SD Property first to harness solar energy under ministry's CREAM initiative
The pioneering project is the first of its kind in the country under the newly-established CREAM framework, introduced by the Energy Transition and Water Transformation Ministry in March 2025.
The initiative empowers community-based renewable energy production by leveraging local energy generators and aggregators (LEGA) to decentralise green electricity generation.
SD Property group managing director and chief executive officer Datuk Seri Azmir Merican, said its participation in the CREAM initiative with TNB presents a practical and scalable model to unlock solar energy potential within its townships.
"By leasing roof spaces from residential properties, without requiring homeowners to install panels, we enable clean energy generation that supports our nearby commercial and industrial developments.
"This approach complements our broader decarbonisation strategy, aligns with national energy objectives, and directly contributes to our emissions reduction targets," he said in a statement.
Working with TNB's solar subsidiary GSPARX Sdn Bhd, SD Property will enter into lease agreements with residential homeowners interested in participating in this programme, starting with those in the City of Elmina.
Rooftops of participating homes will be utilised to generate electricity, which will be exported via the local distribution line within a 5km radius for use at SD Property's commercial and industrial developments.
The CREAM mechanism enables local green consumers (LGC) such as businesses and commercial users to source electricity from LEGA participants through TNB's distribution network.
It allows homeowners to lease rooftops to third parties who manage and aggregate these spaces into efficient solar photovoltaic (PV) power systems.
The latest collaboration between the two parties comes on the heels of a joint venture established by SD Property and TNB's GSPARX in July 2024, focusing on financing, developing and operating rooftop solar generation projects across selected assets and properties in the former's portfolio.
This followed an MoU between the two parties in 2023 to explore sustainable energy infrastructure including solar, EV charging and microgrid systems across the group's townships.
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Malaysian Reserve
35 minutes ago
- Malaysian Reserve
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The Star
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