Latest news with #BilateralEnergySupplyContract
The Star
23-07-2025
- Business
- The Star
BCX, UEM Lestra ink energy supply deal
KUALA LUMPUR: Bursa Carbon Exchange (BCX), a wholly owned unit of Bursa Malaysia Bhd , has signed a memorandum of collaboration (MoC) with UEM Lestra Bhd, a wholly-owned unit of UEM Group Bhd, to pilot Malaysia's first Bilateral Energy Supply Contract (BESC) auction under the Corporate Renewable Energy Supply Scheme (CRESS). The BESC auction, set to launch on BCX, will allow corporates to bid for green electricity from UEM Lestra's large-scale hybrid solar photovoltaic projects, based on their respective demand. It is the first auction to be conducted under the CRESS framework, a government initiative aimed at improving corporate access to renewable electricity through third-party access to the national grid in Peninsular Malaysia. Under the collaboration, BCX will provide its auction-as-a-service platform to facilitate an open and competitive bidding process. The auction aims to promote transparent price discovery for solar electricity and enable participating companies or prospective offtakers to enter into BESCs with UEM Lestra. Trading ideas: TNB, Bursa, HI Mobility, KIP REIT, UUE, Pestec, Jati Tinggit, SL Innovation, SC Estate, Majuperak, Oasis, Pavilion REIT
The Sun
22-07-2025
- Business
- The Sun
Bursa Malaysia IPO pipeline healthy, on track to hit 60 new listings target for 2025
KUALA LUMPUR: Bursa Malaysia is on track to achieve its target of 60 initial public offerings by the end of 2025, with 37 companies already listed this year despite ongoing global uncertainties, said CEO Datuk Fad'l Mohamed. He noted that the Malaysian stock exchange continues to serve as a robust platform for capital raising, with sustained interest from both prospective issuers and investors. He said to date, no companies have withdrawn their listing plans, and the IPO pipeline remains healthy. 'As it stands today, we still see companies exploring IPO opportunities on Bursa Malaysia. With 37 listings to date, we are well-positioned to meet our target of 60 IPOs by year-end,' he told reporters after the signing of a memorandum of collaboration (MoC) between Bursa Carbon Exchange (BCX) and UEM Lestra Bhd today. Looking ahead, Fad'l said mid-cap companies are expected to continue leading the listing activity. He added that there are indications that several large IPOs may also materialise. Issuers will need to carefully consider pricing and sizing strategies to align with prevailing market conditions, ensuring that their offerings are well-structured for investor uptake, Fad'l said. Meanwhile, BCX, a wholly owned subsidiary of Bursa Malaysia, entered into a strategic collaboration with UEM Lestra, the energy transition arm of UEM Group Bhd. The partnership will pilot Malaysia's first Bilateral Energy Supply Contract (BESC) auction under the government's Corporate Renewable Energy Supply Scheme (CRESS). This auction will enable buyers to submit competitive bids for green electricity generated from UEM Lestra's large-scale hybrid solar photovoltaic (PV) projects, based on their individual electricity demand. Under the MoC, BCX will offer its Auction-as-a-Service solution to facilitate an open and transparent bidding process for renewable energy, in line with the CRESS framework. The initiative is expected to enhance liquidity on BCX, particularly through the eventual clearing and settlement of renewable energy certificates once the solar projects reach commercial operation. Fad'l emphasised that the success of the pilot auction will depend on securing credible offtakers through a fair and competitive process. He highlighted BCX's role in enabling efficient price discovery and in supporting national efforts to reform the electricity market via market-driven mechanisms. UEM Lestra CEO Harman Faiz Habib Muhammad noted that the auction provides the company with an efficient platform to seek optimal offers for its BESC initiative. He said BCX meets the company's core criteria for a price discovery platform – namely, its credibility, independence, and impartiality, particularly in avoiding competition within the same business space. UEM Lestra is currently developing several large-scale hybrid solar PV projects, including its flagship 1-gigawatt facility in Segamat, Johor. Slated for commissioning in the first quarter of 2028, the project is expected to generate over one million megawatt-hours of clean electricity annually, offsetting nearly 800,000 tonnes of carbon dioxide emissions each year.
