Kinergy Signs 21-Year Hydropower Virtual PPA with Safran Landing Systems in Malaysia
Kinergy Advancement Bhd has signed a 21-year virtual power purchase agreement (VPPA) with Safran Landing Systems Malaysia to provide renewable electricity generated from hydropower. The VPPA, executed through KAB Energy Holdings Sdn Bhd, is expected to deliver between 80 and 108 GWh of energy annually. This agreement supports Safran’s sustainability goals while allowing Kinergy to facilitate emission offsets through renewable energy generation.
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Kinergy Advancement Bhd has signed a 21-year virtual power purchase agreement (VPPA) with Safran Landing Systems Malaysia. The agreement allows Kinergy, through its subsidiary KAB Energy Holdings Sdn Bhd, to supply renewable electricity generated from hydropower, with an annual output of 80 to 108 GWh.
This VPPA provides Safran with a stable green energy source and supports its decarbonization efforts. The agreement also introduces hydropower as a reliable renewable source within a VPPA framework, expanding clean energy solutions for corporate off-takers. Safran's operations have achieved a 27% net reduction in emissions since 2018.
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