VCI Global Limited is setting its sights on developing and acquiring up to 100 MW of solar photovoltaic projects across Southeast Asia (SEA) and Europe over the next five years.
This initiative is expected to generate approximately $200m in revenue over the next two decades, fuelling the Company’s long-term growth.
In SEA, VCI Global plans to source at least 70% of the targeted capacity from Malaysia, leveraging government programs such as the Corporate Renewable Energy Supply Scheme (CRESS).
Through CRESS, VCI Global will directly supply renewable energy to its data centre, enhancing energy independence and supporting its sustainability goals.
VCI Global also aims to acquire 30 MW of solar capacity in Eastern and Southeastern Europe, expanding its renewable energy portfolio to meet the growing global demand for clean energy.
This aligns with the Company’s strategic vision and commitment to national renewable energy targets.
The total investment for these solar initiatives is projected at $50m over five years, with expected annual revenues of approximately $10m over 20 years.
By capitalising on the increasing demand for solar energy, particularly for AI-driven data centres, VCI Global aims to deliver stable, long-term returns and value to shareholders.
“As renewables become the largest source of electricity generation by 2025, we see solar energy as a key opportunity to meet the growing demand for clean power, driven by AI and global needs,” said Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global.
This sustainable growth strategy underscores VCI Global’s commitment to clean energy and a greener future.
