Malaysian Giant Eyes for 2GW Australian Wind and Solar Power Project

Hello, we have some fantastic news about renewable energy! So, let us catch you up on what's going on down under. Gamuda Berhad, a Malaysian infrastructure powerhouse, is changing its focus to renewables in Australia, with plans to build 1 to 2 gigawatts of wind and solar projects over the next five years. That's a significant shift, given that they've previously been mostly focused on billion-dollar infrastructure projects.

Their CEO, Ewan Yee, is passionate about sustainability, stressing their global experience in energy and water infrastructure. With Australia aiming for 82% renewables by 2030, Gamuda's large-scale building skills and stake in Malaysian solar producer ERS Energy are viewed as a natural fit.

Jarred Hardman of Gamuda Engineering Australia sees their move into renewables as a "ready to go" solution to satisfy Australia's renewable ambitions. They are looking for ready-to-build solar and wind projects, as well as transmission and pumped hydro contracts.

However, Gamuda is not the only player in this game. Last year, Malaysia's oil giant Petronas announced plans to enter Australia's renewable energy market with up to 8 gigawatts of solar, wind, and storage capacity via its renewables business Gentari. They've even taken over Wirsol Australia, a leading solar developer, to jumpstart their green journey.

What does this signify for Australia's net-zero transition then? Giants like Gamuda and Petronas are clearly indicating that the nation is moving more quickly toward cleaner energy sources by investing heavily in renewable energy. Australia seems to be on course to meet its green targets earlier than anticipated, with new projects and investments coming in.

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Cover Page via Gamuda Berhad