July 2, 2024

Reservoir Link Solar Projects Expand Renewable Energy Portfolio Over 1.5GW

Reservoir Link Energy Bhd, RLEB, a fully integrated independent energy services provider, announced it has delivered more than 1.5 gigawatts (GW) of solar projects, which was a ‘major milestone’ since it entered the solar renewable energy segment following the acquisition of Founder Energy Sdn Bhd in June 2021.

Impressive Project Completion Record

Reservoir Link has a pipeline of 1,513 MW (megawatts) of solar projects that have been delivered so far: 311 MW in Fiscal Year (year ended 31 December 2021), 924 MW in the next 18 months, year ended 30 June 2023, and 278 MW in Fiscal Year (year ended 30 June 2024).

This impressive track record testifies to its commitment to expand its solar project portfolio and solidify its position as a leading engineering, procurement and construction service company in Malaysia.

It has since expanded its solar project portfolio, and firmly made home for itself in Malaysia as one of the biggest engineering, procurement and construction service providers, Reservoir Link says.

This success is a testament to the organization’s commitment to alternatives in the Energy sector and its continued efforts to build an extensive solar pipeline. The firm is also looking at other renewables, as a component of its effort to become an energy solutions provider diversifying its revenue streams.

Commitment to Renewable Energy

The executive deputy chairman, Thien Chiet Chai, told the Wall Street Journal that he felt good about Timor’s energy business, plus the listing of the company’s subsidiary Founder Energy on the Nasdaq.

‘We are very excited about the future as we chart the path for a cleaner tomorrow as more and more people implement renewables into their power energy mix which would fast track the clean energy transition and good for a sustainable future,’ he enthused.

Impact on Malaysia's Renewable Energy Landscape

The country’s first renewable energy integrated project to reach commercial operations is expected to achieve a milestone of a cumulative total of more than 1.5GW of solar projects completed by Reservoir Link Energy Bhd by the end of this year. This is more than a business venture for RLEB. It signals Malaysia’s first milestone in its rapid renewable energy race.

They’ve done this by significantly scaling up solar power generation, and in so doing will help Malaysia transition away from fossil fuels, which emits greenhouse gases and contributes to climate change, towards meeting both domestic renewable energy targets and international climate commitments.

On top of that, its efforts are driving the development and innovation of renewable energy technologies that will spur individual local businesses and workforce development.

The arrival of solar projects is expected to create economic momentum through investment and the development of sustainable practices at a range of enterprises. With local corporate and private sector stakeholders familiar with renewable energy practices, Malaysia will have a significant advantage in becoming a regionally proactive champion of sustainable energy solutions.

The success of Reservoir Link shows other energy companies what can be accomplished through investment in renewable energy projects and brings the country a little closer to the dream of a society that relies on clean and reliable non-fossil fuel energy.

With the recent completion of more than 1.5GW in solar projects by Reservoir Link Energy Bhd, the company has gained the scale to make a substantial contribution to Malaysia’s sustainable energy mix. By pivoting into the solar energy sector and embracing its inherent value in tackling climate issues, Reservoir Link has shown its commitment to decarbonising the country.

Meanwhile, as it prepares for its Nasdaq listing of its Founder Energy business unit, it ensures the industry remains at the forefront of renewable-energy innovation and expansion.

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