EDF Renewables UK said on Wednesday that it sold a 49% stake in its Blyth offshore windfarm in Northeast England to Malaysian utility Tenaga Nasional Berhad (TNB). TNB, which is the largest electricity utility in Malaysia, will own the stake via its wholly owned subsidiary Vantage RE Ltd (Vantage RE). EDF Renewables UK will remain […]
TNB, DHL partnership marks significant milestone in EV introduction into businesses – EQ Mag Pro
Sustainability has become a new non-financial metric for investors to assess a company’s risk and today, most companies globally have embarked on the journey to shift their operation to adopt better greener alternatives. Realising the importance of promoting and advocating green technologies into businesses, Tenaga Nasional Bhd (TNB) and DHL Express Malaysia (DHL) have entered […]
TNB, Sharp Ventures Ink 50-MW Solar PPA in Malaysia – EQ Mag Pro
Malaysian utility Tenaga Nasional Berhad (KLSE:TENAGA), or TNB, has signed a power purchase agreement (PPA) for a 50-MW solar park to be built by Sharp Ventures Solar Sdn Bhd in Malaysia. The contract has a term of 21 years, TNB said in a bourse filing on Monday. It will come into effect after the photovoltaic […]
Ambank the first to install solar PV under SARE scheme
Ambank Group becomes the the first financial institution in Malaysia to install the solar photovoltaic (PV) panels on one of its building at Damansara Fairway 3 (DF3) under the Supply Agreement of Renewal Energy (SARE) scheme. AmBank and Tenaga Nasional Berhad (TNB) through its wholly own subsidiary company GSPARX Sdn Bhd (GSPARX) have concluded a […]
Solar-energy provider Sunseap Group pulls in Series E funding from Dutco
This equity investment from Dutco follows a recent announcement of a planned acquisition of a 39-per-cent stake in Sunseap’s five solar projects in Vietnam by TNB Renewables Sdn Bhd, a wholly owned subsidiary of Malaysia’s national electricity company Tenaga Nasional Berhad. The fresh funds will be channelled towards Sunseap’s future solar projects in Singapore and […]
Vortex Energy sells controlling stake in 365MW UK Solar Portfolio to TNB
Transaction further solidifies Vortex Energy’s track-record in creating value for its investors Vortex Energy, a global renewable energy platform managed by Beaufort Investments, has completed the sale of its controlling and managing stake in Vortex Solar (Vortex III), a 365MW solar PV portfolio. The stake was sold to TNB International, a wholly owned subsidiary of […]
TNB’s 50MW Solar Project In Sepang Marks One Year In Operation
KUALA LUMPUR : Tenaga Nasional Bhd’s (TNB) 50 megawatt (MW) large scale solar (LSS) project in Sepang went through an encouraging first year of operation, generating more than 110,000 megawatt hour (MWh) of energy and maintaining a near-perfect plant’s availability of 99 per cent. Quoting TNB in a statement today, Bernama said, for the first […]
TNB, MGTC to install 100 electric vehicle charging stations by year-end
KUALA LUMPUR: Tenaga Nasional Bhd (TNB), through its wholly-owned subsidiary TNB Energy Services Sdn Bhd (TNBES), and partner Malaysia Green Technology Corporation (MGTC) plan to install up to 100 charging stations for electric cars with an investment value of RM1.5 million by year-end. TNBES managing director Dr Ahmad Jaafar Abd Hamid said to date, 14 […]