Energy

Malaysia-based Malakoff Corporation Berhad has appointed Solarvest Holdings Berhad, a clean energy firm, as the engineering, procurement, construction and commissioning (EPCC) contractor for the country’s largest LSS Petra 5+ solar project.

Mestron Energy Sdn Bhd, the renewable energy arm of Mestron Holdings Berhad, has signed a memorandum of understanding (MoU) with Trina Solar Co., Ltd (Trinasolar), a Chinese smart photovoltaic (PV) and energy storage solutions firm, to jointly advance Malaysia’s renewable energy capacity and accelerate the country’s clean energy transition.

Malaysia will continue to push its energy transition agenda, the country's Prime Minister Anwar Ibrahim said last Friday.

Senheng Electric (KL) Sdn. Bhd. (Senheng), a Malaysia-based consumer electronics retailer, has partnered with clean energy provider Progressture Power Sdn Bhd (Progressture Solar) to expand its solar energy offering into East Malaysia.

Malaysia's clean energy firm Solarvest Holdings Berhad has teamed up with aluminum producer Press Metal Berhad to deliver Sarawak's 100-megawatt solar farm with an estimated investment cost of MYR 380 million ($90.14 million).

Brookfield, a global investment firm founded in Canada, has entered into a joint investment framework agreement with Malaysian clean energy firm Solarvest Holdings Bhd to jointly develop, construct and operate at least 1.5 GW of utility-scale solar and battery energy storage projects in Malaysia over next three to five years.

Asia Pacific (APAC) firms are scaling up energy transition to meet surging demand, according to industry research conducted by ABB’s Energy Industries division.

Maybank Investment Bank has maintained a neutral stance on the renewable energy (RE) sector in the Philippines despite the positive government support as execution has lagged and RE players are navigating near-term headwinds with execution hurdles.

Kaneka Malaysia Sdn Bhd and BAC Renewable Energy Sdn Bhd (BACRE) have teamed up to launch MYR 30 million ($7.13 million) biomass steam plant in Gebeng, advancing Malaysia’s renewable energy and energy transition roadmaps.

Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance and an agency under the purview of the Ministry of Science, Technology and Innovation (MOSTI) of Malaysia, is targeting total approvals of MYR 300 million ($71.06 million) in financing for energy transition projects under the National Energy Transition Facility (NETF) by the end of…