Sri Lanka’s Hayleys Solar powers Crystal Martin Ceylon’s over $ 1 million solar installation project.
Daily FT: Hayleys Solar, the renewable energy arm of Hayleys Fentons recently partnered with Crystal Martin Ceylon Ltd., a leading apparel manufacturer, to embark on a major solar installation project that supports their renewable energy efforts. The project, which is part of Crystal International Group Ltd.’s five-year sustainability targets, aims to reduce carbon footprint, achieve zero emissions and contribute to the national cause of energy saving as the country grapples with fuel and energy crises.
Hayleys Solar will install over 3,700 rooftop solar panels for Crystal Martin Ceylon Ltd. across three factories in Malwattha, Dambulla and Kantale. Spanning a total of 11,809.20 square meters, the solar installation will contribute to a total power generation capacity of 2,062.83 Kilowatts, equivalent to 85% of the annual electricity requirement at the three factories.
With annual total power generation expected from the solar installation estimated at 2,861,138.28 Kilowatt hours, Crystal Martin Ceylon will be able to reduce their CO2 footprint annually by 2,118,386.78 Kg, according to the latest grid emission factors published by the Sri Lanka Sustainable Energy Authority.
This project is due to be completed and commissioned with the help of the Ceylon Electricity Board by December 2022 with its next phase covering three more plants to be completed by 2023.
Crystal Martin Ceylon Ltd. Country Manager Mark Muller said: “We are happy to partner with Hayleys Solar in this key project that helps to streamline our operations at six manufacturing facilities. We expect to fully convert our facilities to solar as an alternative to the energy crisis. As a socially responsible company that prioritizes sustainability, we eagerly look forward to this project and contribute to reducing the carbon footprint.”
This solar installation project also aligns with Crystal Martin Ceylon Group’s efforts to comply with the SBTI corporate net zero standard which is a globally accepted standard that provides guidance and tools for corporates to set up net zero carbon initiatives. On its way to achieve net zero carbon, this project will help Crystal Martin Ceylon to offset CO2 emissions making it equivalent to 60,525.34 trees, creating a huge foreign currency saving for the country by not burning fossil fuels for the generation of electricity.
Fentons Ltd. Managing Director Hasith Prematillake said: “We are committed to catering to the country’s solar needs and contributing to the national cause of saving energy during these challenging times. We look forward to continuing to contribute in meaningful ways to support industries to transition to renewable energy in the near future.” Commenting on the ongoing project, Hayleys Solar Director and Chief Executive Officer Roshane Perera said: “We are proud that Crystal Martin Ceylon Ltd. chose us as their go-to partner for such a big renewable energy project.
“Hayleys Solar is well equipped to fulfil the country’s solar needs with our potential to undertake large-scale solar projects. Together, our team of over 200 qualified engineers and the high quality of products and equipment we offer define us as the undisputed market leader of renewable energy solutions in Sri Lanka.”
Sri Lanka’s power sector, especially the renewable energy sector has become a hotspot for business/investment opportunities in the country. The ongoing power crisis in the country and the rising demand have opened up new opportunities in the power industry. The government of Sri Lanka has adopted a policy of increasing the country’s renewable energy generation capacity to 70% of Sri Lanka’s overall power mix by 2030. This move has boosted the country’s renewable energy sector with local businesses engaged in the sector recording a continuous growth momentum and posting impressive profits. All these are indicative of the overall growth and business potential of Sri Lanka’s power industry. With Sri Lanka working towards becoming an emerging business destination in the South Asian region, foreign businesses/investors could confidently explore the growing opportunities in the country’s power industry, especially in the renewable energy sector.
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