July 26, 2023 – Solarvest has secured a contract with Dexcom Malaysia Sdn Bhd to install a 3.6 megawatt-peak (MWp) solar photovoltaic (PV) system at its manufacturing facility in Batu Kawan, Penang, the largest of its kind in the area.

Dexcom is a subsidiary of the US-based DexCom, Inc., an industry-leading provider of continuous glucose monitoring systems. The manufacturing facility in Batu Kawan is its first overseas facility.

Solarvest will serve as the engineering, procurement, construction, and commission (“EPCC”) provider for the installation of rooftop solar PV for the main building facilities and carpark. With the expected generation of 3.6 MWp of clean energy, it allows Dexcom to offset 3,190 tonnes of carbon dioxide.

Chief Executive Officer of Malaysian Investment Development Authority (MIDA), Datuk Wira Arham Abdul Rahman said, “This move not only showcases Dexcom’s corporate responsibility but also sets an inspiring example for businesses aspiring to contribute to a sustainable Malaysia. With a heightened focus on Environment, Social and Governance (ESG) principles is expected to stimulate sustainable growth and effectively address the pressing challenges posed by climate change.”

He further emphasised, “MIDA is dedicated to positioning Malaysia as the preferred sustainable investment destination by leading players in the global value chain, and it is the presence of strong local players like Solarvest that reinforces our commitment. In line with our National Investment Aspirations (NIA) and the New Investment Policy (NIP), we aim to foster sustainable growth and a greener future for Malaysia.”

Executive Director and Group CEO of Solarvest, Davis Chong said, “This is expected to contribute towards their overseas expansion ESG initiatives, while being able to optimise operational cost.”

“The growing recognition of sustainability’s significance in business operations has led to a surge in the adoption of clean energy by corporates. As a result, our job pipeline remains strong, with a tender book of approximately 2.5 gigawatts (GW) across Malaysia, Taiwan, Philippines, Vietnam, Indonesia, Singapore, and Thailand.”

“We are also targeting to boost our current unbilled order book of RM550.0 million by leveraging on the release of the 800 megawatts (“MW) solar PV assets quota under the Corporate Green Power Programme (CGPP). With more corporations looking to reduce their carbon footprint, Solarvest is committed to providing our customers with clean energy solutions.”

Global Environmental, Health, Safety & Sustainability (EHSS) Senior Director of DexCom, Inc, Meredith Raymond said, “At Dexcom, we prioritise sustainability and have set forth a comprehensive strategy to reduce our Group’s greenhouse gas (GHG) emissions across our operations and supply chain. We actively pursue the implementation of clean energy solutions that help minimise our carbon footprint, aligning with one of our core objectives of promoting environmental responsibility.”

Source: BusinessToday