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Levanta Renewables, a Southeast Asia-focused renewable energy platform backed by Actis, has signed a 2.2 MWp rooftop solar power purchase agreement (PPA) with Karex to supply clean energy to its manufacturing plant, Innolatex Thailand Limited, located in Hat Yai. The agreement marks Karex’s first solar energy initiative and will provide the facility with approximately 44 GWh of renewable electricity over a 15-year period. The move is expected to help offset at least 26,000 tonnes of CO2 emissions, significantly reducing the company’s reliance on conventional grid power and contributing to more sustainable manufacturing practices. Pramod Singh, CEO of Levanta Renewables, highlighted the importance of the partnership: “Levanta is proud to supply clean, renewable energy to Karex. This project reflects our commitment to supporting the commercial and industrial sector’s transition to low-carbon energy.” The rooftop solar installation aligns with Thailand’s national energy strategy, which targets 30% renewable energy in the national mix by 2037, with the broader goals of achieving carbon neutrality by 2050 and net-zero emissions by 2065. Karex, known as the world’s largest condom manufacturer, sees the solar initiative as a step forward in its corporate sustainability roadmap. Goh Miah Kiat, CEO of Karex, said: “This partnership helps us reduce our reliance on brown power while advancing green manufacturing. It supports our broader goals in sustainable production of sexual wellness, medical, and health-related products.” The project underscores growing momentum in the region’s clean energy transition, particularly within the commercial and industrial sectors. Levanta’s Co-Head of Commercial and Industrial Business, Michael Belov, noted: “The agreement with Karex is a significant milestone for Levanta. It underscores our ability to deliver cost-effective and reliable energy solutions to large-scale industrial clients.” The rooftop system is expected to be operational within the year, contributing to Thailand’s renewable energy goals and bolstering Karex’s environmental performance across its manufacturing footprint |
