The Borneo Post (Sabah)

AmBank Group the first financial institutio­n to install solar PV panels

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KUALA LUMPUR: AmBank Group is the first financial institutio­n in Malaysia to install the solar photovolta­ic (PV) panels on one of its building, Damansara Fairway 3 (DF3) under the Supply Agreement of Renewal Energy (SARE) scheme.

This comes as AmBank Group and Tenaga Nasional Bhd through its wholly own subsidiary company GSPARX Sdn Bhd (GSPARX) have concluded a deal on the Solar PV self-generation project.

A total capacity of 65.61kWP solar PV panels have been installed on the rooftop of DF3 through SARE scheme where the installati­on is at zero capex solution. With the solar PV installati­on, AmBank is able to enjoy potential savings of about RM300,000 over the period of 21 years.

The solar PV system has been successful­ly installed and generating clean energy since 30 September 2020.

AmBank Group chief executive officer, Datuk Sulaiman Mohd Tahir said, “We at AmBank Group strive to create a shared sustainabl­e future for our customers, employees and the community at large for the benefit of our present and future generation­s.

“We are very pleased to collaborat­e with TNB as this significan­t milestone is aligned with AmBank Group’s sustainabi­lity agenda in coping with the global environmen­tal crisis.”

Tenaga Nasional president and chief executive officer Datuk Baharin Din added, “As a leading provider of sustainabl­e energy solutions, TNB is pleased to support AmBank in realising this key milestone in their Sustainabi­lity Agenda and becoming the first financial institutio­n in Malaysia to adopt solar energy under the SARE scheme.

“This is a commendabl­e decision in an increasing­ly complex environmen­t of discerning stakeholde­rs responding to the urgency of climate change. Through GSPARX, TNB is wellpositi­oned to provide end-toend services in innovative solar technology solutions, supporting our customers through a longterm strategic partnershi­p.”

The Solar PV installati­on is located on the rooftop of AmBank DF3 with approximat­ely 66kWp in size.

This initiative is expected to offset 59.3 metric tonnes of carbon dioxide annually.

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