Blueleaf Energy, a pan-Asian renewable energy platform owned by a fund managed by Macquarie Asset Management, has signed a Memorandum of Understanding (MoU) with Chemsain Sustainability Sdn Bhd (Chemsain), a Malaysian sustainability advisory firm, to jointly explore the development of up to 3 gigawatts (GW) of onshore utility-scale renewable energy projects in Sarawak, Malaysia.
The agreement was formalized during a closed-door ceremony at the Macquarie ASEAN Conference in Singapore, attended by government and industry leaders from Malaysia and Australia.
Accelerating Malaysia’s Energy Transition
The partnership aims to support Malaysia’s National Energy Transition Roadmap (NETR) and Sarawak’s Post Covid-19 Development Strategy (PCDS) 2030 by leveraging Blueleaf Energy’s international expertise in renewable project development and financing alongside Chemsain’s deep knowledge of Malaysia’s regulatory frameworks and sustainability standards.
Projects will focus on onshore solar photovoltaic (PV) and battery energy storage systems (BESS), with a framework for collaboration spanning site and grid access, permitting, technical development, and community engagement. The companies also plan to explore opportunities to strengthen local industrial ecosystems, fostering job creation and economic growth.
Statements from Leaders
Raghuram Natarajan, CEO of Blueleaf Energy, said the initiative reflects the company’s commitment to Southeast Asia:
“The ambition to develop up to 3 GW of renewable energy in Sarawak is a powerful testament to the region’s potential. By combining our global expertise with Chemsain’s local insights, we are confident in delivering solutions that drive long-term value and accelerate Malaysia’s clean energy transition.”
Dr. John Chan, Executive Chairman of Chemsain Sustainability, highlighted the importance of local alignment:
“This collaboration reflects our strong commitment to sustainable development in Sarawak. By leveraging our expertise in regulatory frameworks and environmental planning, we aim to de-risk projects and enable large-scale clean energy investments aligned with federal and state goals.”
Amiram Roth-Deblon, COO of Blueleaf Energy, added:
“Partnering with Chemsain ensures our projects are seamlessly integrated with local communities, delivering impact that goes beyond power generation.”
High-Level Endorsement
The ceremony at Singapore’s Fullerton Hotel was witnessed by Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Malaysia’s Minister of Investment, Trade and Industry; Dato’ Indera Dr. Azfar Mohamad Mustafar, High Commissioner of Malaysia to Singapore; Allaster Cox, Australian High Commissioner to Singapore; Chew Chang Guan, CEO of Sarawak Trade and Tourism Office Singapore; and Edward Lewis, Managing Director at Macquarie.
The agreement was signed by Dr. John Chan and Timothy Chan on behalf of Chemsain, and by Raghuram Natarajan and Amiram Roth-Deblon on behalf of Blueleaf Energy. Senior representatives from MITI, MIDA, MATRADE, STATOS, Austrade, Export Finance Australia, Invest Sarawak, Bursa Malaysia Berhad, and Sarawak Energy Berhad were also in attendance.
Over the next two years, the partners will identify and evaluate renewable energy opportunities in Sarawak, positioning the state as a regional leader in clean power production while advancing Malaysia’s long-term sustainability ambitions.
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