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G Capital signs 25-year Solar PPA with Evergreen 




KUALA LUMPUR 18 June – G Capital Berhad (GCAP), 70%-owned subsidiary Solarcity Malaysia Sdn Bhd (Solarcity) has signed a 25-year Solar Power Purchase Agreement (PPA) with Evergreen Fibreboard Berhad (Evergreen).


A filing with Bursa Malaysia yesterday showed that Solarcity will design, construct, install, own, operate and maintain a solar photovoltaic energy generating system (Solar PV System) with a total capacity of 7.0MW under the Net Energy Metering (NEM) scheme at the premises of Evergreen in Batu Pahat, Johor.


G Capital Berhad Executive Director, Tan Sri Dr. Ali Hamsa said the installation of the solar power generating facilities are expected to reduce Evergreen’s energy expenditure, at the same time reduce their carbon footprint, which is in line with the Nation’s Renewable Energy (RE) Agenda. 


“With the Government’s goals to increase the use of RE to 20% by 2025, we are optimistic that the RE sector has a promising prospect in the long run. 


"We are thrilled to see growing green conscious in Malaysia and that another corporate client embarking in this journey with us," he said in a statement.


With this winning of 7.0MW PPA, Solarcity has bagged a total of 16.6MW PPA. -