Malaysia’s TNB, S P Setia partner to install rooftop solar system

This is in line with TNB’s Sustainability Pathway and S P Setia’s ESG Roadmap.

The Tenaga Nasional Berhad (TNB) has signed a memorandum of understanding with S P Setia Berhad (S P Setia) to enable the installation of a rooftop solar photovoltaic (PV) system.

This is in line with TNB’s Sustainability Pathway as well as S P Setia’s environmental, social, and governance (ESG) roadmap towards zero net carbon emissions by 2050.

TNB President and CEO Datuk Ir. Baharin Bin Din said the MoU will allow the company to promote low carbon mobility and gain insights into property developers’ preferences.  

“TNB would also be involved at the early stage of the property development to provide smart energy solutions to S P Setia,” he said.

“Given our experience and expertise, we aim to leverage on the 41 active projects of S P Setia and propose relevant and precise products according to the company’s needs.”

Under the MoU, S P Setia customers will have the option to leverage on the solution once it is commercially available upon the end of the Net Energy Metering (NEM) quota.

The premises will also be designed to support the installation of electric vehicle chargers if the owners decide to install them later.

The Net Energy Metering 3.0 (NEM 3.0) scheme encourages electricity consumers to install rooftop solar PV, through which the excess energy generated by solar PV can be exported back to the power grid.

Under the NEM 3.0, residential houses, commercial and state-owned buildings are provided with an 800-megawatt quota of 800 megawatts from 2021- 2023.