Jaks Resources Berhad enters into a Memorandum of Understanding with Zero Carbon Energy Europe GmbH to participate in a solar photovoltaic project with an installed capacity of 63.3 MW, located around Grosseto and Firenzuola in Tuscany, Italy.
Under the MOU, the group’s subsidiary JAKS Power is granted an exclusivity period of 3 months from the date of the MOU to conduct its due diligence exercise, and subsequently sign a Definitive Project Investment Agreement with ZC Energy.
Incorporated in Germany, ZC Energy is principally involved in developing and investing in renewable energy, trading in renewable energy products and operating and managing photovoltaic systems, wind turbines, hydrogen systems and storage systems. Through its’ sister companies, BaySolar AG and Bay Energy Group had completed multiple solar photovoltaic projects across Europe.
JAKS chief executive officer Andy Ang Lam Poah said, the collaboration with ZC Energy will not only facilitate its initial foray into Europe but also underlines our commitment to expand asset portfolio, particularly in the renewable energy sector.
