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ReNIKOLA Holdings has been chosen to lead two large-scale solar projects in Malaysia with a total capacity of 618 MWp under the country's Large Scale Solar 5+ programme. The projects, set to operate for 21 years, are projected to attract 1.2 billion ringgit (USD 285.37 million) in investment and are expected to be commissioned by the end of 2027. Malaysia is ramping up renewable energy efforts, aiming to increase gas-fired capacity by 50% and more than double renewable capacity by 2030 to reduce coal dependence and meet growing electricity demand, particularly from data centres.
Malaysia's renewable energy company, reNIKOLA Holdings, has been shortlisted to implement two solar projects with a combined capacity of 618 Megawatts peak (MWp) under the Large Scale Solar 5+ programme. The company stated that it will manage the projects, which are designed to provide clean energy for 21 years and attract an estimated investment of 1.2 billion ringgit (USD 285.37 million). The projects are scheduled to be commissioned by the end of 2027. Advertisement
These initiatives form part of Malaysia's broader strategy to expand renewable energy production and reduce reliance on fossil fuels. The country plans to increase its gas-fired power capacity by 50% and more than double renewable energy capacity by 2030. These measures are intended to meet rising electricity demand, particularly from data centres, while gradually reducing coal usage.
ReNIKOLA's selection reflects the government?s ongoing efforts to involve private players in sustainable energy development. Past solar programmes in Malaysia have successfully increased clean energy adoption, and the Large Scale Solar 5+ programme builds on these achievements by supporting long-term renewable energy projects with substantial investment.
The projects will not only provide reliable solar power but are also expected to strengthen Malaysia's energy security and support its climate goals. By combining technical expertise with long-term operational oversight, reNIKOLA is set to contribute significantly to the country's clean energy transition.
Source- Reuters
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