KUALA LUMPUR (Nov 12): Alliance Bank Malaysia Bhd (KL:ABMB) has partnered with local solar energy firm AQ Energy (Max Bell Sdn Bhd) to develop solar and battery solutions for small and medium enterprises (SMEs).
A memorandum of understanding was inked for the partnership with the aim to drive adoption of solar and battery energy storage systems (BESS), according to a joint statement on Wednesday.
The partnership targets the joint development, implementation, and financing of integrated solar and BESS projects with a cumulative capacity of up to 30MW and a total project value of up to RM100 million.
From left: Malaysian Green Technology and Climate Change Corporation (MGTC) board member Ismail Mohd Amin, AQ Energy CEO Hatim Salleh, Alliance Bank chief sustainability officer Roy Heong, and MGTC board member Datuk Leong Kin Mun.
KUALA LUMPUR (Nov 12): Alliance Bank Malaysia Bhd (KL:ABMB) has partnered with local solar energy firm AQ Energy (Max Bell Sdn Bhd) to develop solar and battery solutions for small and medium enterprises (SMEs).
A memorandum of understanding was inked for the partnership with the aim to drive adoption of solar and battery energy storage systems (BESS), according to a joint statement on Wednesday.
The partnership targets the joint development, implementation, and financing of integrated solar and BESS projects with a cumulative capacity of up to 30MW and a total project value of up to RM100 million.
“The partnership presents a strong synergy as AQ brings its technical expertise in delivering solar and battery solutions, while Alliance Bank supports the financing needs of businesses keen to embrace cleaner, more efficient energy systems.
“Together, both parties aim to accelerate the transition towards sustainable energy solutions in Malaysia,” the pair said.
The partnership also includes joint initiatives such as project identification, ESG-aligned advisory, and capacity-building efforts to promote greater awareness and adoption of renewable energy solutions, they added.
At the time of writing, shares in Alliance Bank were down three sen or 0.68% at RM4.41, valuing the lender at RM7.68 billion.
Source: The Edge
