RIYADH: Abu Dhabi’s renewable energy firm Masdar has signed its first partnership in Malaysia, setting the stage for the largest floating solar project in Southeast Asia.
Masdar, together with Malaysian partners Citaglobal and Tiza Global, has signed a power purchase agreement with national utility Tenaga Nasional Berhad to develop a pioneering 200-megawatt floating photovoltaic plant at the Chereh Dam in Pahang state, the Emirates News Agency reported.
Spanning approximately 950 acres of reservoir surface, the Chereh Dam plant will boast a generation capacity exceeding 300MW-peak, delivering clean electricity equivalent to the needs of more than 100,000 homes.
With an estimated project value exceeding $208 million, the venture represents a significant step toward Malaysia’s goal of deriving 35 percent of its national energy mix from renewables by 2030.
Mohamed Jameel Al-Ramahi, CEO of Masdar, said: “This is a milestone project, our largest floating solar development globally and our inaugural project in Malaysia, reaffirms Masdar’s expertise in floating solar and our position as a trusted partner across the region.”
