Gamuda Berhad has invested RM200 million for a 30% stake in ERS Energy, aiming to enhance its renewable energy portfolio and position itself as a leader in Malaysia's transition to sustainable energy.

Target Information

Gamuda Berhad has entered into a significant partnership with ERS Energy Sdn Bhd by signing a Subscription and Shareholders’ Agreement (SSA) to acquire RM200 million in new shares. This investment will grant Gamuda a 30% equity stake in ERS Energy, a prominent solar energy service provider based in Malaysia. ERS Energy has established itself as a leading player in the engineering, procurement, construction, and commissioning of solar projects within the ASEAN region, boasting over 13 years of industry experience.

The partnership is positioned to enhance both Gamuda's and ERS Energy's strengths in the renewable energy sector. With Gamuda's expertise in innovative infrastructure solutions and ERS Energy's robust portfolio in solar energy, the collaboration aims to drive advancements in clean energy adoption and significantly increase Malaysia's footprint in renewables.

Industry Overview in Malaysia

Malaysia is rapidly advancing its renewable energy (RE) initiatives, aiming for a transition to a sustainable energy landscape. Recent government policies and commitments towards carbon neutrality have spurred growth in the renewabl