M K Land Diversifies Into Renewable Energy With Solarvest As Its EPCC Solutions Provider ￼
Property developer, M K Land Holdings Berhad held a groundbreaking ceremony for its first renewable energy development, a 10.95-megawatt large-scale solar photovoltaic plant in Kerian, Perak Darul Ridzuan. The ceremony was officiated by Puan Hjh. Felina Binti Tan Sri Datuk (Dr.) Hj. Mustapha Kamal, the Executive Chairman of M K Land. They were joined by representatives from Solarvest Holdings Berhad, the appointed engineering, procurement, construction, and commissioning solutions provider for the project. The solar PV plant is part of the fourth cycle of the large-scale solar programme awarded by the Energy Commission.
Government Of The United Kingdom Provide Funds Of $134 Million For Green Financing In Southeast Asia
The Asian Development Bank (ADB) and the Government of the United Kingdom (UK) have signed a memorandum of understanding to develop a £107 million (around $134 million) trust fund to support efforts by the Association of Southeast Asian Nations (ASEAN) countries to scale up green financing and shift to low-emission, climate-resilient development. The UK–ASEAN Catalytic Green Finance Facility (ACGF) Trust Fund will leverage UK and ADB funds to accelerate a pipeline of low-carbon and climate-resilient infrastructure projects and catalyze financing from public and private capital sources. The fund will be part of the ASEAN Green Recovery Platform launched at COP26.
Aslan Energy Capital With PT Agri Maritim Sulteng Unveil The Green Energy Hub Development Plan To Deliver 400 MW Solar Power In Indonesia
Aslan Energy Capital, Singapore and PT Agri Maritim Sulteng, Indonesia have entered into a cooperation agreement, whereby Aslan Energy Capital will invest, develop and execute a multi-faceted green energy hub project in Palu, Central Sulawesi through the design, funding, construction, commissioning, and operation of a solar farm and a first of its kind green ammonia production facility in Indonesia with the active support and engagement of Government of Central Sulawesi. The joint development and cooperation agreement also include the establishment of a carbon-neutral Liquefied Natural Gas (LNG) import terminal within the Palu SEZ, adjacent to the Port of Pantaloan, that will enable clean power generation for the mining and smelter industry in Central Sulawesi.
Reservoir Link Energy Anticipates Renewable Energy Segment To Add Minimum Of 60% This Year To Its Revenues
Reservoir Link Energy Bhd anticipates that the renewable energy segment will add a minimum of 60% this year to its revenues as the company is diversifying into green energies after its acquisition of Founder Energy Sdn Bhd. Reservoir Link was originally a provider of oil and gas services. It decided to join the transition to renewable energy because it wanted to become an energy player. Thien Chiet Chai, Executive Director of the company, stated that the company was committed to sustainability and that the acquisition of Founder Energy would allow it to lead in the development and construction of solar farms. I believe that RE’s contribution this year will be at most 60%. RE business has a large revenue but a smaller margin than O&G. He stated this in a recent interview.
Metronic Global Berhad Signs 2 Solar PPAs With Sinaran PPA Sdn Bhd Of Worth RM300 Million
Metronic Global Berhad announced on 13th January 2022 that Sinaran PPA Sdn Bhd, a new joint venture company between Metronic Global Berhad and Earthtech Sdn Bhd, had entered into 2 power purchase agreements on both located in Kedah with total contract values of RM50 million with a capacity of 4,121 kWp for a term of 25 years. The construction and installation of solar PV facilities pursuant to these two power purchase agreements are expected to complete in the 4th quarter of 2022 with the commencement of operations immediately thereafter. In this respect, the Group’s plan to venture into the Solar Energy Business is premised on the favourable outlook and prospects for the solar PV industry in Malaysia. The long-term recurring income to be generated from the leasing of the electricity generated from the solar PV facility to the site owners under the solar leasing activities to be undertaken by Sinaran PPA is also expected to contribute positively to the future earnings of the Group.
MITSUBISHI MOTORS MALAYSIA Donates High-Power Solar System For Orang Asli’s Shared Community Space￼
MITSUBISHI MOTORS MALAYSIA (MMM), the official distributor of Mitsubishi Motors vehicles in Malaysia, recently donated high-power solar systems to enable access to solar energy in the Orang Asli’s shared community space or commonly known as their Rumah Adat. The donation was done through Global Peace Foundation, a non-profit organization (NGO) with a mission to build resilient and cohesive Orang Asli communities. Lack of access to grid electricity in Orang Asli’s houses and community spaces brings health risks, expensive energy expenses, and environmental impact. To have light after dark, bonfires are frequently created by burning dried palm fruits which generate a lot of smoke that causes cough and watery eyes among the villagers, especially children. In addition, houses and community spaces are built from resources in the forest such as bamboo wood and additional items such as zinc and PVC. Some of these materials are flammable, making it dangerous to use fire as the source of light.
IDAC Energy Establishes/Inaugurates Showroom And Signs MoU To Strengthen Cooperation With GoodWe
On June 16th 2022, a new showroom of GoodWe was completed and ushered in a grand opening ceremony, with lion dance and champagne to celebrate together. On that day, more than a dozen valued guests came to the scene and expressed their congratulations and blessings. The showroom is established with support from GoodWe local distributor IDAC energy, which aims to expand the GoodWe market layout in Malaysia, for product display and solution explanation. Both the parties inaugurated the ceremony by cutting the ribbon and signing a 50 MW Memorandum of Understanding (MOU), starting a new era in Malaysia’s PV industry.