Kuala Lumpur, Thursday, 18th July 2024 – TF Value Mart, a leading hypermarket brand with 47 outlets across Malaysia, is implementing carbon-neutral energy solutions and driving sustainability efforts through its physical stores across the nation.
The firm forecasts a saving of RM132.6 million over 25 years through the initiative with leading EPCC partner, Plus Xnergy. The rooftop solar solutions will be installed over 23 outlets in Balik Pulau, Kuala Kangsar, Ipoh, Port Dickson, Taiping, Tanjung Malim and others.
“In the short term, our goal is to reduce our energy consumption and operational costs through the use of solar power. And for the long run, we aim to continuously explore and implement innovative energy solutions to further decrease our carbon footprint, while contributing to a greener future for the communities we serve. With evidential results from earlier solar installation projects in our stores at Muar, Gerik and Bera, we have embarked in this large scale effort to cover 23 stores and confident of its outcomes as demonstrated by reputable renewal energy solutionist Plus Xnergy,” said TF Value’s CEO, Mr. Ho Mun Hao.
TF Value store in Gerik, equipped with rooftop solar.
Ko Chuan Zhen, Group CEO of Plus Xnergy, said, “We have vast experience in the retail industry having fitted solar solutions for brands such as BOH Tea, Kawan Food, Khind, Secret Recipe, and Sunway, combined with our expertise with equipping malls, such as IKEA Cheras, IKEA Penang, Ikano Johor Jaya, Quayside Mall and others. We are keen to expand our footprint in this segment and contribute to the uplift in renewable energy (RE) adoption in the retail industry where energy consumption is typically very high.”
The estimated RM132mil achieved through yearly renewable energy generation of 8,089,425.92 kWh, at RM5.3 mil per year. This is equivalent to offsetting 3,932,007.03 tonnes of carbon dioxide emissions over 25 years. Further savings are viable as the average lifetime of a solar system is 30 years.
“We have three main sources of energy usage; air conditioning consumes the highest amount at 65% of our total energy consumption, followed by lighting at 19% and refrigeration at 16%. Its important that we manage our consumption across these areas and adapting renewable energy solutions contributes significantly to the efficiency of our energy management,” comments Mr. Ho.
Additionally, introducing EV charging stations is part of our broader commitment to sustainability and meeting the evolving needs of our customers. While the current demand may be modest, we anticipate a growing interest in electric vehicles and want to be proactive in supporting this shift. By providing EV charging facilities, we aim to encourage the adoption of cleaner transportation options in our communities.”
These EV charging stations will be set up across four of our outlets in Tambun, Raub, Nusa Bestari, Gua Musang. We weighed the considerations when we selected these outlets, for example with Nusa Bestari, due to its close proximity to Singapore, and its location at a major road which often experiences high traffic from Singapore, this was a strategic option. As for Gua Musang, it is midway for many travelling from Klang Valley to up North and a convenient stop over,” he adds.
“Just last year, our government has fastened its commitment to achieve net zero greenhouse gas emissions as early as 2050 with an aim to increase renewable energy composition to 70 percent of the total generation capacity by 2050. With such efforts by firms like TF Value, we are one step closer to this vision. At Plus Xnergy, we strive towards this goal, through our clean energy ecosystem comprising generation, storage, energy efficiency, electric vehicle charging solutions and smart energy systems, which covers industrial, commercial and residential buildings as well as large scale solar farms (LSS),” adds Ko.
The National Energy Transition Roadmap (NETR) has spotlighted solar PV installations as one of the pathways in Malaysia’s national energy mix. Various government’s initiatives provide the impetus in this shift, whilst benefiting adopters. With these RE efforts, TF Value Mart will be entitled to benefit incentives provided under the Capital Allowance and Green Investment Tax Allowance governed by the Ministry of Finance.
