KUALA LUMPUR: Invest Energy plans to invest about RM2.2bil over the next five to seven years in partnership with a global European ESG fund and increasing foreign investments in Malaysia. These projects represent about 90MW of distributed energy and renewable energy plants in Malaysia and Vietnam. In addition, Invest Energy is disposing two of its units – Konpro Industries Sdn Bhd (KISB) and Meru One Sdn Bhd (MOSB). ‘’The asset monetisation exercise will strengthen our balance sheet and our position to acquire and develop larger distributed energy and renewable energy assets immediately” Anand said. Invest Energy’s investments will continue to be a mix of distributed energy, renewable energy, energy storage and energy efficiency.

Source: The Star March 01, 2021 03:45 UTC