On 9th June 2025, LBS Bina Group Berhad announced that our special purpose vehicle, Suria Hijauan Sdn Bhd has secured an RM88.4 million green financing facility from Alliance Bank Malaysia Berhad to fund the Engineering, Procurement, Construction and Commissioning (EPCC) costs for the maiden 43 MWp solar farm project.
The project, which is under the Corporate Green Power Programme (CGPP), located in Senawang, Negeri Sembilan and is scheduled for completion by the end of 2025. The solar farm is expected to deliver stable, recurring revenue, thus enhancing long-term earnings resilience and underscoring LBS’ commitment to sustainable growth.
The solar farm project is expected to generate approximately 53,000 MWh of clean energy annually, effectively offsetting about 35,000 tonnes of carbon emissions. Atlantic Blue Sdn Bhd, a subsidiary of Solarvest Holdings Berhad, was appointed as the EPCC contractor under a RM104.0 million contract, leveraging its expertise in delivering large-scale solar projects.