PLUS XNERGY EYES 200 MW PROJECTS UNDER CORPORATE GREEN POWER PROGRAMME

By Engku Shariful Azni Engku Ab Latif

KUALA LUMPUR, April 16 (Bernama) -- Clean energy solution provider, Plus Xnergy Holdings Sdn Bhd eyes at least 200 megawatt (MW) projects under the Corporate Green Power Programme (CGPP) and Large Scale Solar 5 (LSS5) programme, its chief executive officer Ko Chuan Zhen said.

The company also aims to install up to 90MW of solar panels for industrial buildings, he said, adding that it aims to achieve both the targets by its current financial year ending March 31, 2025 (FY2025).

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“Aside from solar, the company had also secured a utility scale battery energy storage system (BESS) project that had been set for completion within the third quarter of FY2025," he told Bernama in an interview recently.

As of March 2024, Ko said the group has achieved a track record of over 2,007.96 gigawatt hour (GWh) in generated energy savings from clean energy.

Focusing on the commercial and industrial business, he said the company has installed and energised over 400 megawatt peak of grid connected solar photovoltaic (PV) systems over 1,500 homes, 470 commercial and industrial buildings and six large scale solar farms.

On the outlook, he said the National Energy Transition Roadmap (NETR) acted as a booster to create business opportunities for collaboration and supported organisations with ambitious targets to achieve their carbon reduction.

He said the telecommunications industry and property developers are the next trends in this booming industry, especially the telecommunucations amid its high energy usage.

Besides this, he said the company would release new recovery time objective (RTO) quota in April and was confident the 300 RTO quota would be taken up in the first quarter of its FY2025.

He said that in order to achieve the target, the green energy supplier introduced two financial models which are the Zero Capex Model for commercial industrial clients, and the Rent-To-Own model for residential homeowners to serve the community and make solar accessible.

“We have also initiated plans to continue to push through new market opportunities, including strategic partnerships with environment, social dan governance (ESG) experts, associations and the authorities to support organisations with ambitious targets in the ESG roadmap,” he added.

-- BERNAMA