Solar PV Power secures funding for 10MW project in Malaysia

The project is expected to start operations in the second quarter of 2023.

Jetama Energy and Symbior Solar’s joint venture, Solar PV Power (SPP), has reached a financial close for the 10-megawatt (MW) alternating current solar project in Labuan in Sabah, Malaysia worth $9.7m (MYR43m).

The fund was secured from AmBank Islamic Berhad, whilst Finergreen served as the sponsors’ financial advisor, they said in a statement.

The fund will be used for the power plant’s construction which commenced in 2022. The power plant, the largest in Labuan and one of the largest in Eastern Malaysia is expected to start operations in the second quarter of 2023.

Jetama and Symbior bagged the project following their joint submission in the second round of the Malaysian Large-Scale Solar Programme.

SPP entered a 21-year power purchase deal with Sabak Electricity in December 2021.

Follow the link for more news on

Malaysia Renewable Energy

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit