BANDAR SERI BEGAWAN: Baiduri Bank has strengthened its role in Brunei Darussalam’s renewable energy landscape by financing the development of a 12-megawatt peak (MWp) ground-mounted solar photovoltaic plant at Sungai Liang Industrial Park (SPARK).
The project marks the bank’s second solar financing initiative, reinforcing its growing capabilities in sustainable infrastructure funding.
The facility, developed by Hibiscus Petroleum, will supply renewable electricity to the Low-Pressure Compressor (LPC) facility at the Onshore Processing Plant (OPP) owned by the Block B Maharajalela Jamalulalam Joint Venture.
Once operational, the solar plant is expected to enhance energy efficiency, reduce operational emissions, and provide a more reliable and sustainable power source for industrial activities. The groundbreaking ceremony was officiated by Deputy Minister (Energy) at the Prime Minister’s Office Dato Seri Paduka Haji Mohamad Azmi bin Haji Mohd Hanifah, underscoring the importance of coordinated public-private collaboration in advancing Brunei’s renewable energy agenda.
The financing builds on Baiduri Bank’s first major renewable energy milestone in 2025, when it signed on as sole financier for Brunei Darussalam’s first utility-scale solar photovoltaic power plant with a 30-megawatt (MW) capacity in Kampong Belimbing.
The landmark project established the foundation for large-scale solar deployment in the country and positioned the bank at the forefront of sustainable infrastructure financing.
Commenting on the development, Baiduri Bank Chief Executive Officer Ti Eng Hui said, “As Brunei advances its energy transition, financing solutions must evolve alongside national ambition. Supporting our second solar project reflects our growing experience in renewable infrastructure and our commitment to enabling commercially viable, lower-carbon energy solutions.
“These projects demonstrate how responsible financing can support industrial resilience while contributing to the country’s long-term sustainability goals.”
The initiative aligns with Brunei’s target of increasing renewable energy capacity to at least 30 per cent of total installed power generation capacity by 2035 under the Brunei National Climate Change Policy (BNCCP).
Baiduri Bank’s sustainability approach is guided by Baiduri Greenprint, its framework structured around three pillars – People, Process, and Planet – ensuring sustainability considerations are embedded into financing decisions, operational practices, and stakeholder partnerships.
As the energy landscape continues to evolve, Baiduri Bank remains committed to partnering with industry leaders and policymakers to support practical, scalable projects that contribute to economic diversification and long-term national development. - Borneo Bulletin/ANN
