Week In ASEAN: Citaglobal And Masdar Sign MOU To Investigate 2GW Clean Energy Development; Constant Energy Joins Forces With Virya Energy In Major Solar Energy Venture; And More

Citaglobal and Masdar Sign MOU to Investigate 2GW Clean Energy Development in Pahang, Malaysia

Citaglobal Bhd and its subsidiary companies, in collaboration with Abu Dhabi Future Energy Company PJSC (Masdar), a leading clean energy company from the UAE, have entered into a memorandum of understanding (MoU) to jointly pursue renewable energy projects encompassing solar, battery energy storage system (BESS), wind, and other renewable technologies. The signing ceremony for the MoU took place in Malaysia and involved Abdulla Zayed, Masdar’s Head of Development and Investment, along with Citaglobal’s Executive Chairman and President, Tan Sri (Dr.) Mohamad Norza Zakaria. The agreement aims to explore and develop clean energy initiatives that will contribute to sustainable and eco-friendly solutions.

Constant Energy Joins Forces With Virya Energy In Major Solar Energy Venture

Constant Energy and Virya Energy announced the acquisition of a majority stake in Constant Energy by Virya through a combination of primary investments and secondary shares from Olympus Capital Asia, a leading middle-market investment firm focused on Asia. Constant Energy is a well-established Singapore-based renewable electricity generation and storage development platform focused on the rapidly accelerating market of photovoltaic assets, encompassing rooftop solar, selling renewable power to reputable international corporate clients through long-term corporate PPAs. This includes an expanding portfolio of 121 MW of installed and contracted solar energy capacity in Southeast Asia, with growth potential in other Asian markets.  

AboitizPower Joins Forces With Nexif Ratch To Boost Solar Energy Supply In Philippines

Aboitiz Power Corporation’s retail electricity entities Adventenergy Inc. (ADVENT) and AP Renewables Inc. (APRI) entered into a power supply agreement with Nexif Ratch Energy Investments Pte. Ltd. for the supply of clean solar energy. The electricity supply will be sourced from the 74-megawatt peak (MWp) solar project of Nexif Ratch in Calabanga, Camarines Sur once it is completed by the second quarter of 2024. This will further grow ADVENT and APRI’s portfolio of customers from the commercial and industrial markets. The partnership amongst the companies is a response to the call to promote the use of renewable energy and for businesses to adopt sustainable practices in their operations.

Norsk Solar And CME Solar Collaborates To Accelerate Solar Energy Development In Vietnam

Norsk Solar and CME Solar (CMES) have signed a Joint Development Agreement (JDA) to advance renewable energy initiatives in Vietnam. The agreement was officially finalized, marking a significant milestone in the effort to promote sustainable energy solutions in the country. The partnership between Norsk Solar and CMES aims to combine their expertise, resources, and technologies to accelerate the development of solar energy projects in Vietnam. With a shared commitment to combatting climate change and reducing carbon emissions, this collaboration is poised to make an important impact on the country’s renewable energy landscape.

UNILIN (Malaysia) Sdn. Bhd, TNB, and GSPARX Join Forces in a Sustainable Partnership to Minimize Carbon Footprint

UNILIN (Malaysia) Sdn Bhd has forged a groundbreaking alliance with GSPARX Sdn Bhd (GSPARX), a subsidiary of Tenaga Nasional Berhad (TNB) specializing in renewable energy solutions. This momentous partnership represents a remarkable achievement, as UNILIN now emerges as the leading player in Kedah’s interior design and construction industry to embrace solar systems integration. In a strategic collaboration, GSPARX, together with clean energy partner Solarvest Holdings Berhad, has successfully completed the installation of solar panels on UNILIN’s manufacturing plant rooftop in Sungai Petani. This innovative initiative now generates an impressive 2,830.73 kilowatts peak (kWp) of solar capacity, enabling the avoidance of 1,348 metric tons of carbon dioxide (CO₂) emissions annually.

Mydin Initiates Solar Panel Installation At 15 Outlets Across Malaysia

Mydin Mohamed Holdings, a local hypermarket chain, is planning to install solar panels at 15 of its outlets across the country to support the government’s commitment to a greener, sustainable future. This initiative is part of Mydin’s newly launched Mydin Prihatin #forfuture program, which aims to encourage the adoption of environmentally conscious, socially responsible, and well-governed (ESG) practices within its organization, among its customers, and across the industry. Nik Nazmi Nik Ahmad, the Minister of Natural Resources, Environment, and Climate Change, praised Mydin’s dedication to sustainability and emphasized the significance of their efforts in contributing to a sustainable future for Malaysia.

McDonald’s Malaysia Partners With TNB And GSPARX To Reduce Carbon Footprint With Solar Installations

McDonald’s Malaysia has entered into a strategic partnership with Tenaga Nasional Bhd (TNB) and GSPARX Sdn Bhd (GSPARX) to implement renewable energy solutions at 100 of its drive-through restaurants in the country, aiming to reduce its local carbon footprint. The installations, expected to be completed by December 2024, will result in a cost reduction of approximately RM7 million in electricity usage. During the signing of the agreement, McDonald’s Malaysia managing director Datuk Azmir Jaafar expressed the significance of the partnership with TNB and GSPARX in implementing eco-friendly solutions that would decrease electricity consumption and carbon emissions.