UEM Lestra’s 1GW hybrid solar initiative paves the way for energy transition

Free Malaysia Today

The Energy Commission says the project is financially viable thanks to strong demand from corporate offtakers as well as UEM’s innovative strategies and ability to secure funding.   Read More:  https://www.freemalaysiatoday.com/category/highlight/2025/01/20/uem-lestras-one-gigawatt-hybrid-solar-plant-paves-way-for-energy-transition/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------  Check us out at https://www.freemalaysiatoday.com  Follow FMT on Facebook: https://bit.ly/49JJoo5  Follow FMT on Dailymotion: https://bit.ly/2WGITHM  Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h  Follow FMT on TikTok : https://bit.ly/3uKuQFp  Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX  Follow FMT LinkedIn - https://bit.ly/42YytEb  Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj  Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------  Download FMT News App:  Google Play – http://bit.ly/2YSuV46  App Store – https://apple.co/2HNH7gZ  Huawei AppGallery - https://bit.ly/2D2OpNP   #FMTNews #AbdulRazibDawood #CRESS #UEMLestra

Transcript

00:00UEM Lestra Berhad's 1GW hybrid solar power project under Malaysia's Corporate Renewable

00:07Energy Supply Scheme is paving the way for the nation's renewable energy future.

00:13Energy Commission CEO Abdul Razif Daud called the project a promising step toward achieving

00:18Malaysia's 2050 net-zero emissions target, emphasising UEM Lestra's role as a first

00:24mover under the CREST framework.

00:26We're confident this project is bankable with the demand from the objector on green

00:32energy and the creativity and innovative way from the developer, as well as the access

00:42to the capital.

00:44When we have the first successful project, it will encourage other participants to study

00:51and to see how this project will be implemented, will be completed on time and so on.

01:00On January 17th, UEM Lestra, a wholly-owned subsidiary and the green energy arm of UEM

01:06Group Berhad, announced it had secured offtakers, including Hong Kong-based ESR Group, for the

01:12first phase of its RM2.5 billion hybrid solar power project in Segama, Johor.

01:17The project spans 1,700 acres and features a 500-megawatt alternating current interconnection

01:24point.

01:25It will also feature an estimated 750-megawatt peak of solar capacity and a battery energy

01:31storage system capable of generating over 1,000 gigawatt-hours of green energy annually.

01:38The Energy Transition and Water Transformation Ministry hailed the agreement as a milestone

01:42for the CREST framework, showcasing Malaysia's ability to attract foreign direct investment

01:47while driving economic growth.

01:49Razip stressed that the battery storage integrated into UEM Lestra's solar project addresses

01:55challenges like intermittency and grid stability by ensuring firmer energy output.

02:01So that will help the system as a whole when you have a firm output, less intermittence,

02:11less risk of causing instability to the whole grid, the whole power grid, national power grid.

02:23So I'm sure the economic is right, and the policy is right, and the technical also right.

02:33Those are the ingredients that will move us together toward greenhouse gas net zero 2050.

02:40Natasha Bius, FMT News.

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