Leader Energy Partners with Solarvest to Explore Regional Opportunities. Both Companies to Jointly Expand and Develop Sustainability-Related Prospects Within Southeast Asia
Leader Energy Holding Berhad (“Leader Energy”) today announced that it has entered into a Memorandum of Understanding (“MOU”) with Solarvest Holdings Berhad (“Solarvest”) to explore and develop sustainability-related prospects within the Southeast Asia (“SEA”) region. Leader Energy together with its subsidiaries and jointly controlled entities is an independent power producer principally involved in the development, ownership, operations and maintenance of power assets and projects.
Under the MOU, the collaboration will primarily focus on the exploration and development of renewable energy, including solar energy, battery energy storage systems, Energy-as-a-Service, as well as other sustainable energy applications. The partnership aims to leverage on the expertise of both parties to deliver innovative solutions within the SEA region and ultimately contribute to the achievement of net zero emissions goal.
Leader Energy’s Executive Deputy Chairman, Dato’ Sean H’ng Chun Hsiang said, “We are grateful to explore the opportunity to collaborate with Solarvest. Considering the ongoing decarbonisation efforts in the SEA region, where numerous countries have set ambitious net-zero targets, this potential collaboration enables us to bolster our footprint in the region. It will position us well to capture untapped opportunities with new green technologies within the region and maximise our contribution towards our net-zero emissions goal. With the collective efforts of both parties, we are optimistic of achieving a fruitful outcome from this collaboration.”
Solarvest’s Executive Director and Group Chief Executive Officer, Mr. Davis Chong Chun Shiong, said the collaboration is the latest step in the company’s efforts to be a leading clean energy leader in the region. “Southeast Asia is arguably the most exciting region in the world now, with a relatively young, newly affluent, and increasingly eco-conscious consumer population. We are excited to be working with Leader Energy to deliver new and exciting energy solutions to a much broader group of consumers. Indeed, this collaboration is very well aligned with Solarvest’s own 5-Year Strategic Roadmap, aimed at positioning the company as an expert on clean, regenerative energy.”