(iStock)
Samaiden Group has entered into a 20-year power purchase agreement (PPA) with Maxell Tohshin, a subsidiary of Japan’s Maxell, to execute the design and installation of a solar PV system, with a capacity of 1,028.28 kWp at Maxell Tohshin's premises.
According to a statement on March 8, Samaiden said the move is expected to significantly reduce carbon emissions from manufacturing operations, projecting an estimated CO2 avoidance of 974.66 tons annually.
Chow Pui Hee, the managing director of Samaiden, said that by integrating cutting-edge solar technology into their operations, Maxell Tohshin not only demonstrates environmental stewardship but also paves the way for innovative energy solutions within the manufacturing sector.
She also added that the reduction in carbon emissions aligns with the visions of both firms for a greener industrial future.
“Our collaboration showcases the potential of renewable energy to revolutionize traditional industries while maintaining economic growth and environmental integrity,” she said.
Maxell Tohshin designs and manufactures ultra-precision molds and lens mold technologies, spanning from small diameters for image optics to thicker and larger diameters for illumination optics. They also produce precision plastic optical lenses and undertake the assembly of camera and automotive parts.
Nobuki Yahiro, the managing director of Maxell Tohshin, said that the PPA reflects the company’s proactive approach to embracing renewable energy solutions, reducing environmental impact, and adhering to the highest standards of corporate social responsibility.
Samaiden is an investment holding firm established in Malaysia. The group provides renewable energy solutions through its subsidiary, primarily focusing on the EPCC of solar PV systems and power plants.
In last year, Samaiden Group's wholly owned subsidiary, Samaiden Capital Management has inked a 20-year PPA with global beverage company Yakult Malaysia.
Under the PPA, Samaiden is set to provide Yakult with renewable energy generated from solar facilities located at two locations - Seremban, with a capacity of 496.26 kWp, and Glenmarie, with a capacity of 212.22 kWp.
