Samaiden Group Bhd (SHB) signs an agreement with Chudenko Corporation for exploring opportunities in renewable energy in Malaysia, Japan, and overseas. It would include projects like rooftop solar in Japan and introducing technology in operations and maintenance of renewable energy with other technologies.
Chudenko Corporation is one of the leading engineering companies in Japan and it also holds a 15.15% equity stake in SHB. Samaiden is an award winner of the ASEAN Energy Award 2017 is a Renewable Energy provider incorporated in 2013, principally involved in engineering, procurement, construction, and commissioning (EPCC) of solar photovoltaic (PV) systems and power plants.
SHB group Managing Director, Ir Chow Pui Hee said, “Not only does it open us up to business prospects in Japan, but SHB can also leverage Chudenko’s technical know-how to enhance our existing offerings. Conversely, SHB’s RE expertise can be valuable in Chudenko’s decarbonization initiatives.”
Chudenko managing executive officer Takakazu Higashioka said, “In addition, our collaboration with Samaiden also allows us to further penetrate Malaysia and potentially the Asean region to capitalise on the rapid growth in RE adoption. We look forward to collaborating with Samaiden on exciting business opportunities in the RE industry and reap mutual benefits for both parties.”
SHB aims to invest in renewable energy and power plants for long-term income and also for a better environment. This partnership will help in looking for investors to invest in the renewable energy sector.
