NEFIN’s Leap into Malaysia’s Solar Energy Arena
In a significant stride for renewable energy, NEFIN, a leader in independent power production in the Asia Pacific, has been selected to play a pivotal role in the Corporate Green Power Programme (CGPP) by the Energy Commission (Suruhanjaya Tenaga). This ambitious move involves launching a 45MWp solar farm project in Teluk Intan, Perak, with an investment of around RM130 million.
Vision for Environmental Transformation
Commencing in 2024, this solar power plant, with a capacity of 29.99 MW AC, is poised to become a beacon of clean energy, producing 60,750MWh each year. This project is not just about energy; it’s a testament to our commitment to the environment, with the potential to reduce CO2 emissions by 47,385 tons annually. This initiative has caught the eye of two Fortune 500 companies, signifying a shift towards sustainable energy practices in the corporate world.
The CGPP’s Role in Renewable Energy Adoption
Functioning as a virtual power purchase programme (VPPA), the CGPP enables corporations to invest in renewable energy through Renewable Energy Certificates (RECs). This innovative approach helps companies meet their goals for reducing carbon footprints, with the project slated to begin commercial operations in 2025 as part of the NEDA programme.
Perspectives from NEFIN’s Leadership
Chong Bor Hung, the driving force behind NEFIN SEA and the NEFIN Group’s business development, shared his pride in guiding industries towards greener futures. His vision is clear: to assist corporations, especially those lacking the means for in-house renewable energy setups, in achieving carbon neutrality.
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NEFIN’s Impressive Track Record and Ambitions
With a remarkable achievement of generating 200GWh of renewable energy by 2023, NEFIN has been a catalyst in various sectors. The company is geared up to deliver 100MW of C&I renewable energy projects annually across Southeast Asia, with plans to widen its green energy collaborations through VPPA.
Addressing Sustainability in the Asia-Pacific
The Asia-Pacific region is currently behind in achieving its Sustainable Development Goals, with only a 14.4% accomplishment rate towards the 2030 target. NEFIN’s initiatives, including the BESS project in Mainland China and ventures in green real estate, are critical in propelling the region towards its climate objectives.
CEO’s Vision for an Eco-Friendly Tomorrow
Glenn Lim, NEFIN Group’s CEO, emphasized the global corporate shift towards sustainability. He advocates for the integration of ESG practices, focusing on environmental conservation, in corporate structures. NEFIN is exploring the expansion of BESS in solar assets and future developments in the Asia Pacific, inviting corporations to join the journey towards sustainability.
Marketing In Asia’s Dedication to Comprehensive Reporting
As NEFIN embarks on this monumental project, Marketing In Asia has proactively reached out for more details to provide our audience with thorough and insightful coverage of this significant development in the renewable energy sector. Stay tuned for further updates on this transformative endeavor.
