy Certificate (REC) in pursuit of their decarbonisation objectives. NEFIN aims to forge further collaborations with corporations interested in procuring green energy through VPPA to mitigate their carbon footprint.
In 2023, NEFIN has worked with many new Southeast Asia (SEA) customers coming on board the sustainability journey across various industries, including Kah Motor, O.E. Manufacturing, Ng Ai Food Industry, Atlas Copco, Sunstream, Thep Watana, Kingboard, TexChem, KLK Industry, Supermodel Energy, Model Sports Club, Mydin, IQ Group, Biocon Biologics and Meditech Gloves.
Expanding our efforts into SEA, we are further exploring opportunities to include BESS in our existing solar assets and to incorporate BESS into future project development plans in the Asia Pacific, inviting more corporations to contribute to a more sustainable future.
