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ETH单双博彩(www.eth108.vip):BayWa r.e. looks to intensify presence in RE market

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PETALING JAYA: BayWa r.e. Malaysia, a unit of Germany-based renewable energy giant BayWa r.e. AG, is eyeing more local residential, commercial and industrial sectors as it looks to deepen its presence amid the competitive renewable energy (RE) market.

Apart from this, the company intends to intensify its greenfield development of solar farms as one of its strategies to fuel its revenue growth since making its presence in the country in 2017.

Its managing director Niranpal Singh said despite the saturated solar renewable energy business, there is a huge demand on the whole for solar distribution in Malaysia.

In response to queries from StarBiz, he said the company plans to provide accessible RE to homeowners and commercial and industrial (C&I) corporations to help reduce their energy bills and encourage the public to explore carbon-free energy solutions.

“As such, we will be focusing on residential, commercial and industrial customers in short to mid-term and support larger developers in managing their supply chain. Since entering the domestic market, we have sold two solar farms to a local RE-focused independent power producer, reNIKOLA Sdn Bhd.

“Moving forward, we are looking at similar partnerships with solar companies that are looking for a trustable distributor. Our focus in Malaysia is to continue with the strategy of greenfield development for solar farms,” Niranpal noted.

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He expects its Sandakan solar farm project to be built and connected by the second half of the year. He reiterated that Malaysia is a key market for BayWa r.e, adding it has recently moved into a new office to accommodate more engineering, technical and development headcount.

Within the next three years, Niranpal foresees building a portfolio in excess of 150MW for the C&I portfolio and plans to offer virtual solar power purchase agreement’s (PPA) to its corporate customers from the larger solar park developments.

The company made its presence in the Malaysian market in 2017 after winning the first round of the large scale solar photovoltaic project as part of a consortium called SBU Power Sdn Bhd. The other members of the consortium comprises University of Malaysia Perlis and local renewable energy developer Sun Energy Ventures.

Commenting on the Energy Commission’s (EC) recent extension of the PPAs for the Large Scale Solar Mentari (LSS4) projects to 25 years, from 21 years previously, Niranpal said: “With the extension of the PPAs, solar players are now able to balance cost, quality and plant efficiency to tackle the rising costs of development and inflation.

“The positive support from the EC and government points to the country’s ambition in ensuring projects would get executed, built and that the energy mix component from solar increases as planned. “

With the extension of the PPAs, he said the company would need to scale up and be prepared to serve the needs of its potential clients for the longer term. In early August, the EC extended the solar PPAs for the LSS4 projects as soaring solar panel prices threaten the viability of the projects.

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