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Kuala Lumpur, 14 November 2023 – Clean energy expert, Solarvest Holdings Berhad (“Solarvest” or the “Group”), has secured a contract with Hevea KB Sdn Bhd (“Hevea KB”), a wholly-owned subsidiary of Halcyon Agri Corporation Limited (“Halcyon Agri”), a global natural rubber supply chain manager listed on the Singapore Exchange, to install 2.5 megawatt-peak (“MWp”) rooftop solar photovoltaic (“PV”) system at its factory in Chemor, Perak.
Solarvest serves as the engineering, procurement, construction, and commission (“EPCC”) provider for the installation of the rooftop solar PV system. The rooftop solar PV system is expected to generate 2.5 MWp of clean energy for Hevea KB’s own consumption, thereby reducing dependence on the power grid and minimising its carbon footprint.
Previously, Halcyon Agri collaborated with Solarvest in another solar project involving their subsidiary, Euroma Rubber Industries Sdn Bhd (“Euroma”) in Kulim, Kedah. This rooftop solar PV system at Chemor, Perak marks their second collaboration together and Halcyon Agri’s biggest solar project to date.
Executive Director and Chief Executive Officer of Halcyon Agri, Mr. Li Xuetao (李雪涛) said, “As an integrated natural rubber supply chain manager, Halcyon Agri, along with our major shareholder China Hainan Natural Rubber Industry Group Co., Ltd (“Hainan Rubber”), the combined global scale and reach of ours plays a pivotal role in shaping a sustainable future for the natural rubber industry. Efforts such as the installation of the rooftop solar PV system to facilitate the transition to renewable energy is aligned with our environment, social and governance (“ESG”) goals and objectives. Additionally, this initiative contributes to Malaysia’s goal to achieve carbon neutrality by 2050.”
Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are delighted to once again be chosen by Halcyon Agri to undertake this new project. Their trust and confidence in our technical capabilities serve as a testament to the expertise and dedication of our team. With our extensive knowledge in clean energy solutions, we expect this clean energy initiative will reduce Halcyon Agri’s CO2 emissions by 2,113 tonnes annually.”
“Considering our extensive global reach across Asia-Pacific, Solarvest is in well positioned to further enhance Halcyon Agri’s sustainability efforts across the region. This collaboration, building upon our successful past partnerships, furthers Halcyon Agri’s commitment to environmental sustainability throughout their business operations.”
“In line with our dedication to sustainability, our tender book remains robust, boasting a total of 2.2 gigawatts peak (“GWp”) in projects. These consist of large-scale power plants, commercial and industrial (“C&I”) initiatives, and ventures abroad, collectively reflecting our commitment to meeting the evolving needs of a greener, more sustainable future.”
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