Cyberview Sdn Bhd has inked a deal with a consortium led by Worldwide Holdings Bhd to explore opportunities in promoting new and renewable energy in Malaysia.
The company has already signed a memorandum of understanding with the consortium. The team plans to explore the feasibility of the project.
Issuing a statement, Cyberview Malaysia acting managing director Hafiz Ibrahim said the “collaboration will explore the development of a floating solar power plant in Cyberjaya that can benefit from both parties’ combined expertises.”
In recent years, floating solar plants have become more efficient than traditional ground-mounted solar plants.
“Furthermore, it could reduce wind speed and solar radiation by 10% across the entire lake, which offsets an entire decade of warming from climate change,” he was further quoted.
In addition, Hafiz said that the project addresses the concerns expressed by the natural resources, environment and climate change ministry and leads to opportunities for more renewable energy projects.
“For Cyberview, the floating solar power plant is in line with our recently launched environmental, social and governance framework and five-year plan, which includes the development of a low-carbon smart city as a key pillar,” he was further quoted in a statement.