DITROLIC Solar Group’s unit, Ditrolic Energy Solution Sdn Bhd, has secured a RM70 mil financing facility from Malayan Banking Bhd (Maybank) to develop its SunLease programme in Malaysia.
Under the programme, large electricity consumers in the country can purchase solar-generated electricity from Ditrolic Solar at a lower rate than the prevailing utility tariff, giving them a choice to opt for electricity from clean energy sources.
Ditrolic Solar group CEO Tham Chee Aun said the financing would be utilised to fund the programme to build and install 30MW of rooftop solar photovoltaic (PV) systems to generate cheaper electricity for consumers.
“We are delighted that Maybank is funding us for this innovative programme that will empower the consumers to take control of the price of their energy requirements.
“Maybank has strong sustainability goals and this is reflected in its commitment towards funding our clean energy project,” he said in a joint statement today.
Meanwhile, Maybank Global Banking Group CEO Datuk Muzaffar Hisham said Maybank fully supports the transition to renewable energy, given the significant benefits it provides to the communities, as well as the positive impact on the environment.
“We believe that the renewable energy sector has immense potential, given the increasing demand for environmentally-friendly products and services globally, and we are honoured to support Ditrolic Solar in providing affordable and clean energy to Malaysians.
“This will further drive our efforts in ensuring that we continue to play a key role in supporting industries that can ensure the sustainability of communities and the environment in the long term,” he said.
Currently, Ditrolic Solar has pipeline projects of more than 150MW and has signed up companies from various industries such as manufacturing, airports, data centres, shopping malls, universities and schools as its electricity customers.
The solar power generated from these solar projects, including the SunLease programme, can supply enough clean energy to power approximately 12,000 typical homes and to reduce more than 28,000 tonnes of carbon dioxide emission every year. — April 24, 2020, Bernama
