Reservoir Link enters the renewable energy space

Reservoir Link said the SPV is intended to be principally involved in the provision and implementation of solar PV projects similar to those currently being undertaken by Solar Bina.(File pic shows solar energy panels)

PETALING JAYA: Oil and gas (O&G) service provider Reservoir Link Energy Bhd has proposed to buy a 51% stake in a special purpose vehicle (SPV) that will be involved in the solar segment for RM21.17mil, marking its foray into the renewable energy sector.

The company said that the “identified business and assets” of Solar Bina Engineering Sdn Bhd, valued at RM41.5mil, would be injected into the SPV.