Reservoir Link Energy Bhd’s subsidiary, Reservoir Link Renewable Sdn Bhd, has signed a shareholders’ agreement with Sunseap Energy (Malaysia) Sdn Bhd (EDPR Sunseap) and RL Sunseap Energy Sdn Bhd to undertake a solar power purchase agreement (PPA) project in Malaysia.
This agreement follows Reservoir Link’s joint venture for solar-related projects with EDPR Sunseap back in April 2022.
The primary objective of this joint venture is to carry out business in developing, building, owning, and operating rooftop and ground mounted solar PPAs in Malaysia.
Both parties will leverage their respective areas of expertise to provide technical assistance related to the subsequent design, engineering, procurement, construction, operations, and maintenance of the projects.
Reservoir Link executive director Thien Chiet Chai said that given the strong market sentiment towards renewables, the collaboration with EDPR Sunseap has proven advantageous and has since elevated its competitive status in the solar industry.
Thien said the company would look upon this partnership in a favourable light as it progressively grows together with EDPR Sunseap.
“The partnership will steer us towards a common goal of becoming one of the prominent players in solar space,” he said.
Meanwhile, EDPR Sunseap’s spokesperson said this agreement strengthens the partnership and cooperation between EDPR Sunseap and Reservoir Link as the company looks to undertake more solar power projects in Malaysia.
“About 40 percent of Malaysia’s energy supply is expected to be renewable by 2035, and we hope to play a bigger role in the country’s transition to clean energy,” the spokesperson said.
