In a significant stride toward a sustainable future, Bank Islam Malaysia Bhd has signed a financing agreement worth RM105.2 million with Solar Voltech Sdn Bhd, a subsidiary of PDC Premier Holdings Sdn Bhd, for an ambitious solar generation project.
Driving the National Energy Transition Roadmap
Speaking at the signing ceremony, Bank Islam’s Chief Executive Officer Datuk Mohd Muazzam Mohamed highlighted that this financing aligns with Malaysia’s National Energy Transition Roadmap (NETR).
“This collaboration with Solar Voltech demonstrates Bank Islam’s commitment to championing green sustainability and supporting Malaysia’s ambition of achieving net zero carbon emissions by 2050,” he said.
The partnership, which began in 2024, reinforces Bank Islam’s role as a catalyst for the nation’s green initiatives. Group Chief Business Officer (Institutional Banking) Sharifah Sarah Syed Mohamed Tahir represented Bank Islam, while Solar Voltech’s Chief Operating Officer Izwanaim Ismail signed on behalf of the company.
Commitment to Green Financing
As a leader in shariah-compliant sustainable financing, Bank Islam has significantly expanded its green financing portfolio, which reached RM5 billion in 2024. With the new RM105.2 million agreement, renewable energy sectors now account for 58.1% of the bank’s overall green financing initiatives.
“We are targeting to increase our sustainable financing portfolio to RM28 billion by the end of 2025,” Mohd Muazzam shared.
Transforming Malaysia’s Energy Landscape
The solar project spearheaded by Solar Voltech is set to power hundreds of homes, commercial buildings, and industries with clean energy. It will incorporate cutting-edge technologies such as solar photovoltaic (PV) systems, building-integrated PV, electric vehicle charging solutions, and energy audits.
Solar Voltech’s COO Izwanaim Ismail emphasized the broader impact of the project, stating, “This investment reduces reliance on fossil fuels, significantly cuts carbon emissions, and brings long-term benefits like energy cost savings, improved air quality, and job creation in the green technology sector.”
A Shared Vision for Sustainability
Both Bank Islam and Solar Voltech see this collaboration as a key step toward addressing climate change and achieving Malaysia’s carbon neutrality goals.
“This agreement is a testament to our collective effort to build a greener and more sustainable future for Malaysia,” Mohd Muazzam affirmed.
With this initiative, Malaysia’s renewable energy agenda takes another leap forward, reinforcing the nation’s commitment to global climate change mitigation efforts.
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