Panasonic Group's largest solar power generation system set for activation in Malaysia

Osaka, Japan, December 6, 2024 – Panasonic Corporation today announced that as part of its efforts to achieve net zero carbon dioxide (CO₂) emissions at its factories, the company's Heating & Ventilation A/C Company introduced a solar power generation system with a 5.2 MW photovoltaic capacity at the factories of Panasonic Appliances Air-Conditioning Malaysia Sdn. Bhd. (PAPAMY) in Malaysia. This is the largest photovoltaic system within the Panasonic Group, expected to generate approximately 5,900 MWh annually and reduce CO₂ emissions by 3,912 tons each year. This initiative will cover approximately 20% of all electricity consumed on PAPAMY's premises, including air conditioner factories and offices.

With the goals set forward with Panasonic GREEN IMPACT, the Panasonic Group aims to attain net zero CO₂ emissions at all operating company sites by 2030. PAPAMY manufactures products, including residential air conditioners, commercial air conditioning equipment, air-to-water heat pumps (A2W), and compressors in Malaysia. In this initiative, 9,461 solar panels were installed mainly on the rooftops of air conditioner factories to activate the solar power generation system, which visualizes the amount of electricity produced and consumed in real time. In the future, by intensifying efforts to reduce energy consumption and streamline energy costs through methods such as eliminating the steaming process from air conditioner exterior painting, PAPAMY aims to achieve zero CO₂ emissions at its air conditioner factories in 2025.

Panasonic Corporation's Heating & Ventilation A/C Company will endeavor to develop heating and ventilation A/C equipment that advances energy conservation and provide relevant services. It will also continue efforts to achieve zero CO₂ emissions on site, thereby promoting the goals of Panasonic GREEN IMPACT.

*1: The CO₂ emission factor of the purchased electricity was set by the Panasonic Group based on the factors provided in CO₂ emissions from fuel combustion issued by the International Energy Agency (IEA). The reference source is IEA Emissions Factors 2024.

The Panasonic Group has set forth its long-term environmental vision, “Panasonic GREEN IMPACT,” with the aim of achieving both a better life and a sustainable global environment for all. Under PGI, Panasonic Group strives towards achieving virtually net zero CO₂ emissions from its own operations by 2030, and will contribute an impact of more than 300 million tons ⁽*²⁾ of reduced and avoided CO₂, which is equivalent to about 1 percent of the current global total of approximately 31.7 billion tons ⁽*³⁾ by 2050. The group also works on business activities to realize a circular economy in which resource efficiency contributes to decarbonization and reduces the consumption of limited natural resources.
Panasonic GREEN IMPACT - Corporate Information - Panasonic Holdings
https://holdings.panasonic/global/corporate/panasonic-green-impact.html

*2: CO₂ Emission factor based on 2020

*3: 31.7 billion tons of energy-derived CO₂ emissions in 2020 (Source: IEA)