Petronas eyes growth in local RE business

September 13, 2020

I’m pretty sure there is a sales tax on that.

Dateline 2020-07-21, The Malaysian Reserve:

PETROLIAM Nasional Bhd’s (Petronas) new energy business unit foresees growth in the local renewable energy (RE) market through NE Suria Satu Sdn Bhd (NESS), a joint-venture company between Petronas and NEFIN Group.

With Tesco Stores (Malaysia) Sdn Bhd as its first commercial customer, NESS will be providing a solar rooftop solution covering design, installation, operation and maintenance of solar photovoltaic (PV) panels for selected Tesco stores nationwide.

The provision of the solar rooftop solution is now ongoing until 2040, after the signing of a 20-year power purchase agreement (PPA) between NESS and Tesco, the largest commercial solar PPA of its kind in Malaysia.