Blueleaf Energy, a leading pan-Asian renewable energy platform owned by a fund managed by Macquarie Asset Management, and Chemsain Sustainability Sdn Bhd (Chemsain), a Malaysian sustainability advisory firm, have signed a Memorandum of Understanding (MoU) to explore the development of up to 3 GW of onshore utility-scale renewable energy projects in Sarawak, Malaysia. The MoU was formalized during a closed-door ceremony at the Macquarie ASEAN Conference in Singapore.
The partnership combines Blueleaf Energy’s global experience in renewable energy development and financing with Chemsain’s deep local expertise in regulatory frameworks and sustainability. Together, the companies will support Malaysia’s National Energy Transition Roadmap (NETR) and Sarawak’s Post Covid-19 Development Strategy (PCDS) 2030 by advancing solar photovoltaic (PV) and battery energy storage system (BESS) projects.
The collaboration framework covers site and grid access, permitting, technical development, and community engagement, while also exploring opportunities to strengthen local supply chains and drive job creation in Sarawak. Over the next two years, the partners aim to position Sarawak as a regional leader in clean energy production and sustainable industrial growth.
“This MoU marks a significant milestone for Blueleaf Energy’s expansion in Southeast Asia and our commitment to supporting Malaysia’s National Energy Transition Roadmap,” said Raghuram Natarajan, CEO of Blueleaf Energy. “The ambition to develop up to 3 GW of renewable energy in Sarawak is a powerful testament to the region’s immense potential. By combining our global expertise in financing and large-scale project development with Chemsain’s deep-rooted local knowledge, we are confident in our ability to deliver energy solutions that create long-term value and bolster Malaysia’s energy transition.”
“This collaboration reflects Chemsain’s strong commitment to accelerating sustainable development in Sarawak,” said Dr. John Chan, Executive Chairman of Chemsain Sustainability. “By leveraging our deep expertise in local regulatory frameworks, environmental planning, and stakeholder engagement, we look forward to working alongside likeminded partners such as Blueleaf Energy to ensure all projects are fully aligned with both federal and state-level goals. Our focus is to help de-risk development and enable large-scale clean energy investments that deliver lasting value.”
“Partnering with a trusted local advisor like Chemsain exemplifies our commitment to ‘go local’ to deliver the best solutions,” said Amiram Roth-Deblon, Chief Operating Officer of Blueleaf Energy. “In a market as dynamic as Sarawak we understand the value of forging such partnerships to not only de-risk our development pipeline but also ensure our projects are seamlessly integrated with the local community, delivering a holistic and positive impact that goes beyond just power generation.”
Subscribe to get the latest posts sent to your email.
