Corporate Solar Power Purchase Agreements In Malaysia

• Pekat Solar of PTSB has announced securing power supply contracts for its 29.99 MW solar plant 
• The 5 offtakers come from varied industries including automotive, aerospace and manufacturing 
• The project company targets to bring the project online in Peninsular Malaysia by 2025 

A group of 5 Malaysian corporate players from across various industries have committed to sourcing solar power under separate power purchase agreements (PPA) signed with Pekat Solar Tronoh Sdn Bhd (PSTSB), for a 30 MW project. 

A wholly-owned subsidiary of Pekat Teknologi Sdn Bhd (PTSB), PSTSB will design, develop, build, own, operate and maintain the 29.99 MW solar power plant at Mukim Belanja, Daerah Kinta, Negeri Perak Darul Ridzuan. It is located in Peninsular Malaysia. 

PTSB won the 29.99 MW plant in the competitive procurement round of the Malaysian Energy Commission for 800 MW AC capacity under the Corporate Green Power Programme (CGPP) in August 2023. Of the 22 winners, PTSB was selected as the solar power producer for the project. 

The signatories to the PPAs with PSTSB for the said facility are the following companies: 

• CTRM Aero Composites, an aerospace and composites technology company 
• HICOM Automotive Manufacturers (Malaysia), an automotive assembler for brands such as Mercedes-Benz, Volkswagen 
• HICOM Diecastings, aluminum die cast products supplier 
• Motosikal dan Enjin Nasional, motorcycles manufacturer, and 
• PHN Industry, metal-based automotive components producer.

The individual capacity of the projects contracted by the offtakers wasn't shared by the company. PSTSB targets to commission the solar power plant no later than 2025. 

Malaysia plans to increase the share of renewable energy in its national electricity mix to about 70% by 2050, with solar likely to be a big part of the mix. It will entail a self-consumption model for industrial parks and homes (see Malaysia Announces New Renewables Target).