Worldwide signs four MoUs to develop Selangor’s solar energy

Worldwide signs four MoUs to develop Selangor’s solar energy

13 Mar 2023

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 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, Dynac Sdn Bhd and Majulia Sdn Bhd and is expected to be operational in mid-2025.

Worldwide 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.

Source: Bernama