Leader Energy Group Bhd, Malaysia, the wholly owned unit of HNG Capital Sdn Bhd, secured an investment amounting to more than US$100 million led by China-Asean Investment Cooperation Fund II (CAF II), sub-advised by ESR Group Ltd, a real asset manager in the Asia-Pacific region.
Leader Energy has stated that the investment will see further expansion of the company’s renewable power generation and transmission portfolio across South-East Asia. The journey into renewable energy started in 2016, and since then, the company has become one of the region’s biggest players in the renewable energy sector.
Leader Energy currently has an operating portfolio that covers a total installed capacity of more than 550 MW from hydro and solar power projects. The company also oversees 235 kilometers of transmission line assets in the region. Furthermore, the company maintained that it has a strong pipeline of projects and will double its installed capacity within five years.
The pact with CAF II will allow Leader Energy to accelerate the pipeline of renewable projects across the South-East Asia region. Consolidating its leadership position in Malaysia as one of the major pure-play renewable energy firms adds to the aim of the firm.
