Reservoir Link Energy Bhd, an energy related services provider, announced that its subsidiary RL Sunseap Energy Sdn Bhd (“RL Sunseap Energy”), with collaboration between Reservoir Link and Sunseap Energy (Malaysia) Sdn Bhd (“Sunseap”), has just secured a letter of award from Osram Opto Semiconductors (Malaysia) Sdn Bhd to develop solar rooftops as well as Building Integrated Photovoltaics (“BIPV”) power generation facilities on rooftops, existing covered carparks and BIPV carparks located in Kulim, Kedah with a combined installed capacity of 7,708.6 kWp and export capacity of 6,285 kWac. This solar agreement is expected to have a tenure of 25 years. RL Sunseap Energy has also been contracted to perform the operations and maintenance of the solar photovoltaic ("PV”) system through the contracted tenure.
In addition, RL Sunseap Energy has also signed a rooftop solar supply agreement with PE Land (Penang) Sdn Bhd on 25 May 2022. Under the agreement, RL Sunseap Energy will design, construct, install, own, operate, and maintain a solar PV energy generating system with a DC capacity of 1971.2 kWp on the rooftop of Design Village Outlet Mall located in Pulau Pinang.
To date, Reservoir Link has successfully secured 4 contracts to provide rooftop solar PV systems totalling 10 Megawatts.
Reservoir Link Executive Director Thien Chiet Chai said, “Following our maiden voyage with RL Sunseap Energy, we are elated with the announcement of 2 contract wins in just under a month since the inception of the joint venture. We see our recent wins as a testament of the strong synergy formed with RL Sunseap Energy which only reinforced our position as a formidable solar renewable energy farm contractor and owner. This is only the beginning of our journey with Sunseap. We believe we are well positioned to provide more clean energy solutions to consumers in Malaysia which is also in line with the national agenda.”
“To date, Reservoir Link has managed to secure 4 solar power purchase agreements which in turn translate to an estimated recurring revenue of more than RM80 million which will be recognised over the course of the tenures,” he added.
A spokesperson from Sunseap said, “We are delighted that RL Sunseap Energy has secured two major rooftop solar contracts in less than a month. Malaysia remains an important market for Sunseap, and we are encouraged by the growing support for using renewable energy in homes and businesses across the country. We will continue to work with our partner Reservoir Link to elevate the use of solar-generated power in Malaysia.