BOGOR, Indonesia, Nov. 23, 2022 /PRNewswire/ — TotalEnergies and PT Indo Kordsa Tbk (Indo Kordsa) celebrated the official launch of a rooftop-mounted solar system for Indo Kordsa’s production, warehouse, and offices in Citeureup, Bogor, Indonesia (23/11). Indo Kordsa, a subsidiary of the Kordsa Group and a major supplier for premium tire reinforcement material to the automotive sector in Southeast Asiais one of the first tire cord manufacturers to use solar power in Southeast Asia as an attempt to implement the Indo Kordsa Sustainability Roadmap Strategy through 3% emission reduction per year through the use of renewable energy.
The opening ceremony was held at Indo Kordsa, attended by representatives from Indo Kordsa and TotalEnergies, Ministry of Industry, Ministry of Energy and Mineral Resources (ESDM), and West Java Governor.
Indo Kordsa, in line with the Kordsa Group’s sustainability strategies, is committed to becoming a Net Zero Company by 2050 by reducing emissions including GreenHouse Gases (GHG) and combating climate change. Indo Kordsa is looking for a partner to install its rooftop PV (photovoltaic) power system to lower its carbon footprint and meet its sustainability targets while saving on electricity costs. They chose TotalEnergies, known for their strong technical experience in deploying renewable energy solutions in technical and complex sites around the world, to support them in their transition to clean energy.
With more than 8,800 modules installed on the roofs of the company’s 6 facilities, the 4.8 megawatt-peak (MWp) PV system generates approximately 6,800 megawatt-hours (MWh) of renewable electricity annually , realized significant cost savings for Indo Kordsa and reduced the company. carbon footprint of about 5,400 tons of CO2 emissions, equivalent to planting more than 163,000 trees during the contract period.
“This record is the largest among other Kordsa projects across 6 countries and also the largest in Bogor District. Through these solar panels, PT Indo Kordsa Tbk also became the first Textile Industry in Indonesia using solar panel rooftop”SAYS Ömür Menteş, President Director of PT Indo Kordsa Tbk.
Under the agreement, TotalEnergies finances, installs and operates the PV solar system. Indo Kordsa will pay monthly while the electricity is produced for 20 years, without any upfront investments. TotalEnergies guarantees the best performance of the system so that Indo Kordsa can enjoy the economic and environmental benefits of the rooftop solar system, without any operational concerns.
“Today, renewable energy is not just a business trend, it is a market decision, and those numbers are a clear example of what is represented of this opportunity for renewable energy”concluded Omur Menteş.
Gavin AddaHead of TotalEnergies Renewables Distributed Generation Asia, Congratulating the Indo Kordsa and TotalEnergies teams on the successful launch of the system, he said “TotalEnergies provides its customers with peace of mind from a technical, financial, and commercial perspective. We are happy to support Indo Kordsa in its continued journey towards reducing their carbon footprint and cost-saving goals.”
About TotalEnergies Renewables Distributed Generation at Asia
TotalEnergies Renewables Distributed Generation is a leading international provider of fully integrated distributed solar energy solutions, including solar powered rooftops, carports and ground mounted solar power plants, with a portfolio of over 800 MW projects under construction and operation worldwide. on Asia, TotalEnergies Renewables Distributed Generation is one of the largest and fastest players in renewable energy distributed generation in the region for commercial and industrial customers, with a portfolio of over 600 MW in development and operation projects in 9 countries. https://solar.totalenergies.asia
TotalEnergies and renewable electricity
As part of its ambition to reach net zero by 2050, TotalEnergies is building a portfolio of activities in renewables and electricity. At the end of June 2022, TotalEnergies’ gross renewable electric generation installed capacity is close to 12 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the goal of becoming one of the world’s top 5 electricity producers from wind and solar energy.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and sells energies: oil and biofuels, natural gas and green gas, renewables and electricity. Our more than 100,000 employees are committed to making energy cheaper, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to people’s well-being.
Twitter: @TotalEnergies LinkedIn: TotalEnergies Facebook: TotalEnergies Instagram: TotalEnergies
About Indo Kordsa
PT Indo Kordsa Tbk (Indo Kordsa) is a major supplier for premium tire reinforcement material in Southeast Asia in the last four decades. The company itself was founded on Indonesia as PT Branta Mulia in 1981 and continued to introduce significant business growth into 1990 listing its shares on the Jakarta Stock Exchange with the issuer code BRAM. In 2006, Kordsa Teknik Tekstil AS as part of Sabanci Holding, a strategic portfolio company pioneering technology-based industries in Turkey, acquired 51.3% of the company’s shares and ownership continued to grow to 61.59%. Under the ownership of Kordsa Teknik Tekstil AS, the business group that owns 70 companies across 6 countries, PT Branta Mulia Tbk changed its name to PT Indo Kordsa Tbk in 2018 Indo Kordsa’s products include Tire Core Fabric (Nylon 66 and Polyester), Nylon 66 Yarn, and High-Modulus-Low-Shrinkage Polyester Yarn. Indo Kordsa operates in a covered area of 475,194 M2 with a market share consisting of local and international customers. The Company continues to create value for all stakeholders with its innovation and customer-focused approaches.
www.indokordsa.com
Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or their employees. Entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements based on substantial economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove inaccurate in the future and are subject to many risk factors. TotalEnergies SE or any of its subsidiaries does not assume any obligation to publicly update any forward-looking information or statements, objectives or trends contained in this document as a result of new information, upcoming events or the like. Information about risk factors, which may affect the financial results or activities of TotalEnergies is provided in the latest Universal Registration Document, the French-language version of which was filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and on Form 20-F filed with the United States Securities and Exchange Commission (SEC).
SOURCE Total Solar Distributed Generation
