SD Guthrie and Gamuda Energy have announced a strategic partnership to develop, own, and operate a significant portfolio of solar power assets, including energy storage systems, with a combined target capacity of 1.2 gigawatt (GW) in Malaysia.
Guthrie’s extensive land bank across Malaysia and Gamuda’s expertise in renewable energy projects form the foundation of this partnership.
The collaboration aims to meet the increasing demand for renewable energy from industrial and data centre sectors, aligning with Malaysia’s sustainability goals.
The synergy between Guthrie’s strategic land assets and Gamuda’s technical prowess in renewable energy is set to fast-track the supply of scalable renewable energy.
Guthrie Group managing director Datuk Mohamad Helmy Othman Basha said: “Renewable Energy is one of two new business verticals that we have identified as a growing pillar of Guthrie’s future. It is critical, both as a new and sustainable revenue stream and for our net-zero target. At a national scale, it will help to advance Malaysia’s efforts to decarbonise its electricity sector.
“With Gamuda, we are continuing our strategy of partnering with established and experienced players to provide a strategic pathway for Guthrie to accelerate our expansion into these new verticals.”
Guthrie is set to commence operations of its first 15 megawatt (MW) Corporate Green Power Programme (CGPP) solar plant in Bukit Selarong, Kedah, by the fourth quarter of 2025.
Mohamad Helmy highlighted the partnership’s potential to “create value by meeting renewable energy demand from both public and private sector users under frameworks such as the Corporate Renewable Energy Supply Scheme (CRESS).”
The solar assets are expected to enhance the long-term value of Guthrie’s land portfolio.
In the initial phase, the partners will focus on identifying Guthrie’s underutilised land assets nationwide to evaluate their suitability for solar power development. Further details and updates on the collaboration will be announced in due course.
“SD Guthrie and Gamuda Energy to develop 1.2GW of solar power assets in Malaysia” was originally created and published by Power Technology, a GlobalData owned brand.
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