NEFIN, an Asia Pacific green independent power producers, and Mydin Mohamed Holdings Berhad (MYDIN), a halal home-grown wholesale and retail chain in Malaysia, have on Tuesday announced a partnership in implementing carbon-neutral energy solutions and driving sustainability efforts in the retail industry.
The duo said in a statement that the partnership marks the first collaboration in the Southern region, engaging NEFIN to conduct the detailed energy audit (DEA) and to install solar systems boosting the generation and usage of clean energy, showcasing a significant step towards a greener future within the retail industry.
According to the statement, the retail sector is one of the largest contributors to greenhouse gas emissions in Malaysia, accounting for 10 percent of the country’s total emissions.
The industry is also a major consumer of energy, with electricity consumption accounting for 40 percent of the sector’s total energy use.
With these increasing numbers, Malaysia has committed to achieving climate neutrality and cutting greenhouse gas (GHG) intensity against gross domestic product (GDP) by 45 percent by 2030 compared with 2005 levels.
“We are thrilled to embark on this partnership with NEFIN,
“This collaboration perfectly aligns with MYDIN Prihatin#forfuture’s mission to promote sustainability and environmental responsibility,” said Haji Ameer Ali Mydin, Managing Director of MYDIN.
According to him, the firm’s dedication to environmental conservation has always been a cornerstone of its values as a responsible retailer, and this partnership reaffirms its commitment to a more sustainable future.
“Following the completion of Phase 1, MYDIN is excited to move forward with Phase 2 and we plan to expand the use of clean energy across all our mall locations,
“We are eagerly anticipating the outcomes of this partnership and the positive impact it will have on both our operations and the environment,” he added.
Founded in 2014, NEFIN is a regional leader in supporting corporations in Asia Pacific decarbonize, with the aim of achieving carbon neutrality.
In 2023, MYDIN continues to demonstrate its dedication to environmental conservation through various initiatives.
These efforts include the Zero Bag Plastic campaign, energy-saving measures in management, the installation of electric vehicle (EV) charging stations, and the recycle clothing garbage initiative.
As part of this collaboration, NEFIN will propose the ideal energy efficiency solutions to Mydin with the energy audit report, particularly in the area of HVAC Retrofits/Chiller optimization.
NEFIN has also offered the latest technology in solar photovoltaic panels, specifically the N-type solar PV panels from Jinko Solar, the world’s leading solar panel brand, for all the MYDIN sites.
The combined solar energy system capacity deployed across the six stores in Senawang (Negeri Sembilan) Pulau Sebang, Jasin, MITC (Melaka) Pelangi Indah (Johor) of Malaysia.
Senawang, and Taman Rinting (Johor) is expected to reach approximately 7.9MW.
MYDIN is estimated to save MYR 71.05 million ($52.42 million) through this installation with a total generation of 286,746,066kWh of clean energy, equivalent to offsetting 199,002 tons of CO2 emissions over the system’s 30-year lifetime.
“Following our projects with hypermarket chains in Malaysia in the past three years, we are excited to expand our impact on this industry, to join forces with MYDIN in revolutionizing the retailing industry through the implementation of carbon neutral solutions,” said Chong Bor Hung, Managing Director of NEFIN South East Asia and Head of Business Development.
By embracing renewable energy, he said MYDIN is spearheading a transformation that will not only reduce carbon emissions but also set a new standard for sustainable practices within the retail sector.
“This partnership marks a leap towards creating a greener and more environmentally conscious future for the entire retailing industry which will contribute significantly to Malaysia’s sustainability goals,
“NEFIN is grateful that many of our clients trusted us to provide a broad range of services, like energy audit and RECs, to their multiple sites locally and even beyond Malaysia,” he added.
As of 2023, NEFIN has successfully generated an impressive 200GWh of renewable energy.
These efforts have resulted in offsetting around 118,800 tons of carbon dioxide emissions, planting approximately 1,980,500 trees, and providing power to over 20,000 homes.
Through the collaboration with MYDIN, NEFIN remains committed to pushing the boundaries of sustainability and serving as a catalyst for the retail industry to embrace a greener future.