Cleantech Solar and Schaefer Kalk have signed a long-term solar power purchase agreement for a 1.3 MW on-site solar PV system located in Kuala Ketil, Malaysia. Cleantech Solar, a provider of renewable energy to corporations in Asia, will wholly finance, design, install, maintain and operate the PV system atop the new warehouse of Schaefer Kalk, Malaysia, a global market leader in manufacturing high-quality lime-based products.
This solar partnership will be in line with Schaefer Kalk’s focus on long-term strategies for the company’s sustainable success. Over the term of the agreement, the PV system is expected to generate over 1.8 GWh of clean electricity and offset over 1280 t of CO2 in a year, allowing Schaefer Kalk to enjoy savings on their electricity bills without any capital investment on the PV system.