SD Guthrie, Gamuda Energy partner to develop 1.2GW of solar power assets
KUALA LUMPUR: SD Guthrie Bhd and Gamuda Energy Sdn Bhd (Gamuda) have entered into a collaboration agreement to develop, own and operate solar power assets, including energy storage systems, with a combined target capacity of 1.2 gigawatts (GW).
In a joint statement today, the companies said the partnership aims to capitalise on the rising demand for renewable energy (RE) from high-quality offtakers, offering fast-tracked and scalable RE supply that will be critical to meet the sustainability goals of industrial players and data centres in Malaysia.
Guthrie group managing director Datuk Mohamad Helmy Othman Basha said RE is one of two new business verticals that the company has identified as a key growth pillar for the group.
At the national level, he added, it will also support Malaysia's efforts to decarbonise its electricity sector.
"Our partnership with Gamuda reflects our ongoing strategy of partnering with established and experienced players to provide a strategic pathway for Guthrie to accelerate expansion into these new verticals,' he said.
With Guthrie's first 15-megawatt (MW) Corporate Green Power Programme solar plant in Bukit Selarong, Kedah, scheduled to begin operations in the fourth quarter of 2025, Mohamad Helmy said the latest partnership represents an opportunity to create value by meeting RE demand from both public and private sector users under frameworks such as the Corporate RE Supply Scheme.
Meanwhile, Gamuda Engineering Sdn Bhd executive director Faris Mohd Yusof said the company is focused on expanding its RE infrastructure portfolio-particularly in Malaysia and Australia-across multiple asset classes, including solar, wind, hydro (including pumped hydro), battery energy storage systems, and transmission projects, with over 3GW of renewables in various stages of deployment.
"Our expertise in delivering utility-scale solar farms - ranging from over 100MW projects in Malaysia to significantly larger projects abroad - combined with our exclusive partnership with Guthrie, which holds the largest nationwide landbank for RE deployment, uniquely positions our joint-venture to provide RE solutions at scale for our multinational partners.
"Our end-to-end delivery will be supplemented by our strategic stake in ERS Energy with its strong solar EPCC (engineering, procurement, construction and commissioning) track record across the Philippines, Vietnam, Singapore, Australia, and Malaysia.'
In the first phase of the collaboration, both partners will identify Guthrie's unproductive or underutilised land nationwide to assess their potential for solar power development.
Gamuda Energy is an indirect wholly owned subsidiary of Gamuda Bhd , through Gamuda Engineering. - Bernama
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