SINGAPORE, January 8, 2020 – Blueleaf Energy, formerly known as Conergy and one of the region‘s most experienced solar companies today announced that it has signed a 20-year power purchase agreement (PPA) with Robert Bosch (Malaysia) Sdn Bhd to provide the technology and services company with clean solar energy for its production and warehouse facility in Penang, Malaysia.
Under the terms of the agreement, Blueleaf Energy will own the solar plant and will be responsible for the design, construction and asset management of the 3 MWp power facility. Greencells Energy Asia Pacific, which is part of the German Greencells Group, will execute the project as the EPC contractor. The system is expected to supply power to Bosch in Q2/2020 aiming to produce approximately 4,500 MWh of clean energy per year. This is the equivalent of powering 900 households in Malaysia while reducing annual CO2 emissions by 3,300 tons.
“We are excited to form a long-lasting partnership with a competent and reliable player in the industry like Blueleaf Energy. It is definitely an important milestone in our pursuit to reduce our CO2 output not only in Malaysia, but globally. This is also in-line with Bosch’s four major levers namely to increase energy efficiency, increase the proportion of renewables in its energy supply, buy in more green power, and offset unavoidable carbon emissions. Everyone has a role to play in contributing to climate action, and we see it as our responsibility as a company to act now,” said Simon Song, Managing Director of Bosch Malaysia.
“We are very proud to participate in the sustainability initiatives of a global technology leader like Bosch and assist them in their efforts to curb their carbon footprint. This project demonstrates how corporations have an increasing impact in shaping clean energy markets and how they can lead by example to help transform the way the world produces and procures renewable energy,” said Marc Lohoff, CEO of Blueleaf Energy.
”Bosch has proven once again that they are a true global leader beyond their daily business. The foresight to take advantage of clean electricity and at the same time reduce both OPEX and their carbon emissions will provide significant long-term benefits to them as well as Penang and its people, said Hendrik Bohne, VP – C & I of Blueleaf Energy.”
According to Bloomberg New Energy Finance, corporations purchased 13.4 gigawatts of clean power in 2018 through long-term contracts, more than doubling 2017’s global total. In addition, forty-eight percent of Fortune 500 companies have sustainability targets.
With the increasing climate change mandates and the significant improvements in solar energy technology and costs, companies are putting their sustainable development goals into practice, pursuing renewable energy transactions and are committed to reducing their impact on the environment.