Cover Solar panels installed on the roof of a TF Value Mart in Muar (Photo: TF Value Mart)
Solar panels installed on the roof of a TF Value Mart in Muar (Photo: TF Value Mart)
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Solar panels will be installed at 23 TF Value Mart outlets across Malaysia to help the chain reduce its environmental impact
Clean energy solutions company Plus Xnergy has teamed up with TF Value Mart to help reduce the local hypermarket chain’s environmental impact.
TF Value Mart has 47 outlets across Malaysia and has announced its plans to move towards carbon-neutral energy solutions for its operations.
Through an initiative with Plus Xnergy, as well as driving sustainability efforts through all its physical stores, the company expects to save RM132.6 million (about US$28.4 million) over a period of 25 years. Solar panels will be installed on the roofs of 23 of its outlets in locations including Kuala Kangsar, Ipoh, Port Dickson and Taiping. The project is expected to offset almost 4 million tonnes of carbon dioxide emissions.
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“In the short run, our goal is to reduce our energy consumption and operational costs through the use of solar power,” says Ho Mun Hao, CEO of TF Value Mart. “In the long run, we aim to continuously explore and implement innovative energy solutions to further decrease our carbon footprint, while contributing to a greener future for the communities we serve.”
Above TF Value Mart CEO Ho Mun Hao (Photo: TF Value Mart)
Above Ko Chuan Zhen, co-founderr and CEO of Plus Xnergy (Photo: Plus Xnergy)
TF Value Mart CEO Ho Mun Hao (Photo: TF Value Mart)
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The three main perpetrators of energy consumption that TF Value Mart is targeting through this renewable project are air conditioning, which accounts for 65 percent of the total energy consumed, lighting at 19 percent and refrigeration at 16 percent.
Plus Xnergy brings its experience in providing fitted solar solutions to the retail and real estate industries, where energy consumption is high. So far, it has worked with brands such as Boh Tea, Kawan Food and Sunway, as well as mega malls like Ikea in Cheras and Penang. Across Malaysia, it has facilitated the owners of more than 700 buildings to switch to clean energy.
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“Last year, our government fastened its commitment to achieving net zero greenhouse gas emissions as early as 2050 with an aim to increase renewable energy composition to 70 percent of the total generation capacity by 2050. With such efforts by firms like TF Value Mart, we are one step closer to this vision,” says Ko.
TF Value Mart is also setting up electric vehicle (EV) charging stations as a part of its broader commitment to sustainability and meeting the evolving needs of customers. These stations will be located at four of its outlets in Tambun, Raub, Nusa Bestari and Gua Musang.
