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IOI and TNB sign JV for 500 MW solar plant in Malaysia

Original: IOI and TNB sign JV for 500 MW solar plant with BESS in Malaysia

Malaysian palm oil group IOI and utility Tenaga Nasional Berhave signed a joint venture to develop a 500 MW solar power plant paired with a battery energy storage system (BESS) in Malaysia. The deal pairs a major agribusiness with the national utility to expand large-scale renewable energy capacity and grid storage in the country, reflecting growing corporate investment in solar power across Southeast Asia.

Why now: Large renewable energy deals with battery storage are a hot topic as Malaysia pushes to grow its solar capacity

IOITenaga Nasional BerhadMalaysia

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