TNB Expands International RE Footprint with Singapore’s Sunseap Group
Tenaga Nasional Berhad (TNB) through its wholly-owned subsidiary, TNB Renewables Sdn. Bhd., has entered into a binding term sheet of collaboration with Singapore-based Sunseap Group to tap into the renewable energy (RE) and Corporate Power Purchase Agreement (PPA) market in Singapore.
The collaboration is an important milestone for the expansion of TNB’s international RE footprint into South East Asia. At present, TNB’s total RE portfolio consists of 2,732.3MW in Malaysia (including 2,536.1MW of large hydro) and 666MW across the UK, Turkey and India comprising mainly solar, wind and hydro energy generation assets.
“This will be TNB’s first foray into Singapore’s RE market and the Group will be well-positioned to tap into the attractive and rapidly growing Corporate PPA segment,” said TNB President and Chief Executive Officer, Datuk Ir. Baharin Din.
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