Reservoir Link secures two solar rooftop projects

KUALA LUMPUR (June 7): Reservoir Link Energy Bhd has secured letters of award (LoAs) to develop two solar rooftops.

In a bourse filing on Tuesday (June 7), the company said it had received an LoA from Osram Opto Semiconductors (Malaysia) Sdn Bhd to develop solar rooftops in Kulim.

The company said its subsidiary RL Sunseap Energy Sdn Bhd, with collaboration between Reservoir Link and Sunseap Energy (Malaysia) Sdn Bhd had secured the LoA that includes building integrated photovoltaic power generation facilities.

It said the solar agreement is expected to have a tenure of 25 years.

The company added that RL Sunseap Energy has also been contracted to perform the operations and maintenance of the solar photovoltaic system through the contracted tenure.

Reservoir Link said that RL Sunseap Energy had also signed a rooftop solar supply agreement with PE Land (Penang) Sdn Bhd on May 25, 2022.

It said under the agreement, RL Sunseap Energy will design, construct, install, own, operate, and maintain a solar PV energy generating system with a DC capacity of 1971.2 kWp on the rooftop of Design Village Outlet Mall located in Penang.

Reservoir Link said to date it has successfully secured four contracts to provide rooftop solar PV systems totalling 10 Megawatts.

Reservoir Link executive director Thien Chiet Chai said the recent wins are a testament of the strong synergy formed with RL Sunseap Energy.

“This is only the beginning of our journey with Sunseap.

“We believe we are well positioned to provide more clean energy solutions to consumers in Malaysia which is also in line with the national agenda,” said Thien.

Meanwhile, a spokesperson from Sunseap said Malaysia remains an important market for Sunseap, and the firm was encouraged by the growing support for using renewable energy in homes and businesses across the country.

“We will continue to work with our partner Reservoir Link to elevate the use of solar-generated power in Malaysia,” said the spokesperson.

At the midday break, Reservoir Link shed 1.33% or 0.5 sen to 37 sen with 104,000 shares done.