Cenergi SEA inks partnership with Fabulous Sunview to pursue sustainable energy solutions

KUALA LUMPUR: Khazanah Nasional Bhd’s sustainable energy subsidiary, Cenergi SEA Bhd, has partnered with Fabulous Sunview Sdn Bhd (FSSB) to offer integrated sustainable energy solutions.

Cenergi said the company had signed a strategic business alliance agreement (SBAA) with FSSB to collaborate on developing utility-scale solar photovoltaic projects and providing integrated sustainable energy solutions.

“Under this strategic alliance, Cenergi will be the project developer, investor, and operator, while FSSB will be the engineering, procurement, construction, and commissioning (EPCC) partner,” it said.

Cenergi group chief executive officer Hairol Azizi Tajudin said the collaboration sets another milestone for the company, following its issuance of the corporate green Sukuk program last year.

“We are excited to join forces with a reputable organisation like FSSB to offer sustainable energy solutions to clients in Malaysia and Southeast Asia.

“The company will also help them to accelerate their environmental, social, and governance (ESG) agenda and to support the government’s aspiration to increase renewable energy (RE) capacity to 40 per cent by 2035 and towards carbon neutral status as early as 2050,” said Hairol.

Meanwhile, Ong said the company is committed to providing best-in-class RE solutions to fulfil Cenergi’s vision and aspirations.

“Aside from C&I projects, FSSB is currently constructing approximately 11MWp ground-mounted solar farms under the NEDA scheme for Cenergi.

“We look forward to delivering more projects for Cenergi in the future,” he said.

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 or New Enhanced Dispatch Arrangement (NEDA) scheme or future virtual power purchase agreement (VPPA) scheme.

They also target securing at least 15 MW of C&I rooftop solar projects per year for the next three years.