New York, NY, April 05, 2018 --(PR.com
)-- Sabah Development Energy Sdn Bhd (SDE), a subsidiary of Sabah Petroleum International, and Symbior Solar (Symbior), a regional solar PV developer with a focus on frontier solar PV markets, are announcing the award of the largest solar PV project in Labuan and their joint venture to develop 50MW of high-efficiency solar PV projects in Malaysia.
Symbior is a leading solar PV developer with a focus on developing high-performance solar PV projects across Asia with 200MW currently under development in frontier solar PV markets. SDE and its group companies are playing a leading role in developing the oil and gas, energy and water infrastructure with a focus on Sabah, Malaysia and are owned by the Ministry of Finance, Sabah.
SDE’s and Symbior’s joint submission to the Energy Commission in Malaysia under the second round of the Large Scale Solar program last July was awarded the largest project in Labuan on November 28th, 2017. The Labuan project is one of only three large scale projects above 10MW in Sabah, Malaysia awarded to date. This first project for the SDE-Symbior consortium is planned to begin construction in late 2018 following the required steps for finalizing the power purchase agreement with the Sabah Electricity Sdn. Bhd. (SESB), the local utility, and other required permitting steps. Over the coming years, further projects in Sabah are under development for a project pipeline of 50MW.
“Sabah has the highest solar PV yield in Malaysia and has been the primary target for Symbior’s project development in in the country,” said Florian Bennhold, CEO of Symbior Solar. “SDE’s experienced team and focus on high-performance infrastructure as well as its local presence in Sabah align with our team’s solar PV experience making our joint venture an important contributor to the development of the solar PV industry in Sabah, Malaysia.”
Sabah’s average solar yield - substantially higher than most areas in Peninsula Malaysia - make it a most suitable location for solar PV projects. With a strong growth in demand for electricity and a significant portion of the electricity supply being based on diesel generation, solar PV power projects provide lower cost of generation for Sabahans at today’s prices. Symbior and SDE are focused on delivering high-performance solar PV plants for Labuan and Sabah building on the regional experience with Symbior’s proven high-yield solar PV plant in Thailand (see https://bit.ly/2wB98U7).
About Symbior Solar
Established in 2010, Symbior Solar has grown into a leading regional solar PV developer with a focus on frontier solar PV markets across Asia. Symbior offers solar power purchase agreements to commercial and industrial (C&I) clients for immediate electricity cost savings without any capital investment in Thailand, China, Philippines, Vietnam and Indonesia and has a pipeline of over 200MW of utility and C&I projects. Symbior Solar continues to expand its solar PV generation platform supporting the region’s drive towards environmentally and economically sound energy supply for a sustainable future. For more information about Symbior Solar, please visit www.symbiorsolar.com.
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