25-04-2025
- Business
- New Straits Times
Malakoff to install solar panels at Mardec's key facilities
KUALA LUMPUR: Malakoff Corporation Bhd has signed a solar power purchase agreement with Mardec Bhd to install rooftop solar photovoltaic systems at five of the latter's key facilities across Peninsular Malaysia.
The agreement, signed by its commercial and industrial (C&I) solar subsidiary Malakoff Radiance Sdn Bhd, entails a combined installed capacity of approximately 3.54 megawatt-peak (MWp) under the Net Energy Metering (NEM) scheme.
Facilities involved include Mardec Processing Sdn Bhd, Mardec Industrial Latex Sdn Bhd and M-POL Precision Products Sdn Bhd.
The largest installation with a capacity of 1.15MWp, will be located at Mardec Processing Sdn Bhd in Baling, Kedah.
The installation is set to begin in mid-July 2025, with commissioning to follow shortly after.
Mardec is a key player in Malaysia's rubber industry, specialising in the processing and trading of standard malaysian rubber, latex concentrate and specialty rubber products.
It also plays an important role in supporting rubber smallholders by promoting sustainable sourcing.
Malakoff managing director and group chief executive officer Anwar Syahrin Abdul Ajib said, in a statement, the initiative marks an important milestone in the commitment to driving industrial-scale renewable energy solutions.
By embedding solar into core operational facilities, he said companies can not only lower their carbon footprint but also strengthen long-term operational resilience.
"In 2024, Malakoff Radiance secured 22.1MWp of C&I solar projects with 17.4MWp successfully installed across various sectors. To date, it has built a strong C&I solar portfolio totalling 60 MW.
"Each initiative we undertake contributes to a larger vision of accelerating the nation's clean energy transition.
"Collectively, these efforts are helping to reshape Malaysia's energy landscape and we remain committed to pursuing strategic partnerships that drive long-term sustainability," Anwar Shahrin added.
Malakoff is actively advancing the growth of its renewable energy initiatives while ensuring Malaysia's energy security remains uncompromised.
Through its business pillar, Malakoff Green Solutions, the company has built an impressive portfolio of 173MW.
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.
