Asia has seen its role in the renewable energy sector shifting as a litany of nations aim to meet their self-imposed clean energy mandates by the end of the decade. Malaysia has expressed its ambitions to reach its clean energy and emission targets by investing heavily in the solar power sector. Now, the country is entering a new era of energy generation led by several renewable energy projects, including the 29.99-MW utility-scale solar plant in Kedah. The EPCC contract has been awarded to a consortium that will fast-track the deployment of the solar project in Malaysia.
Solar power usage has been growing at an astonishing rate all over the world
Amid the sea of potential clean energy production methods, solar has emerged as the undisputed king of the sector. With several nations that relied on fossil fuel-based energy production for generations now turning to the solar power sector to increase clean energy production, the future for the solar sector is looking as bright as the sun that powers it.
A prime example of the shift in energy production can be seen in Australia, which recently announced that it will offer citizens up to three hours of free electricity due to increased levels of solar power in the nation. Growth of the solar sector has been a sight to behold, with several Asian nations seeing substantial increases in solar project investments.
Malaysia has awarded the EPCC contract for the new utility-scale solar plant
MK Land Holdings has awarded a RM142.3 million Engineering, Procurement, Construction, and Commissioning contract to Solarvest Holdings Berhad to develop the new solar plant in Kedah. The contract was awarded by the consortium leading the project, of which several large energy companies hold significant stakes, including Solar Citra and TotalEnergies Renewables.
The new solar plant will strengthen Malaysia’s renewable energy production
MK Land expressed its pleasure to award the EPCC contract to Solarvest and has noted that the project will reshape regional renewable energy output over the project’s lifetime. The contract builds on the already beneficial relationship between MK Land and Solarvest, following Solarvest being selected as the main developer for the 10.95MW solar plant under the LSS4 scheme in Kerian.
“This project not only strengthens M K Land’s renewable energy portfolio but also demonstrates the value of working closely with strategic allies like TotalEnergies and Solarvest. Together, we are committed to delivering a high-quality solar photovoltaic plant that supports the nation’s clean energy transition while creating long-term sustainable value for our stakeholders, and future generations.” – Frankie Chai, Chief Operating Officer of M K Land and Director of Citra Energies
The awarding of the EPCC contract follows a recent announcement that the World Bank will back a new solar plus storage project in Malaysia, exemplifying the nation’s clean energy transition plans over the coming years.
“We are honoured to be entrusted by Citra Energies to undertake this project and appreciate their confidence in our capabilities. With our proven track record in delivering utility-scale developments, we are confident in fulfilling our role as a Solar Power Producer by providing Corporate Consumers with reliable, sustainable energy solutions to support their decarbonisation goals.” – Dato’ Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer of Solarvest
Asia is developing new solar panel technology to boost energy output
The news in Malaysia is a sign of market trends shifting to reflect international demand for clean energy. As new and exciting technology is revealed to the world by China, the Asian renewable energy market is set to grow substantially over the next decade. China is developing a new type of solar panel that will revolutionize the market and enable nations with solar energy ambitions to generate power even in the worst of weather conditions. The future of the renewable energy market will depend on the embrace of the sector in regions of the world like Asia.