The Star
22-07-2025
- Business
- The Star
Bursa Carbon Exchange, UEM Lestra ink MOC to pilot first CRESS auction
KUALA LUMPUR: Bursa Carbon Exchange (BCX), a wholly owned unit of Bursa Malaysia Bhd , has signed a memorandum of collaboration (MoC) with UEM Lestra Bhd, a wholly owned unit of UEM Group Bhd, to pilot Malaysia's first Bilateral Energy Supply Contract (BESC) auction under the Corporate Renewable Energy Supply Scheme (CRESS). The MoC was signed at a ceremony attended by Bursa Malaysia chief executive officer (CEO) Datuk Fad'l Mohamed and UEM Lestra Bhd CEO Harman Faiz Habib Muhamad. Fad'l said the exchange plays an important role in accelerating the corporate transition towards a greener footprint. "Most notably, we do so by strengthening disclosure standards, streamlining sustainability reporting, and developing an ecosystem that supports decarbonisation and sustainable practices through various services. "This includes building BCX, the world's first shariah-compliant voluntary carbon market, which now operates as a multi-environmental product exchange for trading both carbon credits and renewable energy certificates (RECs) via standardised contracts,' he said in his welcoming remarks at the MoC signing ceremony between BCX and UEM Lestra. The BESC auction, set to launch on BCX, will allow corporates to bid for green electricity from UEM Lestra's large-scale hybrid solar photovoltaic (PV) projects, based on their respective demand. It is the first auction to be conducted under the CRESS framework, a government initiative aimed at improving corporate access to renewable electricity through third-party access to the national grid in Peninsular Malaysia. Under the collaboration, BCX will provide its auction-as-a-service platform to facilitate an open and competitive bidding process. UEM Lestra is currently developing several large-scale hybrid solar PV projects, including a one-gigawatt flagship project in Segamat, Johor. Scheduled to begin operations in the first quarter of 2028, the facility is expected to generate more than 1.0 million megawatt-hours of clean electricity annually and offset nearly 800,000 tonnes of carbon dioxide emissions a year. The auction aims to promote transparent price discovery for solar electricity and enable participating companies or prospective offtakers to enter into BESCs with UEM Lestra. It is also expected to deepen liquidity on BCX through the eventual clearing and settlement of RECs, once the solar projects reach commercial operation. Harman said the collaboration offers a new pathway for corporates to access clean energy aligned with their sustainability goals. He said to kickstart this collaboration, the company is inviting interested parties to submit their bids through this new auction platform to secure green electricity based on their demand. "This will support corporations in achieving their ESG (environmental, social and governance) commitments in a faster, simpler, and more impactful way-removing barriers and unlocking access to clean energy in a way that is scalable and market-driven,' he said during his speech. Looking ahead, he said the platform could play a key role in supporting Malaysia's climate goals, including reducing carbon emissions intensity by 45 per cent by 2030 and increasing the share of renewables in the electricity mix to 40 per cent by 2035. The pilot auction is tentatively scheduled for November 2025. The confirmed date will be announced at the 3rd Malaysia Carbon Market Forum on Oct 15, 2025. - Bernama
Cision Canada
12-06-2025
- Business
- Cision Canada
DayOne Signs Landmark CRESS Agreement with TNB to Secure Up to 500MW of Renewable Energy
SINGAPORE and KUALA LUMPUR, Malaysia , June 12, 2025 /CNW/ -- DayOne Data Centers, a global pioneer in digital infrastructure platforms, announced on June 11 th the signing of a Corporate Renewable Energy Supply Scheme (CRESS) agreement with Tenaga Nasional Berhad (TNB), a leading Malaysian utility company in Asia. The agreement enables DayOne to secure up to 500 megawatts of renewable energy over a 21-year term to support its data center operations in Malaysia. This makes DayOne the first corporate to execute a Bilateral Energy Supply Contract (BESC) under the national CRESS framework, setting a new benchmark for large-scale corporate green energy adoption in the country. The renewable energy will be backed by new solar generation capacity