PENANG: Leader Energy Group Bhd, a wholly-owned subsidiary of HNG Capital Sdn Bhd, has secured an investment of more than US$100mil from China-Asean Investment Cooperation Fund II (CAF II), which is sub-advised by ESR Group Ltd, Asia-Pacific’s leading new economy real asset manager.
In a statement, Leader Energy said the investment was made to back the expansion of its renewable power generation and transmission portfolio in South-East Asia.
Leader Energy ventured into renewable energy in 2016 and has since become one of the largest and fastest-growing regional players in South-East Asia’s renewable energy power sector.
“Leader Energy presently has a portfolio of operating assets of a total hydro and solar power installed capacity of over 550MW and 235km of transmission line assets, across South-East Asia, as well as robust pipeline projects, with a target to double its installed capacity of operating assets in the next five years.”
Through the partnership with CAF II, Leader Energy said it intends to accelerate its robust pipeline across the region and reinforce its position as one of the largest pure-play renewable energy companies in Malaysia.
