UEM Lestra secures agreements for 1GW hybrid solar project in Malaysia
UEM Lestra, a subsidiary of the UEM Group, has finalized agreements with off-takers for its 1GW hybrid solar power plant project under Malaysia’s Corporate Renewable Energy Supply Scheme (CRESS). The project, located in Segamat, Johor, is part of the National Energy Transition Roadmap (NETR). The initial phase of the 1700-acre project will involve an investment of RM2.5 billion ($556.3 million) and a solar capacity of 750 megawatts peak, supported by a battery energy storage system…