News Article

Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia


ib vogt announces successful financial closing and start of construction of Coara Marang Solar Project. The project of 116 Megawatts (MWp) has been developed, in consortium with its Malaysian project partner Coara Solar, under the third round of the Large Scale Solar (LSS3) scheme issued by Suruhanjaya Tenaga (Energy Commission of Malaysia) in 2019 as part of the government's efforts to increase the country's renewable energy mix from 2% to 20% by 2025.

In June 2020, the project signed a 21-year Power Purchase Agreement (PPA) with the country's largest electricity utility, Tenaga Nasional Berhad (TNB). It has now secured a senior debt facility from Malayan Banking Berhad (Maybank), one of the largest banks in Southeast Asia and a strong supporter of renewable energy projects.

The power plant located in Marang, Terengganu - in north-east of Peninsular Malaysia, comprising 245 hectares, will deploy high-class bifacial technology mounted on single-axis trackers, in order to achieve maximum energy production efficiency. Once operational in Q1, 2022, Coara Marang Solar Project will deliver circa 230 GWh of clean energy per year and avoid more than 170,000 tonnes of CO2 emissions per annum.

"We are pleased to announce this important milestone, which was made possible thanks to our experienced team and committed financing partner Maybank, as well as the support of local authorities. Malaysia is a market with huge potential for renewable energy and ib vogt is dedicated to support on meeting the country's renewable energy targets by delivering this important project as planned during these challenging times.", says Anton Milner, Managing Director of ib vogt GmbH.

Aquila European Renewables Income Fund Expands Portuguese Solar Portfolio
170MW Sonnedix Atacama Solar PV Plant Inaugurated By President Sebastián Piñera Of Chile
106 MW BayWa R.e. Solar Farm Now Supplying Green Energy To Northern Victoria
Accelerated Planning Of Solar Systems: IBC SOLAR’s Planning Tool PV Manager
Italian Solar Acquisition Focusses On Local Biodiversity And Agricultural Benefits
IIT Delhi Selects Samco Multi-Chamber CVD System
Sonnedix Closes EUR 172M Financing For 55MW Sonnedix Hitachi Juo In Japan
Solar Thermal Software Expanded In New Version T*SOL 2021
First Solar Series 6 CuRe Has Industry’s Lowest Warranted Degradation Rate
BayWa R.e. Expands Agri-PV Pilot Setup And Completes First Fruitvoltaic Solar Farm
AEROCOMPACT Presents Piling Systems For Medium-sized Solar Parks Onto The Market
Solliance Partners Make 28.7 Percent Efficient Tandem PVs
Q CELLS Supplies 287 MW Of Modules For Large-scale Solar Project In Angola
Schletter Mounting Systems For EnBW’s 300 MWp Project East Of Berlin
World-leading Circular Solution For Charging Of Vehicles Inaugurated
Power Roll,Thermax Global Target Market For Solar Film In India
Fujitsu, AutoGrid To Boost Renewable Energy Use In Japan
IIT Delhi Chooses Samco System For Solar Cells
IBC SOLAR And Enphase Energy Enter Into Distribution Partnership For Microinverters And Storage Systems
Midsummer Increases Solar Panel Orders By 550 Percent
IEA Predicts Record Year For Renewables In 2021
40 MW Energy Storage Project Highlights Wärtsilä’s Technical Capabilities
Exus Annouces Development Of 85MW Wind And Solar Hybrid Project In Portugal
SSE Renewables Chooses SEANEX Connection System For Seagreen Offshore Wind Farm Project

Search the news archive

To close this popup you can press escape or click the close icon.
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.

Please subscribe me to:


You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
{taasPodcastNotification} Array
Live Event