This affiliation between Gamuda – a regional leader in delivering innovative breakthrough solutions for infrastructure – and ERS Energy, a leading solar engineering, procurement, construction, and commissioning company in the Asean region, will see both parties forging a strong collaborative partnership in renewable energy , leveraging on each other's expertise and track records.
According to Gamuda deputy group managing director Mohammed Rashdan Yusof, the equity participation in ERS Energy is aligned with group's sustainability and decarbonisation commitments outlined in its Gamuda Green Plan 2025. He adds that investing in RE and other green vertical businesses is one of the company's strategies to build a new baseline recurring income stream for the group.
Established in 2009, ERS Energy is one of the early entrants to Malaysia's solar scene and has more than 13 years of experience in the solar energy industry. The subscriptions, which will see Gamuda surface as the single largest corporate shareholder of ERS Energy, will play an integral role in delivering Gamuda's RE aspirations for its Penang South Islands project.
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