Malaysia-headquartered VCI Global Limited has announced plans to develop and acquire up to 100 MW of solar PV projects across Southeast Asia and Europe within five years. The initiative, aimed at generating $200 million in revenue over 20 years, includes sourcing 70% of capacity from Malaysia through government programs like CRESS, which enables businesses to purchase green energy directly. VCI will utilize this energy for its data center, reducing grid reliance and advancing sustainability goals. Additionally, the company will target 30 MW of solar capacity in Europe, investing $50 million over five years, with projected annual revenue of $10 million. This aligns with global renewable energy trends and VCI’s long-term strategy to meet clean energy demands and support shareholder value.
VCI Global pursued 100 MW solar expansion in SEA and Europe
VCI Global leveraged CRESS and solar farm acquisitions, investing $50M over five years for renewable energy expansion. (Image Credit/Source: Jnittymaa0/Pixabay )
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