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Saturday, May 25, 2024

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Tenaga National’s SPV secures up to RM185 million (US$39.31 million) Islamic financing facility for large- scale Solar Mentari project 

MALAYSIA: Tenaga National (TNB) has secured a financing facility of up to RM185 million (US$39.31 million) from CIMB Islamic Bank through its SPV TNB Bukit Selambau Solar Dua to finance its large-scale Solar Mentari project in Bukit Selambau in the state of Kedah, a statement confirmed. 

Under the government’s Large Scale Solar@Mentari or Large Scale Solar 4 program, the project has a capacity of 50 MWac and is expected to achieve commercial operations in December 2023.

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