CRE International, InvestSarawak to explore renewable energy projects

KUCHING (Oct 12): CRE International Co Limited and InvestSarawak have signed a Memorandum of Understanding (MoU) to jointly explore opportunities for solar and other renewable energy projects in Sarawak, with an estimated capacity of two gigawatts (GW).

The signing ceremony was held yesterday at the Ministry of International Trade, Industry and Investment, witnessed by its minister and Deputy Premier Datuk Amar Awang Tengah Ali Hasan.

According to a statement, the partnership between CRE International and InvestSarawak focuses on identifying opportunities for solar, wind and energy storage projects.

These projects, with a total potential investment of US$1.5 billion (RM6.44 billion), will boost Sarawak’s renewable energy sector, further advancing the region’s clean energy initiatives.

As part of the MoU, both parties will collaborate to identify suitable locations for renewable energy projects, define commercial and financial mechanisms for collaboration and liaise with local authorities to ensure successful project implementation.

The partnership is expected to enhance Sarawak’s renewable energy infrastructure, significantly contributing to economic growth and sustainability.

This signifies a major step forward for Sarawak in becoming a sustainable energy hub.

During the signing ceremony, Awang Tengah emphasised on the international partnership with companies like CRE International in accelerating Sarawak’s energy transition.

“This collaboration is a pivotal moment in Sarawak’s journey to becoming a leading renewable energy player in the region.

“We are committed to ensuring Sarawak’s potential is fully realised, and partnerships like this will drive us forward,” he said in his speech.

CRE International general manager Wang Qi expressed optimism in exploring Sarawak’s energy landscape.

“Sarawak’s rich natural resources and commitment to sustainability align perfectly with our mission to deliver innovative renewable energy solutions.

“We are excited to bring our expertise to Sarawak and contribute to its clean energy future,” he said.

InvestSarawak CEO Timothy Ong said the MoU reflects Sarawak’s commitment to positioning the region as a premier investment destination in the renewable energy sector.

“By working closely with industry leaders like CRE International, we aim to bring about transformative change that will benefit both the environment and the economy,” he said.

This partnership is part of Sarawak’s broader strategy to meet net-zero carbon targets and contribute to the region’s long-term energy goals.

The MoU will also act as a framework for further discussions, with detailed agreements to be established for specific projects.