TNB Ventures into Solar Greenfield Development in the UK

21/12/2022

Tenaga Nasional Berhad (TNB) is pleased to announce that it has on 14 December 2022, via its wholly owned subsidiary, Vantage RE Ltd. (Vantage RE), signed an Engineering, Procurement & Construction (EPC) contract with BELECTRIC GmbH (BELECTRIC) for the construction and commissioning of 102MW solar farms in the United Kingdom (UK). The project also includes an option to develop 65MW co-located Battery Energy Storage Systems (BESS), which upon development may enhance TNB’s revenue streams through participation in ancillary services and the capacity market. This investment represents a significant milestone for TNB as it broadens into renewable energy (RE) greenfield development in the UK.

The solar farms are expected to achieve Commercial Operation Date (COD) by Q1 2024. To be built on two sites, the farm will provide stable long-term revenues under a 15-year Contract-forDifference (CfD) subsidy scheme that was awarded in July 2022. The project delivery will be overseen by the Vantage RE team and once operational, it will generate enough clean energy to meet the equivalent annual needs of over 37,000 homes and save over 46,750 tonnes of CO2 compared to fossil fuel generation. Both sites also offer opportunities for environmental initiatives to promote biodiversity net gains, supporting TNB’s wider biodiversity agenda.

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