KUALA LUMPUR: MK Land Holdings Bhd, through its renewable energy subsidiary, Citra Energies Sdn Bhd, has achieved financial close for the development of a 29.99 megawatt alternating current solar photovoltaic (PV) plant in Kulim, Kedah.
In a statement today, the property development company said the project brought together a strong ecosystem of strategic global and local collaborators, including backing from a prominent international financial institution with expertise in sustainable finance and investments.
It said the project also involves offtake arrangements with multinational corporations expanding their presence in the region, while the engineering, procurement, construction and commissioning (EPCC) services are undertaken by a leading local renewable energy and clean energy solutions provider.
MK Land chief operating officer – group resources and director of Citra Energies Frankie Chai said that achieving financial close for the Citra Energies project is a defining step in our renewable energy journey.
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