United Warehouse Limited and Starwarehouse Engineering Limited Signed a service agreement for solar PV systems
Rhea-AI Summary
United Warehouse , a subsidiary of Marvion Inc. (OTC: MVNC), has signed a Service Partnership Agreement with Starwarehouse Engineering for Solar PV Systems. The agreement involves the design and construction of a 170kW solar panel system on United Warehouse's roof. Starwarehouse Engineering will also install and maintain a 170kW solar electric generator.
The generated power will be sold to China Light and Power (CLP) at their defined tariff scheme rate, creating a long-term stable revenue stream for United Warehouse while reducing its carbon footprint. The partnership is set to be operational in early 2025 and continue until December 31, 2033. This initiative aligns with Marvion's commitment to green energy and balances long-term financial returns with social responsibility.
Positive
- Long-term stable revenue stream from selling solar-generated power to CLP
- Reduction in operating costs for United Warehouse
- Enhances company's competitiveness in the Hong Kong market
- Demonstrates commitment to environmental sustainability
Negative
- None.
According to the Agreement, STARWAREHOUSE ENGINEERING LIMITED will be responsible to design and construct a 170kW solar panels on the roof of the United Warehouse. Starwarehouse Engineering will also install and maintain a solar electric generator at the capacity of 170kW. The power generated by the System will be sold to the China Light and Power ("CLP") at the tariff scheme rate defined by CLP and will generate a long-term stable revenue for United Warehouse while reducing its carbon footprint.
The partnership is expected to be officially operational in early 2025 and run until December 31, 2033. The photovoltaic system is expected to generate a large amount of renewable energy every year, effectively reducing United Warehouse's operating costs and promoting environmental sustainability.
CEO of Marvion Inc. Mr. Chan Sze Yu spoke for Marvion,
"This partnership not only aligns with our company's commitment to green energy, but also demonstrates our balance between pursuing long-term financial returns and social responsibility. We look forward to the economic and environmental benefits that the PV system will bring to the company, and further strengthen our competitiveness in the
This partnership not only represents Marvion and United Warehouse's commitment to sustainability, but also further demonstrates Marvion Inc.'s commitment to environmental sustainability as a logistics warehouse service provider.
About Marvion
Marvion (MVNC) is a group provides logistics and warehousing services in the
Website: http://www.unitedksk.com
For media queries, please contact:
ir@unitedksk.com
View original content:https://www.prnewswire.com/news-releases/united-warehouse-limited-and-starwarehouse-engineering-limited-signed-a-service-agreement-for-solar-pv-systems-302271471.html
SOURCE Marvion Inc.
FAQ
What is the capacity of the solar PV system being installed for United Warehouse (MVNC)?
When is the solar partnership between United Warehouse (MVNC) and Starwarehouse Engineering expected to become operational?
How long will the solar PV system agreement between United Warehouse (MVNC) and Starwarehouse Engineering last?
Who will United Warehouse (MVNC) sell the solar-generated power to?
