Tenaga on pace to realising RE goals

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Its recent acquisition of an offshore wind farm in the UK puts Tenaga Nasional another step closer to realising its renewable energy goals.

's recent acquisition of an offshore wind farm in the UK puts the group another step closer to realising its renewable energy goals.

"Although it is a small investment, we are positive with this move as the strategic partnership would set the pace for growing the group’s RE portfolio in the UK and Europe, with target to increase by 2,733MW by 2025. According to Kenanga, despite being a small venture with effective installed capacity of 49MW only when the floating offshore wind project is completed, the strategic partnership with EDFR sets the pace for Vantage RE to grow in the UK and Europe.

"To recap, Tenaga has set to achieve RE assets of 8,300MW by 2025 from 3,406MW currently, with RE making up 10% of group revenue from 5% currently.

 

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