Latest news with #MSRGreenEnergy
New Straits Times
02-05-2025
- Business
- New Straits Times
Seal associate secures RM408mil for Sabah battery storage project
KUALA LUMPUR: Seal Incorporated Bhd's 30 per cent-owned associate, MSR Green Energy Sdn Bhd, has secured RM408.2 million in financing to part-fund a large-scale battery energy storage system project in Sabah. In a filing with Bursa Malaysia today, the group said the financing was provided by AmBank Group. This follows MSR Green Energy's award of the project in Lahad Datu, valued at RM644.6 million, by Sabah Electricity Sdn Bhd in September last year. The project is expected to become one of Southeast Asia's largest battery storage systems and the first of its kind in Sabah, with a final installed capacity of 517 megawatt-hours. It aims to improve grid stability, increase reserve margins during peak demand, and support future expansion of renewable energy infrastructure in the region. "With the invaluable financing support of AmBank, our large-scale battery energy storage project represents a pivotal step toward realising a shared vision of a greener future," MSR Green Energy director Ong Kah Hui said in a statement. MSR Green Energy, established in 2012, is a renewable energy player with a track record of 39 commissioned solar photovoltaic projects. The company is also developing two large-scale solar projects under the Corporate Green Power programme, totalling 95 megawatt-peak, which are slated for completion by end-2025.
New Straits Times
30-04-2025
- Business
- New Straits Times
AmBank approves RM408.2mil financing for battery storage project in Sabah
KUALA LUMPUR: AmBank Group has approved a financing facility totalling RM408.2 million to MSR Green Energy Sdn Bhd to part-finance its working capital requirements for a battery energy storage system project in Sabah. The project, awarded by Sabah Electricity Sdn Bhd is valued at RM644.6 million. Upon completion, the facility will be one of the largest battery storage systems in Southeast Asia and the first energy storage facility in Sabah, with a final installed capacity of 517 megawatts per hour. It is designed to enhance grid stability, boost reserve margins during peak demand periods, and enable further expansion of power plants in the region. Beside the ongoing project in Sabah, MSR Green Energy is currently overseeing two large-scale solar projects under the Corporate Green Power Program scheme with a total of approximately 95 megawatt-peak, scheduled for completion by the end of 2025. "This financing facility with MSR marks a significant step in supporting Malaysia's transition towards a more resilient and sustainable energy future. By backing its advanced energy storage infrastructure, we hope to be able to continue our support to demonstrate our commitment to sustainable financing and renewable energy development," said AmBank Group business banking managing director Christopher Yap. MSR Green Energy director Ong Kah Hui said the initiative not only addresses Sabah's power supply and grid stability requirements but also lays a robust foundation for integrating future renewable energy plants into the region's infrastructure. "We are deeply honoured to participate in this project through an open-tender exercise by Sabah. Electricity Sdn Bhd. With the invaluable financing support of AmBank, our large-scale battery energy storage project represents a pivotal step toward realising a shared vision of a greener future," said Ong.
Yahoo
23-04-2025
- Business
- Yahoo
Arctech Presents 30GW-Proven SkyLine II and Signs Strategic Partnership at Solar&Storage Live Malaysia 2025, Solidifying Its Leading Position in Southeast Asia's Solar Market
KUALA LUMPUR, Malaysia, April 22, 2025 /PRNewswire/ -- Arctech, the world's leading solar tracking, racking and energy storage solutions provider and the APAC's top solar tracker supplier, wrapped up its participation in the Solar&Storage Live Malaysia 2025 held in Kuala Lumpur from 9-10 April with remarkable achievements. The exhibition served as a significant platform for Arctech to showcase its innovative solar solutions tailored for Southeast Asia's renewable energy landscape. The highlight of Arctech's booth was its signature 1P single-axis solar tracker SkyLine II, a globally proven solution with nearly 30GW deployed worldwide. Engineered for challenging climates, it features a pioneering multi-point drive mechanism, AI-powered algorithms, and corrosion-resistant components, ensuring maximum energy yield even in high-humidity, high-temperature environments. Its rigid torque tube design further enhances structural stability across diverse terrains, from coastal plains to hilly landscapes. Moreover, SkyFly, a flexible solar tracking system, caught the attention of attendees. Featuring a max. 35-meter long span with a trapezoidal four-cable structure, this solar tracker is highly adaptable for diverse installation scenarios, making it a perfect choice for solar projects spread across different topographies in Southeast Asia. Complementing the SkyLine II and SkyFly tracker systems, Arctech brought the 1P linked dual-row tracker SkyLight for low-wind regions and advanced fixed-tilt structures, forming a comprehensive portfolio that addresses every project requirement. This versatility positions Arctech as a one-stop partner for Malaysia's solar market. A major milestone during the exhibition was the partnership agreement signed between Arctech and MSR Green Energy. This collaboration will be a strong foundation for Arctech's further expansion in Southeast Asia and beyond. "Malaysia and Southeast Asia are pivotal markets in our global strategy," said Jolin Xu, Head of APAC BU at Arctech. "With over 5.3GW of tracking and racking systems deployed across APAC, including 2.3GW in Southeast Asia, we leverage our in-house HDG factories, rapid response capability, and stringent quality control to deliver solutions that meet regional demands. As the region aims to achieve 35% renewable energy by 2030, Arctech is committed to accelerating this goal through affordable technology and strategic partnerships." Building on this momentum, Arctech invites the global solar community to meet us at Intersolar Europe 2025 in Munich (May 7–9, Booth A6.310), where we will unveil the next generation of smart tracking and storage solutions. Explore more at View original content to download multimedia: SOURCE Arctech Sign in to access your portfolio
