BayWa r.e. has announced the successful sale of two solar farms in Malaysia to a local renewable energy-focused independent power producer, reNIKOLA Sdn Bhd.
The sale of the solar installations at Arau and Gebeng was conducted in two stages and finalised in December 2020.
The 5.2MWp development at Arau was BayWa r.e.’s first foray into the utility scale market in Malaysia and is located on the university campus at Perlis.
The project marked a significant milestone for BayWa r.e., as it was not only won in Malaysia’s first ever solar auction, but it was one of the first to start generating renewable energy for the country when commissioned in March 2018.
The second project sold, is the 39MWp Gebeng solar park. Completed at the end of 2019, it was won in the Government’s second solar auction. Delivered in only 17 months it was the first solar park to generate power in the LSS2 auction.
“We are an established player in the wider APAC region and are keen to support investment companies like reNIKOLA in their drive to build home-grown renewables portfolios,” said BayWa r.e. Director of Projects, APAC, Daniel Gaefke.
“These two sites were delivered through the combination of our global expertise and our local knowledge. Today they generate enough electricity to power 13,000 homes and are already contributing to the Malaysian government’s goal of producing 24% of its energy needs from renewable sources by 2050.”
Commented Boumhidi Abdelali, Director from reNIKOLA: “We are committed to further develop our renewable assets and relationship with BayWa r.e.. We endeavor to be the best in class in our industry and with our joint collaboration with BayWa r.e., we are confident of our joint success.”
Added Daniel: “With our proven global expertise in the design, development, construction and management of solar generation projects, we are well-placed to continue to support both Malaysia and the region as they seek to reduce their reliance on traditional forms of generation and look to a renewable future.”