Gamuda's Rapid Expansion in Renewable Energy
Gamuda, a construction company co-founded by Malaysian tycoon Lin Yun Ling, is making significant strides in the renewable energy sector. Recently, the company has secured two major solar projects with a combined capacity of 2.7 gigawatts of electricity. These projects are expected to power data centers once completed, marking a pivotal shift in Gamuda’s business focus.
Malaysia has emerged as a key player in the Asia Pacific data center market, drawing the attention of global technology giants such as Alibaba, Google, and Microsoft. These companies are investing heavily in cloud computing and AI-powered hyperscale facilities, which in turn is increasing the demand for renewable energy within the country. Gamuda has already secured approximately 2.7 billion ringgit ($642 million) worth of contracts for two of Google’s projects in Malaysia, showcasing its growing influence in this space.
In a recent development, Gamuda announced its partnership with Kuala Lumpur-based Gentari Renewables, a unit of the Malaysian state-linked energy company Petronas. Together, they will develop a solar farm with a capacity of 1.5 gigawatts. This announcement follows another collaboration with plantation company SD Guthrie, where Gamuda will build a 1.2-gigawatt solar facility. Although financial details have not been disclosed, analysts estimate that both projects could cost around 5.4 billion ringgit ($1.3 billion) in total.
Joshua Kong Sing Hoe, director of Gamuda Energy, emphasized the importance of these partnerships in supporting data centers with sustainable energy solutions. "With our combined strengths and bankability, we can support our data centre partner with a dedicated, sustainable and scalable pipeline of renewable energy to ensure these crucial facilities can operate at a reduced carbon footprint," he stated.
The rapid growth of data centers in Malaysia has led to a surge in demand for reliable and sustainable power. Low Kian Min, chief renewables officer of Gentari, highlighted this trend, saying, "Malaysia’s digital economy is growing rapidly, bringing with it rising demand for reliable and sustainable power."
Founded in 1976 by Lin Yun Ling and his business partner Koon Yew Yin, Gamuda began as a construction company. Over the years, it has evolved into a leading infrastructure and real estate company in Malaysia. The company has expanded its operations to various countries, including Australia, Singapore, Taiwan, the U.K., and Vietnam, further solidifying its position in the global market.
As the demand for renewable energy continues to rise, Gamuda's strategic moves in the solar energy sector position it well to meet the needs of the growing digital economy. With its strong partnerships and commitment to sustainability, Gamuda is set to play a crucial role in shaping the future of energy in Malaysia and beyond.
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