Shizen Energy inks deal with Hokto for solar power generation facility in Malaysia
Shizen Energy Inc. (Shizen Energy) has inked a long-term power purchase agreement with Hokto Malaysia Sdn. Bhd for a roof-mounted solar power generation facility in Malaysia.
Hokto is a local subsidiary of HOKUTO Corporation in Japan. The solar power generation will have a capacity of around 730 kWp (DC), which is industrial-type roof-mounted solar power.
The factory site is located in Bandar Enstek, Negeri Sembilan, of Hokto Malaysia.
It has been reported that this project is the first PPA signed by Shizen Energy with a Japanese company based in Malaysia.
According to the company, the “plant’s use of clean, competitive renewable energy is expected to reduce electricity costs while also reducing CO₂ emissions by 11,938 tons over the 20-year term of the contract,” the statement reads.
Kazuo Maenishi, Managing Director of Hokto Malaysia was quoted, “As part of our efforts to become “eco-friendly,” we recognize climate change and environmental pollution as business risks and have been working to reduce CO₂ emissions in order to protect the global environment. We are pleased that the installation of solar panels in Malaysia will contribute to the preservation of the global environment through the use of renewable energy.”
Similarly, Akemi Shimizu, Corporate PPA Business Development Manager of Shizen Energy commented, “We are very pleased to be able to contribute to HOKUTO’s decarbonization efforts. We look forward to utilizing our past expertise in the renewable energy industry to contribute to further decarbonization in Malaysia.”
To be noted, Shizen Malaysia has already inked multiple long-term power supply contracts with local companies in Malaysia.