Cleantech Solar and Schaefer Kalk have signed a long-term solar power purchase agreement (PPA) for a 1.3 MW on-site solar PV system located in Kuala Ketil, Malaysia.
The Schaefer Kalk (Malaysia)’s new warehouse building - Courtesy of Cleantech Solar
Cleantech Solar, a leading provider of renewable energy to corporations in Asia, will wholly finance, design, install, maintain and operate the PV system atop the new warehouse of Schaefer Kalk (Malaysia), a global market leader in manufacturing high-quality lime-based products.
“It is of great pleasure to have yet another market-leading manufacturer that will soon join Cleantech Solar’s growing portfolio of operating solar assets in Malaysia” said Raju Shukla, Cleantech Solar Founder and Executive Chairman. “Since our establishment, our customers have benefitted every day from Cleantech Solar’s high-performing solar PV systems both in terms of sustainability goals as well as substantial savings through cheaper-than-grid electricity. Our track record of successful operating projects across Malaysia could not have been achieved without our exceptionally strong Malaysia team.”
This solar partnership will be in line with Schaefer Kalk (Malaysia)’s focus on long-term strategies for the company’s sustainable success. Over the term of the agreement, the PV system is expected to generate over 1.8 GWh of clean electricity and offset over 1,280 tonnes of CO2 in a year, allowing Schaefer Kalk to enjoy savings on their electricity bills without any capital investment on the PV system.
Paul Ellis, Managing Director of Shaefer Kalk (Malaysia), added that as a mineral processing company producing the highest quality products for the Chemical, Paper, Material, Pharmaceutical, and Health Care Industries, Shaefer Kalk (Malaysia) have an obligation to make use of the natural resources needed for its production processes, products and services as prudently and ecologically sound as possible and that the new warehouse is the perfect opportunity for the company and Cleantech Solar to implement a rooftop solar project that provides a long-term reliable, cost-efficient and ecologically friendly solution to the company’s energy requirements.