UEM Lestra Bhd, the green investment arm of Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, has announced plans to invest RM2.5 billion in the first phase of a landmark solar energy project in Johor. The company has already secured key offtakers for the project, which is slated to begin operations by the end of 2027. […]
Bank Islam Malaysia Bhd has signed a financing agreement worth RM105.2 million with Solar Voltech Sdn Bhd, a subsidiary of PDC Premier Holdings Sdn Bhd, to support a solar energy generation project. The collaboration aligns with Malaysia’s National Energy Transition Roadmap (NETR) and the nation’s objective of achieving net zero carbon emissions by 2050. Speaking […]
The United Arab Emirates has announced the launch of what it claims to be the world’s first renewable energy facility capable of delivering uninterrupted power at scale. The $6 billion project, led by Masdar, Abu Dhabi’s clean energy company, will integrate 5 gigawatts of solar capacity with 19 gigawatt hours of battery storage, enabling the […]