Key Takeaways
- Blueleaf Energy and Chemsain Sustainability are collaborating to develop up to 3GW of renewable energy in Sarawak, Malaysia.
- The partnership combines Blueleaf’s international project experience with Chemsain’s local expertise to enhance Malaysia’s energy transition.
- Focus will be on onshore projects using solar PV and energy storage systems, with an emphasis on local economic growth and job creation.
Partnership for Renewable Energy Development
Blueleaf Energy, owned by Macquarie Asset Management, has partnered with Malaysian sustainability adviser Chemsain Sustainability to explore the development of up to 3GW of onshore utility-scale renewable energy projects in Sarawak. This strategic alliance, formalized through a memorandum of understanding, aims to leverage Blueleaf’s global experience in financing and large-scale project execution while utilizing Chemsain’s extensive local knowledge to create sustainable energy solutions.
Raghuram Natarajan, CEO of Blueleaf Energy, emphasized that the partnership highlights Chemsain’s commitment to advancing sustainable development in Sarawak. He expressed optimism about collaborating with organizations that align with federal and state energy goals, stating, “Our focus is to help de-risk development and enable large-scale clean energy investments that deliver lasting value.”
The collaboration will also consider opportunities to foster local industrial ecosystem development, reinforcing both companies’ dedication to driving long-term economic growth and job creation in the region. Amiram Roth-Deblon, COO of Blueleaf Energy, noted that their initiatives will focus on onshore projects employing proven technologies like solar photovoltaic (PV) and battery energy storage systems (BESS). The partners aim to explore project opportunities over a two-year period to position Sarawak as a leader in clean energy production and sustainable practices.
John Chan, executive chairman of Chemsain Sustainability, remarked on the dynamic nature of the Sarawak market, underscoring the importance of such partnerships in mitigating risks in their development plans. He stressed the need for projects to be well-integrated within the local community to ensure a positive impact that transcends mere power generation.
This partnership marks a significant step in Malaysia’s journey towards sustainability and renewable energy leadership, aligning both partners’ visions toward a greener future.
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