developed and operated by TNB Renewables, a wholly owned subsidiary of TNB. DayOne's operations in Malaysia currently include two hyperscale campuses in Nusajaya Tech Park (NTP) and Kempas Tech Park (KTP). "This partnership with TNB marks a bold step forward in our decarbonization journey," said Jamie Khoo, CEO of DayOne. "It reflects the ambitious collaboration needed to power the AI-driven digital economy sustainably—and to do so at scale. We are proud to lead by example in Malaysia through the country's first CRESS agreement. Sustainability is core to how we build, operate, and grow. At DayOne, we are not only transitioning our campuses to renewable energy—we are working to embed ESG principles into every part of our value chain." DayOne is deeply committed to sustainability and responsible growth. The company is working toward full renewable energy use across its operations and is taking concrete steps to reduce Scope 1 and 2 emissions, while helping its customers decarbonize their digital infrastructure. This landmark agreement not only advances DayOne's ESG strategy, but also demonstrates how green energy adoption and digital transformation can go hand in hand to build future-ready infrastructure for Malaysia. The signing ceremony was officiated by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry. Minister Zafrul commented, "The formalization of the partnership between DayOne and Tenaga Nasional Berhad clearly demonstrates the private sector's confidence in Malaysia's reindustrialization and clean energy visions. Such policy clarity, as laid out in the New Industrial Master Plan 2030 and the National Energy Transition Roadmap, has also sent a strong signal to the world: Malaysia is open for business, with focused execution on the investor's journey to lead the next wave of sustainable digital growth, high-quality jobs, and a future-ready development that will benefit our people and our economic expansion." Datuk Ir. Megat Jalaluddin Megat Hassan, President/CEO of Tenaga Nasional Berhad, emphasized that the agreement is more than just a power contract—it reflects a shared ambition for a smarter, cleaner, and more sustainable future. "As the first CRESS agreement to deliver up to 500 megawatts of green energy, this partnership is a powerful signal of how a strategic collaboration can unlock reliable and scalable clean energy solutions for Malaysia's most demanding digital infrastructures, including hyperscale data centers." "TNB is proud to lead in this transition—not only by supplying renewable energy, but by building the grid resilience, energy infrastructure, and digital backbone that enable AI, cloud, and high-performance workloads. Through initiatives like the TNB Green Lane Pathway and One-Stop Center (OSC) for data centers, we are supporting Malaysia's 70% RE target and net-zero ambition, while driving inclusive growth and job creation." The Corporate Renewable Energy Supply Scheme (CRESS), introduced by Malaysia's Ministry of Energy Transition and Water Transformation (PETRA), allows medium and high-voltage corporate consumers to directly access renewable energy through TNB's grid system. CRESS supports Malaysia's transition toward a greener and more sustainable energy ecosystem by enabling businesses to procure clean energy efficiently. In October 2024, DayOne and TNB strengthened their partnership through the signing of the fourth Electricity Supply Agreement (ESA) and a Memorandum of Understanding (MoU), under the Green Lane Pathway Initiative and One-Stop Center (OSC) for Data Centers. This collaboration advances key green initiatives, including rooftop solar via GSPARX, dark fiber connectivity through ALLO, and renewable energy solutions under CRESS. As Malaysia accelerates its energy transition and digital infrastructure development, DayOne is committed to being a long-term partner in building a low-carbon, future-ready, and globally competitive digital infrastructure platform. About DayOne DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective, and quickly scalable solutions. Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne's data centers are located across tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond. Headquartered in Singapore, DayOne's leadership team draws on over two decades of industry experience and a track record of building Asia's largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.
