Tenaga Nasional Bhd (TNB) announced plans to invest up to RM5 billion over the next five years to accelerate its renewable energy (RE) capacity expansion, targeting 8.3 GW by 2030. This strategic move aims to support Malaysia's net-zero emissions goals and position TNB as a leading RE player in the region.
Tenaga Nasional Bhd (TNB) on Friday announced an ambitious plan to commit up to RM5 billion over the next five years to significantly expand its renewable energy (RE) generation capacity. The utility giant aims to boost its total RE installed capacity to 8.3 gigawatts (GW) by 2030, encompassing solar, hydro, and wind power projects. This substantial investment is designed to support Malaysia's commitment to achieving net-zero emissions by 2050 and solidify TNB's position as a leading RE producer in the region. TNB's CEO stated that the company will actively pursue both domestic and international partnerships to accelerate its green energy transition. This announcement is expected to boost investor confidence in TNB and potentially attract more capital from environmentally, socially, and governance (ESG) focused funds.
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