Malakoff to invest RM2.5bil on solar projects within Albukhary Group

Malakoff and MMC Group inks MoU paving the way for MMC Ports to tap into renewable energy.

Malakoff and MMC Ports will explore various green power initiatives with investments worth RM350 million.

Malakoff and MMC Ports, a member of MMC Group, inked a memorandum of understanding today to undertake business exploration in green power initiatives with investments worth RM350 million. Under the MoU, Malakoff will assume the role of a solar power producer and MMC Ports as corporate consumers, he said.

In line with the government’s aim to achieve a 70% RE capacity mix by 2050, Malakoff and MMC Ports are actively exploring opportunities to collaborate within the large-scale solar programme. To date, Malakoff has 67 MW of total solar installed capacity through LSS and rooftop solar, and a 84 MW of hydropower capacity progressing towards completion.

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