Cenergi SEA Berhad (Cenergi), Khazanah Nasional’s sustainable energy subsidiary, has signed a Strategic Business Alliance Agreement (SBAA) with Fabulous Sunview Sdn Bhd (Sunview), a leading solar service provider, to collaborate on developing utility-scale solar photovoltaic projects and providing integrated sustainable energy solutions to help commercial and industrial customers achieve their corporate sustainability and decarbonization goals.
Under this strategic alliance, Cenergi will be the project developer, investor, and operator while Sunview will be the engineering, procurement, construction, and commissioning (EPCC) partner. Both parties are aggressively pursuing and developing over 25 megawatts (MW) of solar projects in Malaysia, including zero-cost rooftop solar installations for C&I customers and a large-scale solar farm. Building on these achievements, both Companies intend to scale up their strategic collaboration to add more solar projects of up to 100 MW either on the Large Scale Solar (LSS) programme, New Enhanced Dispatch Arrangement (NEDA) scheme, or future Virtual Power Purchase Agreement (VPPA) scheme. They also target to secure at least 15 MW of C&I rooftop solar projects per year for the next three years.
“The collaboration sets another milestone for Cenergi, following our issuance of the Corporate Green Sukuk program last year after being recently awarded five biogas feed-in tariff (FiT) projects with a total capacity of 10.8MW by SEDA Malaysia,” said Hairol Azizi Tajudin, Group Chief Executive Officer of Cenergi.
Ong Hang Ping, Chief Executive Officer of Sunview said “We are very excited and honoured to be part of Cenergi’s journey and are fully committed to providing best-in-class RE solutions to fulfill Cenergi’s vision and aspirations.” “Aside from C&I projects, Sunview is currently constructing approximately 11MWp ground-mounted solar farm under NEDA scheme for Cenergi. We look forward to delivering more projects for Cenergi in the future,” Ong added.
