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Petronas New Energy, NEFIN Group to power 15 Tesco stores


KUALA LUMPUR 20 July - Petronas New Energy and a regional bespoke solar developer, NEFIN Group set to grow in the domestic renewable energy space with Tesco Stores (M) Sdn. Bhd. (Tesco).

Both firms through a  joint-venture company known as NE Suria Satu Sdn. Bhd. (NESS) will provide a solar rooftop solution covering design, installation, operation and maintenance of solar photovoltaic panels for 15 Tesco stores nationwide.

 The provision of the solar rooftop solution is now ongoing until 2040, after the signing of a 20-year Power Purchase Agreement (PPA) between NESS and Tesco, the largest commercial solar PPA of its kind in Malaysia. 

“The first phase of the project will collectively generate about 18 gigawatt hours (GWh) of clean energy per year from the 15 selected Tesco stores around the northern and central regions of Peninsular Malaysia, enabling Tesco Group to achieve its goal of becoming a zero-carbon business by 2050,” said the joint statement today.

Head of Petronas New Energy, Dr. J. Mariyappan


Head of Petronas New Energy, Dr. J. Mariyappan said the PPA is a testimony to the firm’s significant growth aspirations that provides sustainable energy solutions. 

“This first venture with Tesco, signifies our commitment in realizing our vision of becoming a leading global provider of cleaner, reliable as well as cost-effective energy solutions".

"Partnerships are imperative to succeed in the dynamic energy industry as it enables us to provide more competitive and customer-centric solutions,”he said.

nefin ceo
CEO of NEFIN Group, Glenn Lim


Meanwhile, CEO of NEFIN Group, Glenn Lim on behalf of the group is proud to join forces through the combination of their expertise and experience in renewable energy.

Currently, Petronas New Energy has more than 650MW of solar projects that are operating and under construction in India and Dubai, and over 1GW of projects under development.

NEFIN Group is a regional renowned solar developer with bespoke experience in solar system deployment and has deployed over 300MW solar projects regionally. -