Shizen International, Terengganu Inc. to develop solar projects in Malaysia
This will boost green technology initiatives within the state.
Shizen Energy Group’s Shizen International Inc. has signed a memorandum of understanding with Terengganu Incorporated Sdn Bhd. to explore the potential development of ground-mounted solar power projects in the Malaysian state.
In a statement, Hiroki Koga, representative director of Shizen International, said the company aims to increase renewable energy capacity, support local development, and contribute to environmental sustainability.
“By working together, we aim to enhance local socio-economic development and contribute to Terengganu Inc.'s ESG [environmental, social, and governance] target of achieving a 35% renewable energy capacity mix by 2025,” he added.
Burhanuddin Hilmi Mohamed, president and group CEO of Terengganu Inc., also said the recently signed agreement will pave the way for exploring new solar energy projects, boosting state revenue, and fostering green technology partnerships.
The signing took place on 6 August at Wisma Darul Iman, the state secretariat building of Terengganu, Malaysia.