TNB forms joint venture with Luminous Aspect, SME consortium for 500MW solar project
Bitget2026/11/03 09:19- Tenaga Nasional's subsidiary TNB Renewables signed a solar joint venture agreement with Luminous Aspect and CSP 500MW on November 3, 2026.
- The project in Bahau, Negeri Sembilan, comprises 500MWac of solar capacity with a 250MW/1,000MWh battery energy storage system.
- TNB Renewables holds 70% of the venture; IOI subsidiary Luminous Aspect owns 25%, with SME consortium CSP 500MW holding 5%.
- The parent will inject up to RM 424.4 million through Ordinary Shares and Redeemable Preference Shares into TNB Renewables for the project.
- Maximum equity capitalization is RM 606.2 million, with a planned debt-to-equity ratio of up to 80:20, subject to funding conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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