Who owns ERS Energy Sdn Bhd?

KUALA LUMPUR: Gamuda Bhd has acquired a 30 per cent stake in ERS Energy Sdn Bhd for RM200 million. In a statement today, Gamuda said the affiliation would see both parties forging a strong collaborative partnership in renewable energy (RE), leveraging each other's expertise and track records. ERS Energy is a homegrown solar energy service provider.

Will Gamuda acquire ERS Energy Sdn Bhd?

KUALA LUMPUR (Dec 7): Gamuda Bhd plans to acquire a 30% stake in ERS Energy Sdn Bhd for RM200 million via the subsciption of shares in the solar energy company.

Who is ERS Energy?

Read our story to know more about us at ERS Energy: Story. ERS ENERGY, is a company energy duly established in 2009 whose main business scope is solar photovoltaics (“PV”) Engineering Procurement Construction and Commissioning (“EPCC”) and system integrations ranging from Large Scale Solar (“LSS”) deployment to Rooftop and smaller retail systems.

How will ERS Energy's Strategic Partnership benefit Malaysia?

ERS Energy managing director and co-founder Jonathan Kan notes that the strategic partnership will strengthen its foothold in the regional RE markets. “This alliance will boost greater clean energy adoption and accelerate the momentum of the sustainability agenda towards reducing carbon emissions in Malaysia and the region,” he says.

What does ERS Energy's partnership with ERS mean for the world?

The group said the partnership with ERS Energy will enable the group to actively participate in the world's transition to net zero, in line with the Gamuda Green Plan which commits the group to reducing carbon emissions intensity by 30% in 2025 and 45% in 2023.

Will ERS become Malaysia's largest private re producer?

"Our partnership with ERS will enable us to participate in the world's transition to net zero and to grow our RE asset portfolio to over 800 megawatts (MW) in the next few years. "This would position the group as Malaysia's largest private RE producer," he said.