Malaysian PV project reaches FID
- Jetama Energy and also Symbior Solar is developing the plant in Sabah which is due online in 2023
The developer of a 10MW solar project in Malaysia has actually reached last investment decision.
A joint venture of Jetama Energy and Symbior Solar is establishing the site in Labuan, Sabah in eastern Malaysia.
A Myr43m (EUR9.1 m) project finance facility has actually been offered by AmBank Islamic Berhad.
Finergreen acted as the exclusive economic consultant for Solar PV Power (SPP), the joint venture developing the site.
The project was awarded after Jetama and Symbior's joint bid entry under the 2nd round of the Malaysian Large Scale Solar program (LSS2).
SPP signed a 21-year power purchase agreement with Sabah Electricity (SESB), the regional utility firm running in Sabah and Labuan, in December 2021.
The credit score center will be made use of for the building and construction of the power plant, which is anticipated to be functional within the 2nd quarter of 2023.
Also read
- Lightsource bp closes tax equity for 187-MW Peacock Solar financing
- Dimension raises $412m to expand nationwide community solar portfolio buildout
- Recurrent secures $825m for Arizona batteries and solar projects financing
- Onde wins contracts to build 120 MW of Polish solar
- PowerChina Fast-Tracks Enel Colombia 180-MW Solar Connection
