Just some random thoughts after reading about National Energy Transition Roadmap (NETR)
Idea: Axis renting out rooftop / installing solar panel to sell green energy
For instance: Axis Shah Alam Distribution Centre 2 (SADC2) “145,314 square feet of rooftop area from Axis Shah Alam DC2 is tenanted by two tenants that have mounted solar electric generating systems.”
Based on some rough calculation from ChatGPT with data from year 2021 Assuming 140,000 square feet of solar panel installed (we assume not the entire 145,314 square feet are being installed with Solar Panel)
Energy Production per year: 4,139,100 kWh/year Energy Price Worth in MYR: MYR 902,121.8/year
Since Axis total lettable area is 12,726,260 square feet Assuming 10% of lettable area can be installed with Solar Panel
Energy Production per year: 35,478,000 kWh/year Energy Price Worth in MYR: MYR 7,734,204/year.
Challenges: 1. Existing tenants have the rights of the rooftop they are renting ? 2. Large scale CAPEX required for installation of Solar Panel ? 3. NETR does not go as planned ?
I don’t really have any solid data to support this idea, but it is on my mind for quite some time and personally I think it is a good opportunity for Axis.
Stock: [AXREIT]: AXIS REITS
2023-08-30 14:41 | Report Abuse
Just some random thoughts after reading about National Energy Transition Roadmap (NETR)
Idea:
Axis renting out rooftop / installing solar panel to sell green energy
For instance: Axis Shah Alam Distribution Centre 2 (SADC2)
“145,314 square feet of rooftop area from Axis Shah Alam DC2 is tenanted by two tenants that have mounted solar electric generating systems.”
Based on some rough calculation from ChatGPT with data from year 2021
Assuming 140,000 square feet of solar panel installed (we assume not the entire 145,314 square feet are being installed with Solar Panel)
Energy Production per year: 4,139,100 kWh/year
Energy Price Worth in MYR: MYR 902,121.8/year
Since Axis total lettable area is 12,726,260 square feet
Assuming 10% of lettable area can be installed with Solar Panel
Energy Production per year: 35,478,000 kWh/year
Energy Price Worth in MYR: MYR 7,734,204/year.
Reference:
https://chat.openai.com/share/3037df72-c1bd-4442-b50a-315b86abddc6
Challenges:
1. Existing tenants have the rights of the rooftop they are renting ?
2. Large scale CAPEX required for installation of Solar Panel ?
3. NETR does not go as planned ?
I don’t really have any solid data to support this idea, but it is on my mind for quite some time and personally I think it is a good opportunity for Axis.