TNB Launches Vantage RE Ltd, Picks Up Pace On Global ESG Drive
Malaysia’s leading utility company, Tenaga Nasional Berhad (TNB) is picking up the pace on its global Environmental, Social and Governance (ESG) effort, with the launch of Vantage RE Ltd (Vantage), a Renewable Energy (RE) investment and asset management company. This newly established platform will own, operate and manage a portfolio of RE assets in the United Kingdom (UK) and throughout Europe.
Vantage is set to be a vital component of TNB’s purpose-driven journey, which is anchored on the ESG practices in the Malaysian national utility’s business. Moreover, the UK’s robust RE growth trajectory and supportive regulatory framework, coupled with the considerable experience gained in the country, have placed TNB in a unique position, to tap into more opportunities in the region. TNB has been investing in the UK’s solar and wind sectors since 2017. Over the last four years, TNB has successfully secured close to 400MW of RE investments in the country.
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