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Worldwide Holdings signs four MoUs to develop Selangor's solar energy

SHAH ALAM, March 13 (Bernama) -- Worldwide Holdings Bhd signed four memoranda of understanding (MoUs) today to establish cooperation in the development of solar energy projects to promote smart and renewable energy use in Selangor.

Worldwide Holdings said the first two MoUs relate to the development of an independent power plant project to generate energy from a floating solar farm in Cyberjaya lake.

"The energy produced will be distributed to off-takers comprising private companies committed to clean energy and sustainability," the company said in a statement today.

According to the company, the project to be developed with an expected cost of RM100 million will be led by a consortium comprising Worldwide Holdings, Dynac Sdn Bhd and Majulia Sdn Bhd and is expected to be operational in mid-2025.

Worldwide Holdings group chief executive officer Datin Paduka Norazlina Zakaria signed the MoU on behalf of the consortium signatories from Cyberview Sdn Bhd, Cyberjaya’s main technology hub developer.

Another MoU was with the signatories from the project’s off-taker, namely Cyberview Sdn Bhd, Wistron Technology (Malaysia) Sdn Bhd , Kumpulan Perangsang Selangor Bhd, Global Energy Storage Malaysia, and PKNS Real Estate Sdn Bhd.

The other two MoUs relate to installing solar photovoltaic (PV) panels in government buildings and residences in Selangor and the 

One MOU was signed with PKNS Real Estate Sdn Bhd to develop solar energy investment for private use and the other was signed with Laman Seri Business Park Management Body involving net energy metering (NEM) involving solar energy and roof leasing agreement.

Selangor Menteri Besar Datuk Seri Amirudin Shari who witnessed the MoUs signing ceremony said the projects are in line with the national development agenda and the “Smart Selangor Blueprint” and will contribute to Malaysia's efforts to reduce carbon dioxide emissions by 45% by 2030, and reduce the state's carbon footprint.

"It also strengthens Selangor's commitment to sustainability and green energy," he added.

-- BERNAMA

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