Malacca, Malaysia, 13 July 2023: Cleantech Solar, a leading provider of renewable energy solutions to corporations in Southeast Asia and India, announces the commissioning of a 3.4 MWp rooftop solar PV system at the manufacturing facility of Konica Minolta Business Technologies (Malaysia) Sdn. Bhd. in Malacca, a subsidiary of the Japanese multinational technology company Konica Minolta, Inc. (Konica Minolta). Under a long-term Power Purchase Agreement (PPA), Cleantech Solar will provide full turnkey financing, designing, installing, maintenance and operation of the PV system across the period of the agreement.
This partnership between Cleantech Solar and Konica Minolta is expected to generate approximately 66 GWh of clean energy during the system’s lifetime, equivalent to a reduction of nearly 52 kilotonnes of CO2 emissions. The solar PV system will contribute to the multinational company’s sustainability efforts in Malaysia, powering a part of their operations with clean, renewable solar energy.
Mr. Yoshiyuki Atarashi, Managing Director of Konica Minolta Business Technologies (Malaysia) Sdn. Bhd., said: “Konica Minolta joined RE100 in January 2019, a global leadership initiative that brings together businesses committed to sourcing 100% renewable energy for their operations. Konica Minolta aims to procure 100% of the power used in its own business activities from renewable energy sources by 2050. Malaysia is a tropical country, located strategically for obtaining sunlight throughout the year and is therefore perfect for solar panel installation. We are glad to be in a cooperative partnership with Cleantech Solar to develop this 3.4 MWp solar project, as we aim to expand our use of renewable energy and contribute towards reducing CO2 emissions.
As a manufacturer practicing Sustainable Development Goals (SDGs), we always promote and engage in many activities to reduce CO2 emissions at our production sites with a variety of energy conservation support programs that comply with Konica Minolta Environmental Policy. In the long term, we aim to achieve energy savings with stable supply and simultaneously minimise global warming concerns from daily operations.”
Mr. Sachin Jain, CEO of Cleantech Solar, said: “It is heartening to see industry leaders readily embrace renewable energy and we are glad to be Konica Minolta’s trusted solar partner in Malaysia, helping them further their sustainability goals with our state-of-the-art solar PV system. In keeping with the company’s focus on sustainable growth, this switch to cost-competitive solar power at zero capital investment will help them reduce emissions significantly whilst improving their bottom line. Congratulations to both teams on this partnership!”
About Cleantech Solar (www.cleantechsolar.com):
Cleantech Solar is a pan-Asia supplier of renewable energy to corporates, combining the capabilities of a global player with responsiveness and agility.
Headquartered in Singapore, Cleantech Solar has numerous solar and wind projects across India and Southeast Asia, covering approximately 1GWp of assets in operations, construction and development stages. This includes installations in India, Singapore, Cambodia, Indonesia, Malaysia, Thailand and Vietnam.
The company is backed by long-term strategic shareholders – Keppel Corporation, Keppel Asia Infrastructure Fund and Shell Singapore Pte. Ltd.
About Konica Minolta, Inc. and Konica Minolta Business Technologies (Malaysia) Sdn. Bhd. (www.konicaminolta.com/)
Konica was founded in 1873 and Minolta in 1928, and these companies were integrated as Konica Minolta in 2003. Konica Minolta is a Japanese company engaged in manufacturing of multi-functional peripherals (MFPs), professional printers, printer consumables, diagnostic equipment, measuring instruments, functional materials and optical lenses. The company operates in 150 countries with an employee strength of over 40,000. The company is publicly listed on the Tokyo Stock Exchange. Since its establishment in 1873, by making the most of its diverse technologies and innovations, Konica Minolta has been expanding its business in various fields and now operates across Healthcare, Digital Workplace Solutions, Printing Solutions and Industry Solutions.
Konica Minolta Business Technologies (Malaysia) Sdn. Bhd. was established in May 2014 in Melaka State, Malaysia, driven by the company’s strong commitment to meet market needs with global delivery and development of consumables, functional parts and complete machine for MFPs – “bizhub-series”. The company uses the cutting-edge production technologies from accumulation of Konica Minolta’s innovative manufacturing know-how and has adopted the latest production ICT & DX tools to achieve high efficiency and productivity, along with consideration to safety and environmental soundness.