New partnership to conduct feasibility studies on floating solar projects in Malaysia

Shizen International, a subsidiary of the Shizen Energy Group, has inked a memorandum of understanding (MoU) with Majuperak Holdings Berhad (MHB), a state government-linked company (GLC) to evaluate bodies of water suitable for floating solar projects in Perak, Malaysia.

Signed on April 25, 2024, in Fukuoka City, Japan, this MoU also encompasses two companies developing ground-mounted solar power projects together in Perak, as well as conducting feasibility studies on floating solar projects, and considerations for co-funding the projects.

“This collaboration will benefit both parties and boost the state’s local socio-economic development while supporting its 2030 target and low-carbon energy initiatives. We are committed to leveraging Fukuoka and Ipoh’s longstanding friendship and hope for both cities’ better, sustainable future,” said Rei Ushikubo, CEO of Shizen International.

“Our focus is on developing renewable energy projects and fostering a sustainable environment for future generations. This collaboration aligns with our purpose of taking action for the blue planet.”

The MoU was officially signed by Syed Agil Syed Hashim, the Chief Executive Officer of MHB, and Rei Ushikubo, the Chief Executive Officer of Shizen International. 

“We see Shizen as an ideal partner due to their expertise and proven track record. This collaboration promises the advancement of renewable energy and positive outcomes for local communities, including job creation, technology sharing, and economic prosperity,” said Syed Agil Syed Hashim, Group CEO of MHB.

“By joining forces with Shizen Energy Japan, a renowned leader in the renewable energy sector, we are poised to leverage our collective expertise and resources to accelerate the adoption of clean energy technologies in our region.”

Shizen Energy, headquartered in Fukuoka City, shares a sister city relationship with Ipoh, Perak. Shintaro Nakamura, Director of the International Cooperation Section of Fukuoka City, also attended the event to mark this ongoing collaboration.

In March 2023, Shizen International signed an MoU with Sena Solar Energy to develop renewable energy in Thailand and to create new floating solar plants.