This comes on the back of a successful first phase installation at Mal Lippo Cikarang.
The group says that these agreements further reinforces the REIT’s “commitment to sustainability and effort to reduce carbon emissions”.
Following the commissioning of the three solar PV sites by the first quarter of 2025, the group adds the solar PVs will have an installed capacity of 1.89 megawatt peak and are able to collectively produce over 2,572 megawatt hours per year.
This is expected to reduce over 44,893 tonnes of carbon emissions over the project lifecycle of approximately 25 years for the three properties, equivalent to the carbon abatement of planting 7,380 trees.
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James Liew, CEO of the manager, says: “Investing in solar energy is not just a smart financial decision - in the long run, this move positions us to harness renewable energy while creating long-term value for our stakeholders and the environment.”
Shares in LMIRT closed 0.1 cent lower, or down 4.35%, at 2.2 cents on Sept 18.
