KUALA LUMPUR: Leader Energy Holding Bhd (LEH) has signed a memorandum of understanding (MoU) with Solarvest Holdings Bhd (SHB) to explore and develop sustainability-related prospects within the Southeast Asia (SEA) region.
Under the MoU, the collaboration will primarily focus on exploring and developing renewable energy, including solar energy, battery energy storage systems, energy-as-a-service, and other sustainable energy applications.
The partnership aims to leverage the expertise of both parties to deliver innovative solutions within the SEA region and ultimately contribute to achieving the net-zero emissions goal.
LEH executive deputy chairman Datuk Sean H'ng Chun Hsiang said that considering the ongoing decarbonisation efforts in the SEA region, where numerous countries have set ambitious net-zero targets, this potential collaboration enables the company to bolster its regional footprint.
"It will position us well to capture untapped opportunities with new green technologies within the region and maximise our contribution towards our net-zero emissions goal.
"With the collective efforts of both parties, we are optimistic of achieving a fruitful outcome from this collaboration," he said in a statement.
LEH, together with its subsidiaries and jointly controlled entities, is an independent power producer principally involved in developing, operating, and maintaining power assets and projects.
SHB executive director and group chief executive officer Davis Chong Chun Shiong said the collaboration is the latest step in the company's efforts to be a leading clean energy leader in the region.
"SEA is arguably the most exciting region in the world now, with a relatively young, newly affluent, and increasingly eco-conscious consumer population.
"We are excited to work with LEH to deliver new and exciting energy solutions to a much broader group of consumers.
"Indeed, this collaboration is very well aligned with SHB's own 5-Year Strategic Roadmap, aimed at positioning the company as an expert on clean, regenerative energy," he said.