News

Solarvest Secures Solar Pv Contract For Dexcom Facility

KUALA LUMPUR, July 26 (Bernama) -- Solarvest Holdings Bhd has secured a contract with Dexcom Malaysia Sdn Bhd to install a 3.6 megawatt-peak (MWp) solar photovoltaic (PV) system at its manufacturing facility in Batu Kawan, Penang.

Dexcom is a subsidiary of the United States-based DexCom Inc and the manufacturing facility in Batu Kawan is its first overseas facility.

In a statement today, Solarvest said the company would serve as the engineering, procurement, construction and commission provider for the installation of rooftop solar PV for the main building facilities and carpark, which allow Dexcom to offset 3,190 tonnes of carbon dioxide.

Solarvest executive director and group chief executive officer (CEO) Davis Chong Chun Shiong said the growing recognition of sustainability’s significance in business operations has led to a surge in the adoption of clean energy by corporations.

“As a result, our job pipeline remains strong with a tender book of approximately 2.5 gigawatts (GW) across Malaysia, Taiwan, Philippines, Vietnam, Indonesia, Singapore and Thailand.

“We are also targeting to boost our current unbilled order book of RM550 million by leveraging on the release of the 800 megawatts (MW) solar PV assets quota under the Corporate Green Power Programme (CGPP),” he said.

Chief Executive Officer of Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman

Meanwhile, Malaysian Investment Development Authority (MIDA) CEO Datuk Arham Abdul Rahman said Dexcom’s continued investment in enhancing its operations is aligned with Malaysia’s ambitious goal of achieving net-zero carbon emissions as early as 2050.

“This move not only showcases Dexcom’s corporate responsibility but also sets an inspiring example for businesses aspiring to contribute to a sustainable Malaysia,” he said.

He said MIDA is dedicated to positioning Malaysia as the preferred sustainable investment destination by leading players in the global value chain and it is the presence of strong local players like Solarvest that reinforced the agency’s commitment.

“In line with our National Investment Aspirations (NIA) and the New Investment Policy (NIP), we aim to foster sustainable growth and a greener future for Malaysia,” he added.

-- BERNAMA

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