KUALA LUMPUR (Feb 7): Ranhill Utilities Bhd said it has on Wednesday achieved commercial operation date (COD) of its 50MW large scale solar project under the 2021 awards (LSS4).

This marks Ranhill's first venture into LSS ownership, being part of its pursuit into renewable energy, the group said.

The project will operate under a 25-year concession period, it said.

"The project will mitigate 2,135,880.25 tons of CO2 emissions throughout its 25-year concession, contributing significantly to environmental sustainability. Ranhill is committed to pioneering sustainability by harnessing clean energy, reducing carbon footprint, and contributing to a greener, more sustainable future," it said in its filing.

Ranhill joins several others who have similarly completed their LSS4 commissioning including Solarvest Holdings Bhd, Tenaga Nasional Bhd, JAKS Resources Bhd and MK Land Holdings Bhd, to name a few.

A total of 823MW of LSS4 capacity was awarded in 2021. The scheduled commercial operation date was set at end-2023, according to guidelines on the project.