Shima Seiki
Texworld Paris

Free membership

Receive our weekly Newsletter
and set tailored daily news alerts.

Industry Talk

Transforming Sri Lanka's renewable energy landscape

MAS completes phase II of Project Photon driving sustainable industrial transformation.

1st November 2023

Knitting Industry
 |  Sri Lanka

Intimate Apparel, Sports/​Activewear

MAS Holdings has just announced the completion of the second phase of Project Photon, a roof mounted photovoltaic (PV) solar power project. The ambitious venture, initiated in 2017, has catapulted MAS Holdings to the forefront of Sri Lanka's renewable energy industry, making it the country’s largest generator and supplier of roof-mounted solar energy.

Before Project Photon, MAS Holdings had a modest 1.7 MW of solar capacity scattered across various locations. With the group’s commitment to fast track the switch to renewable energy, Project Photon was launched, adding 16 MW of solar power across 18 locations. Now, with the completion of Phase II, an additional 6 MW brings MAS' total solar generation capacity to a striking 23.7 MW. Breaking its own previous national record for solar power generation, MAS is solidifying its position as a company transforming Sri Lanka's renewable energy landscape.

To put the sheer scale of this mega project into perspective, a whopping 67,000 solar panels have been installed at MAS facilities. This solar capacity will save approximately 18,000 Tons of Carbon Dioxide (CO2) each year and covers an area equivalent to 10 cricket grounds or the capacity to power approximately 34,000 households.

Project Photon comes at a crucial juncture for Sri Lanka, which is currently experiencing an economic and energy crisis due to its heavy dependence on fossil fuels

Additionally, Project Photon has set a national benchmark for solar generation roof rentals which is now replicated by most roof mounted solar investors in the country.

The execution of phase I constituted a nationally unprecedented multi-site project spanning the entire country, with an initial investment of USD 12.7 million. This was unchartered territory for an apparel company like MAS. With phase II, MAS has made a total investment of USD 16 million. Today, project Photon proudly has its own experienced solar engineering teams that can take on renewable energy projects of any scale anywhere in the world.

MAS Holdings' dedication to reducing emissions is part of its broader sustainability strategy, the MAS Plan for Change. It's a commitment that hints at further investments in renewable generation and storage solutions, solidifying its position as a leader in sustainable manufacturing.

The latest solar installation for Photon Phase II, was at the 165-acre MAS Fabric Park (MFP) in Thulhiriya, Sri Lanka’s first privately owned Export Processing Zone. Expanding to 7MW, it is Sri Lanka’s largest rooftop installation under one CEB account. The project helps reduce the park's electricity requirements by around 20%. The eco-friendly industrial park employing 12,000 people is known for its environmental practices, including an on-site 10-acre analog forest and waste upcycling plants.

MAS’ new solar capacity will save approximately 18,000 Tons of Carbon Dioxide (CO2) each year and covers an area equivalent to 10 cricket grounds with the capacity to power approximately 34,000 households.

Project Photon comes at a crucial juncture for Sri Lanka, which is currently experiencing an economic and energy crisis due to its heavy dependence on fossil fuels. With investments such as Project Photon, South Asia’s largest apparel manufacturer, MAS, is on a journey to achieve its Science Based Targets initiatives (SBTi) in a bid to positively impact the apparel and textile industry, country, and the planet.

Over 30 years of operations, MAS has gained global recognition for its ethical and sustainable working environment and for the organization’s tireless efforts in social development and women’s empowerment. Product excellence and craftsmanship have placed MAS on the world map as an industry leader, showcasing unfailing delivery in innovative manufacturing and design. Today, the company’s efforts to drive positive impact are outlined in the MAS Plan for Change, a commitment to create sustainable change under three areas of focus: products, lives, and planet. Through these initiatives, MAS aims to inspire all employees to be changemakers, enabling dreams and enriching the fabric of life on our planet.

www.masholdings.com

Latest Reports

Business intelligence for the fibre, textiles and apparel industries: technologies, innovations, markets, investments, trade policy, sourcing, strategy...

Find out more