LBS Bina Group Berhad announced that its subsidiary has awarded an Engineering, Procurement, Construction and Commissioning contract to Atlantic Blue Sdn. Bhd., a wholly owned subsidiary of Solarvest Holdings Berhad to construct a 43-MWp solar farm project at a total contract value of RM104 million.

The subsidiary which is part of a consortium has commissioned a solar farm to be located in Senawang, Negeri Sembilan and expected to be completed by the end of 2025. Upon commissioning, it is projected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions. The solar farm is anticipated to contribute about 53,000 Renewable Energy Certificates (RECs) to the market, supporting corporate consumers in meeting their sustainability goals.

By developing renewable energy project under the Corporate Green Power Programme, LBGB said it will create new, recurring revenue streams upon the commissioning of the solar farm, enhancing its long-term earnings visibility.