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BUSINESS

Clenergy partnership with JJ-LAPP can unlock RM4 bln investment, 12,000 new jobs

25/06/2021 05:44 PM

KUALA LUMPUR, Malaysia, June 24  -- Clenergy and JJ-LAPP have announced their partnership which is expected to unlock RM4 billion in investment and create an estimated 12,000 new jobs.

In a statement today, Clenergy said the partnership also aimed to drive Malaysia’s growing solar energy industry further and support the country by bringing the nation to the forefront of sustainable projects.

“Engineering, construction, and procurement companies not only in Malaysia but within the larger region including Singapore, Thailand, Indonesia, Vietnam and Philippines will now have access to Clenergy’s entire portfolio through JJ-LAPP’s network in South East Asia (SEA),” it said.

Clenergy chief executive officer (CEO) Daniel Hong said the partnership would strengthen the solar industry offerings in Malaysia and SEA region.

“This is in line with the Malaysian government’s efforts to drive the solar industry, having allocated RM2 billion towards the Green Technology Financial Scheme as part of their Sustainable Development Goals in Budget 2021,” he said.

Meanwhile, JJ-LAPP CEO Mike Winzerling said the synergy of Clenergy’s long-standing experience in the solar energy space backed by the strength of JJ-LAPP’s network and reach within ASEAN would make sustainable energy practices more accessible and drive the industry forward within Malaysia and the region.

“This is an exciting time for us as we continue to pursue growth opportunities while developing the solid foundation that we’ve built throughout the region,” he added.

Clenergy is a high-tech Sino-Australian company, specialising in the development, manufacturing, and engineering of solar mounting gear.

JJ-LAPP is a cable technology joint venture between Singapore’s Jebsen & Jessen and LAPP Holding Asia, a subsidiary of Germany’s LAPP Group.

-- BERNAMA


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