Korea Herald
12-06-2025
- Business
- Korea Herald
DayOne Signs Landmark CRESS Agreement with TNB to Secure Up to 500MW of Renewable Energy
SINGAPORE and KUALA LUMPUR, Malaysia , June 12, 2025 /PRNewswire/ -- DayOne Data Centers, a global pioneer in digital infrastructure platforms, announced on June 11 th the signing of a Corporate Renewable Energy Supply Scheme (CRESS) agreement with Tenaga Nasional Berhad (TNB), a leading Malaysian utility company in Asia. The agreement enables DayOne to secure up to 500 megawatts of renewable energy over a 21-year term to support its data center operations in Malaysia. This makes DayOne the first corporate to execute a Bilateral Energy Supply Contract (BESC) under the national CRESS framework, setting a new benchmark for large-scale corporate green energy adoption in the country. The renewable energy will be backed by new solar generation capacity developed and operated by TNB Renewables, a wholly owned subsidiary of TNB. DayOne's operations in Malaysia currently include two hyperscale campuses in Nusajaya Tech Park (NTP) and Kempas Tech Park (KTP). "This partnership with TNB marks a bold step forward in our decarbonization journey," said Jamie Khoo, CEO of DayOne. "It reflects the ambitious collaboration needed to power the AI-driven digital economy sustainably—and to do so at scale. We are proud to lead by example in Malaysia through the country's first CRESS agreement. Sustainability is core to how we build, operate, and grow. At DayOne, we are not only transitioning our campuses to renewable energy—we are working to embed ESG principles into every part of our value chain." DayOne is deeply committed to sustainability and responsible growth. The company is working toward full renewable energy use across its operations and is taking concrete steps to reduce Scope 1 and 2 emissions, while helping its customers decarbonize their digital infrastructure. This landmark agreement not only advances DayOne's ESG strategy, but also demonstrates how green energy adoption and digital transformation can go hand in hand to build future-ready infrastructure for Malaysia. The signing ceremony was officiated by YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry. Minister Zafrul commented, "The formalization of the partnership between DayOne and Tenaga Nasional Berhad clearly demonstrates the private sector's confidence in Malaysia's reindustrialization and clean energy visions. Such policy clarity, as laid out in the New Industrial Master Plan 2030 and the National Energy Transition Roadmap, has also sent a strong signal to the world: Malaysia is open for business, with focused execution on the investor's journey to lead the next wave of sustainable digital growth, high-quality jobs, and a future-ready development that will benefit our people and our economic expansion." Datuk Ir. Megat Jalaluddin Megat Hassan, President/CEO of Tenaga Nasional Berhad, emphasized that the agreement is more than just a power contract—it reflects a shared ambition for a smarter, cleaner, and more sustainable future. "As the first CRESS agreement to deliver up to 500 megawatts of green energy, this partnership is a powerful signal of how a strategic collaboration can unlock reliable and scalable clean energy solutions for Malaysia's most demanding digital infrastructures, including hyperscale data centers." "TNB is proud to lead in this transition—not only by supplying renewable energy, but by building the grid resilience, energy infrastructure, and digital backbone that enable AI, cloud, and high-performance workloads. Through initiatives like the TNB Green Lane Pathway and One-Stop Center (OSC) for data centers, we are supporting Malaysia's 70% RE target and net-zero ambition, while driving inclusive growth and job creation." The Corporate Renewable Energy Supply Scheme (CRESS), introduced by Malaysia's Ministry of Energy Transition and Water Transformation (PETRA), allows medium and high-voltage corporate consumers to directly access renewable energy through TNB's grid system. CRESS supports Malaysia's transition toward a greener and more sustainable energy ecosystem by enabling businesses to procure clean energy efficiently. In October 2024, DayOne and TNB strengthened their partnership through the signing of the fourth Electricity Supply Agreement (ESA) and a Memorandum of Understanding (MoU), under the Green Lane Pathway Initiative and One-Stop Center (OSC) for Data Centers. This collaboration advances key green initiatives, including rooftop solar via GSPARX, dark fiber connectivity through ALLO, and renewable energy solutions under CRESS. As Malaysia accelerates its energy transition and digital infrastructure development, DayOne is committed to being a long-term partner in building a low-carbon, future-ready, and globally competitive digital infrastructure platform. About DayOne DayOne is a data center pioneer that develops and operates next-gen digital infrastructure for industry leaders who demand reliable, cost-effective, and quickly scalable solutions. Our cutting-edge facilities empower hyperscalers and large enterprises to achieve rapid deployment and enhance connectivity, driving transformative engagement and innovation as we shape the future of industries. DayOne's data centers are located across tier-one and emerging markets, including Singapore, Johor (Malaysia), Batam (Indonesia), Greater Bangkok, Hong Kong SAR, Tokyo, and beyond. Headquartered in Singapore, DayOne's leadership team draws on over two decades of industry experience and a track record of building Asia's largest data center business. With DayOne, they have created the SIJORI (Singapore, Johor, and Riau Islands) market as a global data center hub.
