Cypark Resources Berhad and RGFC Ventures Sdn Bhd have entered into a Memorandum of Business Exploration (MOBE). The announcement follows Malaysia’s launch of the National Energy Transition Roadmap (NETR), which eyes gigantic renewable energy ambitions of 40% by 2035 and 70% by 2050.
Malaysia-based Cypark Resources is a developer and provider in integrated renewable energy, green technology, environmental engineering solutions, and construction engineering. RGFC Ventures is the business and investment arm of Selangor Football Club that is mandated to generate non-football revenue for the club
The agreement will pave the way for the two firms to exploit the potential of solar energy and tap into renewable energy sources.
RGFC Ventures said it has set sights on the potential that non-football revenue has by way of renewable energy initiatives. The firm wants to bring long-term economic sustainability of the football club by RES.
The MOBE is majorly focussed on solar energy integration, under which Cypark Resources and RGFC Ventures will partner up to identify and carry out solar energy solutions across Selangor. Emphasis will be laid upon floating solar and residential/home solar installations, with an aim to curb greenhouse gas. The two firms will walk on the path of sustainability with the employment of solar, renewable energy, and waste management projects.