Showing commitment: A file photo of TNB workers in front of their headquarters. The utility company is also eyeing overseas acquisitions to meet its RE targets. is accelerating its energy transition initiatives in line with the government’s National Energy Transition Roadmap .
In financial year 2022 , the power utility managed to raise its RE capacity to 3,780MW, representing 46% of FY25’s target.“While acknowledging the substantial gap, TNB is confident of reaching the target with a steady pipeline of RE projects coming on stream and potential acquisitions of RE assets overseas via its New Energy Division with Vantage RE focusing on British and European markets and TNB Renewables on the domestic and South-East Asian markets,” the research house said.
Its commitment to being net-zero by 2050 is further strengthened by initiatives in new technologies such as carbon capture utilisation and storage and co-firing with hydrogen, ammonia and biomass.