Blueleaf Energy, a pan-Asian renewable energy platform owned by Macquarie Asset Management, has joined forces with Chemsain Sustainability, a Malaysian sustainability adviser, for the potential development of up to 3GW of onshore utility-scale renewable energy projects in the eastern Malaysian state of Sarawak.
Under a memorandum of understanding the partners said their venture would benefit from combining Blueleaf Energy’s global expertise in financing and large-scale project development with Chemsain’s deep-rooted local knowledge, to deliver energy solutions that create long-term value and bolster Malaysia’s energy transition.
Raghuram Natarajan, chief executive officer of Blueleaf Energy, said the collaboration reflected Chemsain’s strong commitment to accelerating sustainable development in Sarawak and that he looked forward to working alongside likeminded partners to ensure all projects were fully aligned with both federal and state-level goals.
“Our focus is to help de-risk development and enable large-scale clean energy investments that deliver lasting value,” said Natarajan.
Amiram Roth-Deblon, chief operating officer of Blueleaf Energy, said the partners would also explore opportunities for associated local industrial ecosystem development, which underscores a shared commitment to fostering long-term economic growth and creating jobs in the region.
“The collaboration will be focused on onshore utility-scale projects, utilising proven technologies such as solar photovoltaic (PV) and battery energy storage systems (BESS). The two companies are committed to exploring project opportunities over a two-year period, with the goal of helping Sarawak establish itself as a leader in clean energy production and sustainable development,” said Roth-Deblon.
John Chan, executive chairman of Chemsain Sustainability said: “In a market as dynamic as Sarawak we understand the value of forging such partnerships to not only de-risk our development pipeline but also ensure our projects are seamlessly integrated with the local community, delivering a holistic and positive impact that goes beyond just power generation.”
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