Cypark Resources Berhad and RGFC Ventures Sdn Bhd have officially signed a Memorandum of Business Exploration (MOBE), marking a significant milestone in their shared journey towards a greener and more sustainable future. The move comes as the Malaysian Government launches the National Energy Transition Roadmap (NETR), setting ambitious renewable energy targets of 40% by 2035 and 70% by 2050.
The MOBE solidifies the commitment of both Cypark Resources and RGFC Ventures to harness the power of solar energy and other renewable sources to drive positive environmental impact and promote sustainable business practices.
Cypark Resources has been chosen as the strategic partner of RGFC Ventures, the business and investment arm of Selangor FC, responsible for generating non-football revenue for the club.
DYTM Tengku Amir Shah, Raja Muda Selangor and Chairman of RGFC Ventures envisions transforming Selangor football into a modern, professional, and financially sustainable football club. By exploring the vast potential of non-football revenue through renewable energy initiatives, RGFC Ventures aims to secure the long-term economic sustainability of the football club.
The collaboration is well-aligned with Selangor state’s aspirations to achieve its sustainability targets, leveraging the collective strengths of both companies and state agencies to expedite the realization of a cleaner environment.
Among the key highlights of the MOBE are:
- Solar Energy Integration: Cypark Resources and RGFC Ventures will collaborate to identify and implement solar energy solutions across Selangor, with a focus on floating solar and residential/home solar installations. This move aims to reduce reliance on conventional energy sources and minimize greenhouse gas emissions.
- Sustainability Leadership: Both companies aspire to become leaders in sustainability practices within the industry. Through solar, renewable energy, and waste management projects, they aim to generate clean electricity to power homes, schools, hospitals, and industries in Selangor, significantly reducing reliance on non-renewable fossil fuels.
- ESG-Related Construction Projects: Cypark Resources and RGFC Ventures will explore opportunities for engineering, procurement, and construction within the Environment, Social, and Governance (ESG) essentials within the State of Selangor.
Cypark Resources’ ongoing development of one of the world’s largest floating solar farms integrated with aquaculture in Kelantan showcases the company’s dedication to driving a lower carbon footprint.
The signing of this MOBE represents the unwavering commitment of both companies to embrace low-carbon and sustainable practices, contributing positively to the environment and society. By working together, Cypark Resources and RGFC Ventures invite stakeholders, including corporate clients, suppliers, investors, employees, and communities, to participate in this transformative and sustainable journey.
With the nation’s energy transition plan in place, this strategic partnership is set to play a pivotal role in driving Malaysia towards a cleaner and more sustainable future. The collaboration between Cypark Resources and RGFC Ventures exemplifies their joint determination to make a difference and create a lasting impact for generations to come.