Malaysian RE Company reNIKOLA Holdings to Procure USD 438.4 Million for Solar Projects in Southeast Asia
The company’s target is to augment its renewable projects to 1 GWp for the subsequent three years.
July 26, 2023. By EI News Network
The company’s target is to augment its renewable projects to 1 GWp for the subsequent three years. Presently, reNIKOLA has 178 MWp plants in operation.
Besides solar, reNIKOLA is also interested in other forms of renewable energy like biogas and green hydrogen.
South and Southeast Asia nations are experiencing rapid growth in the adoption of renewable power because of power cuts caused by weak power grids and the increasing use of air conditioning.
According to the International Energy Agency, investment in clean energy is anticipated to surge spending on fossil fuels this year.
In conclusion, reNIKOLA Holdings is looking for crucial funding to assist its solar projects in Southeast Asia. The company targets to expand its renewable energy portfolio and contribute to minimising emissions in the region.
reNIKOLA is a solar developer catering clean and sustainable energy. The company is based in Kuala Lumpur, reNIKOLA owns and operates huge-scale solar power plants throughout Peninsular Malaysia.
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