Samaiden Inks 20-Year Solar Energy Power Purchase Agreement with Maxell Tohshin

Samaiden Sets to Enhance Maxell Tohshin’s Green Initiative Through Sustainable Solar Energy

PETALING JAYA, 8 MARCH 2024 – Samaiden Group Berhad ("Samaiden"), a renewable energy (“RE”) specialist principally involved in engineering, procurement, construction, and commissioning (“EPCC”) of solar photovoltaic (“PV”) systems and power plants, is thrilled to announce a strategic Power Purchase Agreement (“PPA”) with Maxell Tohshin (Malaysia) Sdn Bhd (“Maxell Tohshin”), a company engaged in the design and manufacture of ultra-precision molds and lens mold technologies ranging from small diameters for image optics to thick and larger diameter for illumination optics. It also produces precision plastic optical lenses and the assembly of camera and automotive parts. This significant agreement, set for a duration of 20 years, marks a pivotal commitment to sustainable energy use in manufacturing, underscoring a mutual dedication to environmental responsibility.

Under this agreement, Samaiden will undertake the design and installation of an advanced solar PV system, boasting a capacity of 1,028.28-kilowatt peak (kWp) at Maxell Tohshin's premises. This initiative is expected to significantly curtail carbon emissions from manufacturing operations, projecting an estimated carbon dioxide (CO2) avoidance of 974.66 tonnes per year, which aligns with both companies' visions for a greener industrial future.

Group Managing Director of Samaiden, Ir. Chow Pui Hee commented on this momentous collaboration, "This 20-year PPA with Maxell Tohshin signifies much more than a partnership; it represents a unified front in the battle against climate change, emphasising our collective responsibility towards a more sustainable industrial landscape. By integrating cutting-edge solar technology into their operations, Maxell Tohshin not only demonstrates environmental stewardship but also paves the way for innovative energy solutions within the manufacturing sector. Our collaboration is a beacon of progress, showcasing the potential of RE to revolutionise traditional industries while maintaining economic growth and environmental integrity.

Managing Director of Maxell Tohshin, Mr. Nobuki Yahiro added: “Our partnership with Samaiden through this PPA is a significant stride towards embedding sustainability into our core operations. It reflects our proactive approach to embracing RE solutions, reducing our environmental impact, and adhering to the highest standards of corporate social responsibility. We are confident that this collaboration will not only benefit our company but also set a benchmark for the industry in environmental stewardship."

The 20-years solar energy partnership between Samaiden and Maxell Tohshin exemplifies a progressive step towards integrating sustainable practices within the manufacturing sector, contributing to the broader goals of reducing carbon emissions and fostering a sustainable business ecosystem.