US investment group eyes renewable energy, tech opportunities

04 Feb 2025

The Capricorn Investment Group from the United States is the latest international investor exploring opportunities in Sarawak, especially in the renewable energy and technology sectors.

According to a Sarawak Public Communications Unit report, Capricorn officials were here yesterday to pay a courtesy call on Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg at Wisma Bapa Malaysia.

InvestSarawak chief executive officer Timothy Ong, who accompanied the group, told the media after the meeting that both parties discussed how Capricorn could support the state’s development in the new energy, battery, and space industries.

The delegation was led by Capricorn partner and strategic advisor Jérome de Bontin.

“Capricorn is not an unknown name in the world of technology investment. They were previously among the early investors in giant companies such as Tesla and SpaceX.

“With extensive experience in the field of innovation, they see Sarawak as a strategic destination for investments related to green energy and digital technology,” said Ong in the report.

Adding that Abang Johari welcomed the ideas brought by the delegation, Ong said among the main agenda discussed were the development of a prosperity action plan, new energy, as well as potential collaboration in the semiconductor sector and digital parks in Sarawak.

He said Abang Johari also ordered a follow-up meeting to be held to detail the form of collaboration that could be established with Capricorn.

Source: The Borneo Post