Reneuco Berhad announced that its subsidiary, Reneuco RE Sdn Bhd, has signed a Memorandum of Understanding (MOU) with Majlis Bandaraya Petaling Jaya (MBPJ) for the installation of Rooftop Solar Photovoltaic (PV) at Pusat Inovasi MBPJ.
The project falls under the Net Energy Metering Programme (NEM) 3.0 and aims to promote renewable energy technology, reduce energy consumption, and contribute to Malaysia’s carbon emissions reduction.
- The proposed capacity of the project is 267.3kWp with an electricity tariff rate of RM0.390/kWh.
- Reneuco RE will oversee installation, maintenance, and performance monitoring of the solar panel system for 15 years.
- The MOU aims to provide cost savings, data sharing, and reduce carbon emissions for MBPJ.
- MBPJ will supply the location and information required for the project and participate in energy efficiency initiatives.
The MOU is set to promote renewable energy in Malaysia and aligns with Reneuco’s goal of becoming a key player in the renewable energy sector.
The financial implications of the project will be covered by Reneuco RE, and further details will be revealed once a formal agreement is executed.
Reneuco Berhad is an energy company that is taking steps toward expanding its renewable energy offerings. This project represents the company’s opportunity to install solar panels as part of the NEM program, signalling its commitment to exploring new business opportunities in the renewable energy industry.