KUALA LUMPUR (April 25): Malakoff Corp Bhd's (KL:MALAKOF) commercial and industrial rooftop solar portfolio has reached 60MW, with its latest signing involving rubber processor Mardec Bhd totalling 3.54 megawatt peak (MWp) across five facilities, the company said.

The group last year secured 22.1MWp of rooftop solar projects, said Malakoff managing director and group chief executive officer Anwar Syahrin Abdul Ajib in a statement announcing the project with Mardec.

The collaboration with Mardec, Malakoff's first this year, follows the signing of a solar power purchase agreement by Malakoff's commercial and industrial solar arm Malakoff Radiance Sdn Bhd (MRSB) with the rubber processor, which will offtake the electricity supply, on April 18.

The partnership with Mardec, Anwar Syahrin said, is a significant milestone in the group's efforts to scale up industrial renewable energy (RE) solutions.

“By embedding solar into core operational facilities, companies can not only lower their carbon footprint but also strengthen long-term operational resilience,” he said. 

The facilities involved include Mardec Processing Sdn Bhd in Baling, Kedah — which will host the largest installation with a capacity of 1.15MWp — followed by Mardec Industrial Latex Sdn Bhd in Tapah, Perak, and M-POL Precision Products Sdn Bhd in Bayan Lepas, Penang.

Aside from Mardec, MRSB’s client portfolio includes Senai International Airport, Malaysia Flying Academy, UMW Group of Companies, Projek Lintasan Kota Holdings — a major unitholder of Prolintas Infra Business Trust (KL:PLINTAS) — Gas Malaysia Bhd (KL:GASMSIA), Pos Malaysia Bhd (KL:POS), and DRB-Hicom Bhd (KL:DRBHCOM).

Installation is scheduled to begin in mid-July 2025, with commissioning to follow shortly after, Malakoff said. 

Along with rooftop solar, Malakoff's green solutions unit has built an impressive RE portfolio of 173MW. This includes diverse projects such as large-scale solar, commercial and industrial solar installations, small hydropower generation, and the implementation of carbon-free mobility infrastructure.

Shares of Malakoff closed three sen or 3.82% higher at 81.5 sen on Friday, giving it a market capitalisation of RM3.84 billion.