News about renewable energy

For both MOUs, Pavilion REIT noted that a corporate green power agreement (CGPA) is to be executed within 60 days of approval from the Energy Commission to participate in the CGPP.

Khazanah plans for the platform to drive Malaysia’s decarbonisation agenda while also upskilling Malaysians in green sectors over the long term.

The “cross-border RE sale will be conducted via an electricity exchange system to be set up by the government”, Rafizi said.

The selected projects are Menara JLand, KOMTAR JBCC, B5 Johor Street Market, Ibrahim International Business District and Bandar Dato’ Onn.

“This will also increase the appetite for investments, once you are sure you can deliver the electricity and be paid in return.

“We will continue to leverage our RE expertise in PV systems and power plants to seek more projects, as businesses and other organisations move towards more sustainable operations.

The group expects an increase in net profit of around RM7 million, as two of the three LSS4 projects are scheduled to be commissioned by May 2023.

With the tariff hike, it forecast that the steel industry’s annual electricity cost, which is estimated at RM1 billion in 2022, would rise to more than RM1.

“We must focus on the future of our planet and emphasise sustainability of renewable energy and Sunway Nexis is happy to partner with Samaiden as the solar PV investor as this will certainly help to raise awareness of RE and its benefits to the owners and tenants of the building.

"Our RE plans also reach beyond the Malaysian border.