George Town, 14 September 2020 — Construction has started on one of the largest commercial and industrial (C&I) rooftop solar projects in Penang, Malaysia. The 5 megawatt peak (MWp) project will span an area of over 26,000 square metres. Canadian Solar is undertaking the project in collaboration with its local partners, Antah Solar Sdn Bhd and Eleaps Sdn Bhd.
The 5 MWp power purchase agreement was signed with Muda Paper Mills Sdn Bhd (Muda Paper), a subsidiary of Muda Holdings Berhad, the largest industrial-grade paper producer in Malaysia.
Once in operation, the plant is expected to generate approximately 6,700 MWh of clean, reliable solar electricity each year for 25 years. The company expects the project to reach commercial operation by the end of 2020.
Dr Shawn Qu, Chairman and CEO of Canadian Solar, commented, “This transaction marks our first corporate solar power purchase agreement (PPA) in Southeast Asia. We have secured close to 170 MWp of corporate PPAs across Southeast Asia and Australia since the beginning of 2020, partnering with our C&I clients to reduce carbon emissions while cutting operational costs.”
DEG (Deutsche Investitions- und Entwicklungsgesellschaft), a subsidiary of Germany’s development bank, will provide the US$20 million long-term loan facility, which matures in 2024 and will be deployed across Canadian Solar’s solar pipeline, including the Muda Paper C&I rooftop project.
– Construction+ Online