Iskandar Investment Bhd (IIB), the leading developer of Iskandar Puteri (Malaysia) in Johor, has taken a significant stride towards sustainability by formalizing a collaboration agreement with Cenergi SEA Bhd, a subsidiary of UEM Group Bhd. This collaboration aims to spearhead various renewable energy (RE) exploration initiatives, marking a pivotal moment in IIB’s journey towards achieving its net-zero aspirations in Medini. According to Datuk Idzham Mohd Hashim, President/CEO of IIB, this collaboration signifies a critical step towards establishing the first net-zero carbon central business district (CBD), focusing on digital innovation and global business services (GBS). By leveraging the expertise of both…
Author: Lakshita Kapoor
The Sepang Municipal Council (MP Sepang) in Malaysia has recently installed a photovoltaic (PV) system atop its headquarters in Cyberjaya, Selangor. This move is projected to significantly slash the local authority’s electricity expenses by a noteworthy 20%.The PV system, an assembly comprising solar panels, inverters, and associated electrical and mechanical components, marks a pivotal step towards harnessing clean energy sources. According to MP Sepang president Datuk Abd Hamid Hussain, the newly installed solar panels boast an estimated capacity of 470kWp (kilowatts peak), poised to generate approximately 602,409kWh in the inaugural year alone. “This initiative is not only financially prudent but…
In the ever-evolving landscape of renewable energy, China emerges as a pivotal player, wielding substantial influence over global clean energy deployment. According to a latest report from the International Energy Agency (IEA), 2023 marked a significant milestone, witnessing a remarkable surge in clean energy installations worldwide. Solar PV and wind energy installations surged by 85% and 60%, respectively, with nearly 540 GW of capacity additions globally. Notably, China spearheaded the majority of these advancements, underscoring its dominance in the renewable sector. However, while clean energy deployment soared, it remained heavily concentrated in advanced economies and China, leaving other regions behind.…
In a move towards sustainable energy initiatives, Bank Islam Malaysia Berhad recently solidified its commitment to Malaysia’s energy transition efforts by signing a financing agreement with Sand Town Solar Sdn Bhd (STS) worth RM91.5 million. The signing ceremony, held in Kuala Lumpur recently, was attended by Malaysia’s Deputy Prime Minister and Energy Transition and Water Transformation Minister, Datuk Seri Fadillah Yusof, underscoring the significance of the occasion. The agreement marks Bank Islam’s pioneering role as the first Islamic banking institution to provide financing facilities for private companies under the New Enhanced Dispatch Agreement (Neda) mechanism. Ahmad Haliman Abd Halim, Bank…
Solarvest Holdings Bhd’s subsidiary, Solarvest Energy Sdn Bhd, has secured a deal with Gentari Renewables Sdn Bhd to install solar power systems at more than 300 Petronas stations in Malaysia by 2027. Solarvest Energy is a Malaysian renewable energy company. This partnership signals a stride in Malaysia’s shift towards renewable energy, aligning with the nation’s renewable energy objectives, Solarvest announced. The initiative underscores a growing commitment to environmental, social, and governance (ESG) principles within the oil and gas sector, solidifying its pivotal role in Malaysia’s energy transition journey, according to Solarvest. Commencing in April 2024, the project aims to deploy…