Catalysing Malaysia’s Energy Transition (ET): TNB’S UK Venture Unveils Valuable Insights
Tenaga Nasional Berhad’s (TNB) foray into the renewable energy business in Europe through its wholly-owned subsidiary in the UK, Vantage RE Ltd will provide Malaysia with invaluable insights to accelerate the country’s responsible Energy Transition (ET), said the Minister of Natural Resources, Environment and Climate Change (NRECC), Nik Nazmi Nik Ahmad.
It is essential for Malaysia to successfully navigate this energy transition, whilst balancing issues such as energy security, affordability, and environmental sustainability. In doing so, Malaysia will be able to remain economically resilient while at the same time, leveraging on the economic opportunities of sustainable growth. The transition will also benefit the country through technology transfer and enhancement of human capital competencies.
Nik Nazmi who was in London recently for a working visit to Vantage RE, commended TNB for its remarkable achievement in leading Malaysia’s ET, reducing its carbon footprint, and embracing renewable energy both in Malaysia and overseas. For TNB’s UK RE business, he said the knowledge and expertise to be tapped are invaluable for TNB and Malaysia.
The London-headquartered Vantage RE was established in 2021 to own, operate, develop, and manage a portfolio of RE assets in the UK and Europe as part of TNB’s global environmental, social, and governance (ESG) efforts. It presently has more than 630 Megawatt (MW) of renewable energy assets consisting of solar, onshore, and offshore wind projects across the UK.
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