Samaiden Group Berhad, a Malaysia-based renewable energy firm, has inked a strategic partnership with investment firm Meta Bright Group Berhad (MBGB) to advance clean energy initiatives in Asia Pacific (APAC) region.

Samaiden said in a statement on Tuesday that this collaboration aims to expand business opportunities and accelerate the growth of renewable energy solutions, particularly for the mining sector within the APAC region.

The collaboration aims to establish a strategic relationship focused on mutual advancement in the clean energy sector.

Leveraging the unique capabilities and resources of both Samaiden and MBGB, the partnership will introduce standardized procedures to assess financial, technical, and regulatory aspects, catalyzing growth in renewable energy initiatives in the APAC mining sector.

Samaiden brings to the table its extensive knowledge and expertise in clean energy technology and comprehensive engineering, procurement, construction, and commissioning (EPCC) services.

MBGB, on the other hand, will contribute its own insights into clean energy technology and resource optimisation.

Together, they plan to jointly develop clean energy projects that will serve the mining sector across the APAC region.

“This partnership signifies a milestone in Samaiden’s ongoing commitment to renewable energy,

“Coupling the expertise of both Samaiden and MBGB, we are confident that this collaboration will establish a stronger and more sustainable energy landscape throughout the APAC region,” Samaiden Group Managing Director Chow Pui Hee said.

MBGB Executive Director Derek Phang Kiew Lim, on the other hand, said that this collaboration aligns with the firm’s commitment to sustainable energy solutions and opens new avenues for both companies in the rapidly evolving APAC clean energy market.

“We are excited to enter this partnership with Samaiden, one of the leaders in the renewable energy space,” he said.

Samaiden through its subsidiary is a renewable energy specialist incorporated in 2013.

The firm is principally involved in EPCC of solar photovoltaic (PV) systems and power plants.

Samaiden’s other activities include the provision of renewable energy and environmental consulting services, as well as operation and maintenance (O&M) services.

Meta Bright and its subsidiaries is involved in the hospitality business with the renowned four-star hotel Grand Renai in Kelantan.

The group is also involved in investment properties and property development, currently focusing on its Damai Project in Sabah.

In addition, the group has recently diversified into the energy industry as a Registered Solar PV Investor (RPVI), and the financing and leasing business, aligning with its strategy to enter into sustainable business activities to further grow the group.

This diversification follows the successful turnaround of the group’s existing hospitality businesses, as a result of new management’s relevant business expertise.

The group said it will continue to build o its core competencies while actively exploring various profitable business adjacencies to strengthen the group’s earnings.

Malaysia’s Solarvest secures 11 solar photovoltaic projects in Vietnam