AmBank Group has approved a total financing facility of RM408.2 million to MSR Green Energy Sdn Bhd (MSRGE) to part-finance its working capital requirements for a landmark 100MW/400MWh Battery Energy Storage System (BESS) project awarded by Sabah Electricity Sdn Bhd (SESB).

 

The BESS project, located in Lahad Datu, Sabah, is valued at RM644.6 million and was awarded to MSRGE in September 2024. Upon completion, the facility will be one of the largest battery storage systems in Southeast Asia and the first energy storage facility in Sabah, with a final installed capacity of 517MWh. It is designed to enhance grid stability, boost reserve margins during peak demand periods, and enable further expansion of power plant in the region.

 

MSR Green Energy Sdn Bhd, established on 18 September 2012, is a pioneer in Malaysia’s renewable energy sector, with a strong track record in large-scale solar photovoltaic (PV) projects. The company has successfully commissioned approximately 39 renewable energy projects, contributing 96MWp through Large-Scale Solar (LSS) initiatives and over 41MWp under the Feed-in Tariff (FiT) scheme. Beside the ongoing of the BESS project in Sabah, the company is currently overseeing two large-scale solar projects under the Corporate Green Power Program scheme with total of approximately 95 MWp, scheduled for completion by the end of 2025.

       

Christopher Yap, Managing Director, Business Banking, AmBank Group said, "This financing facility with MSRGE marks a significant step in supporting Malaysia’s transition towards a more resilient and sustainable energy future. By backing its advanced energy storage infrastructure, we hope to be able to continue our support to demonstrate our commitment to sustainable financing and renewable energy development."

 

Ong Kah Hui, Director of MSRGE said, “We are deeply honored to participate in this project through an open-tender exercise by Sabah Electricity Sdn Bhd (SESB). With the invaluable financing support of AmBank, our large-scale battery energy storage project represents a pivotal step toward realizing a shared vision of a greener future. This initiative not only addresses Sabah's power supply and grid stability requirements but also lays a robust foundation for integrating future renewable energy plants into the region's infrastructure.”