06-05-2025
- Business
- New Straits Times
Hektar REIT taps Samaiden for solar rollout across five malls
KUALA LUMPUR: Hektar Real Estate Investment Trust (REIT) has collaborated with Samaiden Group Bhd on a solar deal, aligning with Malaysia's renewable energy transition and long term carbon reduction targets.
Under the partnership, solar photovoltaic (PV) systems will be installed across five Hektar REIT's shopping centres under a zero upfront capital model.
Samaiden will lead the end-to-end execution while Hektar REIT will benefit from a fixed clean energy supply rate.
In a joint statement, both parties said this structure helps mitigate electricity price volatility and contributes to financial stability through predictable energy costs.
The initiative is expected to generate long-term energy cost savings of about RM41.3 million over the partnership period while avoiding an estimated 98,640 tonnes of carbon emissions.
"By integrating rooftop solar PV systems across our malls, we are not only reducing our carbon footprint, but also increasing energy efficiency and lowering the total electricity consumption, potentially by up to 15 per cent annually compared to the previous year.
"This is a strategic move that supports national climate commitments while delivering tangible returns to our unitholders, tenants, and communities," said Hektar Asset Management Sdn Bhd chief executive officer Zainal Iskandar Ismail.
Samaiden group managing director Datuk Chow Pui Hee said the company's zero-capex solar programme provides businesses with the opportunity to integrate sustainable energy solutions without financial barriers.
"As one of Malaysia's leading renewable energy providers, Samaiden is committed to delivering innovative solar solutions that support carbon reduction and enhance energy resilience.
"By partnering with forward-thinking industry players like Hektar REIT, we hope to drive greater adoption of solar energy in Malaysia's commercial and retail sectors," she added.
