The move has enabled the rubber glovemaker to reduce its average electricity cost while lowering its carbon footprint – April 2022.
by AZALEA AZUAR / Pic by TMR FILE PIX
TOP Glove Corp Bhd has inked a 20-year power purchase agreement (PPA) with Shizen Malaysia Sdn Bhd to purchase solar power generated by the latter.
The PPA enables Shizen Malaysia to install, own and operate a 10MW peaking grid while Top Glove will purchase the electricity generated over the period.
This newly-inked partnership between the two parties continues their previous collaborations in November last year where Top Glove installed solar panels on factories it operated to generate clean and cost-competitive renewable energy (RE) for its factories.
The move has enabled the rubber glovemaker to reduce its average electricity cost while lowering its carbon footprint.
Top Glove ED Lim Cheong Guan stated the move was part of the company’s response to fight the impact of climate change and Malaysia aims to be a carbonneutral country by 2050.
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