Shizen and Terengganu Inc Launch Solar Development Partnership

• Shizen Energy and Terengganu Inc unite to power Malaysia's green future with innovative solar projects, boosting revenue and advancing renewable energy goals in Terengganu.

Shizen Energy of Japan has signed a memorandum of understanding (MoU) with Terengganu Incorporated Sdn Bhd to collaborate on developing solar power projects in Malaysia's Terengganu state. The memorandum focuses on co-developing ground-mounted solar power systems, with Terengganu Inc serving as the state government's investment arm.

Terengganu Inc's President and CEO, Burhanuddin Hilmi Mohamed, expressed optimism about the project's potential to boost state revenue through a green economy initiative. Shizen International's Representative Director, Hiroki Koga, emphasized the MoU's role in supporting renewable energy growth in Malaysia and Terengganu Inc's goal of achieving a 35% renewable energy capacity mix by 2025.

What are the expected benefits of Shizen Energy's collaboration with Terengganu Inc?

The collaboration between Shizen Energy and Terengganu Incorporated Sdn Bhd is expected to yield several significant benefits, particularly in the realm of renewable energy development and economic growth. Below are the anticipated advantages:

- Increased Renewable Energy Capacity: The partnership will contribute to Terengganu's goal of achieving a 35% renewable energy capacity mix by 2025, aligning with national efforts to enhance sustainability.

- Economic Development: By focusing on green energy initiatives, the collaboration can stimulate local economic growth, create jobs, and bolster the state's GDP through construction, maintenance, and operation of solar power facilities.

- Energy Security: Developing local solar power projects can enhance energy independence for Terengganu, reducing reliance on fossil fuels and increasing stability in energy supply.

- Environmental Sustainability: The shift towards solar energy will help reduce greenhouse gas emissions, promoting cleaner air and a healthier environment for local communities.

- Community Engagement: The project can foster community involvement through educational programs about renewable energy and potential job opportunities, thereby increasing public support for sustainable initiatives.

- Investment Attraction: Successful execution of the solar projects may attract further investments in renewable energy and related sectors, positioning Terengganu as a hub for green technology.

- Technological Advancements: Partnering with Shizen Energy brings in Japanese expertise and advanced technologies in solar energy, which can enhance efficiency and effectiveness in project implementation.

- Long-term Cost Savings: Transitioning to solar energy can lead to long-term reductions in energy costs for consumers and businesses in Terengganu, providing more affordable energy options.

- Strengthened Bilateral Relations: The MoU may open avenues for further collaboration between Malaysia and Japan in various sectors, fostering stronger bilateral ties in renewable energy and beyond.

- Global Leadership in Renewable Energy: This partnership could position Malaysia as a leader in the ASEAN region's renewable energy landscape, showcasing its commitment to sustainable development and attracting international attention.