TNB & S P Setia Sign MoU On Green Energy Initiatives
Tenaga Nasional Berhad (TNB) has entered into a strategic partnership with S P Setia Berhad (S P Setia) to provide smart energy and renewable energy (RE) solutions as the future main source of electricity to potential buyers of residential and commercial buildings developed by the property developer.
A Memorandum of Understanding (MoU) was signed to enable the installation of a rooftop solar PV system as well as ensuring the properties are future-ready to support the installation of battery solution in S P Setia’s upcoming residential and commercial development projects.
It offers customers of S P Setia the option to leverage on the solution once it is commercially available upon the end of the Net Energy Metering (NEM) quota. The premises are also designed to support the installation of EV chargers if the owners decide to install them later.
This initiative is in line with TNB's Sustainability Pathway and S P Setia's Environmental, Social and Governance (ESG) roadmap towards zero net carbon emissions by 2050.
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