AmBank walks the talk: First bank in M’sia to instal solar PV panels

AMMB Holdings Bhd (AmBank Group) and Tenaga Nasional Bhd through its wholly own subsidiary company GSPARX Sdn Bhd (GSPARX) have concluded a deal on the solar photovoltaic (PV) self-generation project.

With this collaboration, AmBank Group became the first financial institution in Malaysia to install the solar PV panels on one of its building – Damansara Fairway 3 (DF3) under the Supply Agreement of Renewal Energy (SARE) scheme.

Datuk Sulaiman Mohd Tahir

“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,” AmBank group CEO Datuk Sulaiman Mohd Tahir said.

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. This will enable 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 Sep 30 last year.

“In an increasingly complex environment of discerning stakeholders responding to the urgency of climate change, this is a commendable decision by AmBank Group,” TNB’s president and CEO Datuk Baharin Din remarked.

Meanwhile, this initiative is expected to offset 59.3 metric tonnes of carbon dioxide annually. – April 14, 2021

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