Malaysian Utility Firm Inks Deal for Offshore Floating Solar Plant Project

This recent signing of a Letter of Intent (LOI) between Dutch-Norwegian company SolarDuck and TNB Renewables Sdn Bhd (TRe) and TNB Research Sdn Bhd (TNBR), subsidiaries of Tenaga Nasional Berhad, and Hydro Extrusion Norway AS, a leading aluminium and energy company, marks the beginning of a partnership to advance floating solar energy solutions in Malaysia and Southeast Asia.

Under the terms of the LOI, SolarDuck will install a 780kW offshore floating solar (OFS) plant off the coast of Tioman Island in Malaysia as a research project to assess the technical and economic feasibility of OFS in Malaysia.

The Tioman Island installation is targeted to be completed by 2025 and could be the starting point of a renewable future for Malaysia, opening a large potential for OFS in the entire region, as OFS is set to become the most affordable marine energy technology by 2030.

“We are extremely pleased to start our work together with TRe, TNBR and Hydro. For SolarDuck this means that we are building a footprint in Malaysia, a country in a region with the world’s largest potential for OFS,” said Koen Burgers, CEO SolarDuck.

The signing of the LOI illustrates the commitment of all four companies to the OFS technology. To this cause, their expertise is leveraged, and synergies have been created that will enable the acceleration of the development and adoption of offshore floating solar energy in Malaysia and potentially the wider region.

This collaboration also represents a significant step towards a net zero future for Malaysia, as the country seeks to diversify its energy mix and create a renewable energy system.

“The main goal of TNB is to get to net zero while providing a reliable and cost-competitive energy supply without jeopardising the environment. Offshore floating solar provides an exciting opportunity for achieving this,” added Zarihi Hashim, Chief New Energy Officer, TNB.