Singapore-headquartered solar developer, ib vogt APAC has won the award of a project under the Corporate Green Power Programme (“CGPP”) with Samsung SDI Energy Malaysia.
In its statement, the firm said, “CGPP is a virtual power purchase programme implemented by the Energy Commission to enable corporates to procure and consume renewable energy for their sustainability goals.”
Commenting on this, Samsung SDI said in a statement, “The PPA with ib vogt is a major step for Samsung SDI to meet their stated goal of reducing greenhouse gas emissions.”
Through this project, ib vogt APAC will deliver 29.99 MW capacity of clean solar energy to the Korean multinational company. The project will leverage expertise of Samsung SDI that specialises in the production of rechargeable batteries used for IT devices, automotives, and Energy Storage Systems (ESS). The firm further informed in its statement, “The clean energy will be delivered from a 40MWp dc-capacity solar power plant ib vogt is currently developing in the Kuala Muda District in Kedah, Malaysia. The PV farm will feature state of the art bifacial solar modules built on a single axis tracker system for optimal performance. The project will produce solar electricity equivalent to the average annual consumption of approximately 15,000 households while saving up to 35,000 tons of CO2 per year.”
“Supply chain decarbonisation is a key challenge in the energy transition, and it is great to see Malaysia and Samsung SDI taking the lead in Southeast Asia. Supporting Samsung SDI in decarbonising their industry leading production facilities is a great example of how ib vogt can support corporations to meet their renewable energy goals. We would like to congratulate the experts at Samsung SDI and express our appreciation to all involved parties for their hard work and commitment to advance the transition toward clean energy,” said David Ludwig, Managing Director of ib vogt APAC.
ib vogt is developing the project together with their Malaysian partners and will structure the project financing and provide EPC-Management and Asset Management services, said the firm.
The project is in an advanced development stage and construction is scheduled to begin mid-2024. This adds to ib vogt APAC’s late-stage development pipeline with a target of 1GW in construction and operation by 2025.