Coara Solar, Malaysia-based developer has financially closed and begun the development of a 116 MW solar project. The project is located in Marang, Terengganu, in north-east of Peninsular Malaysia.
The project covers a total area of 245 hectares. To ensure efficiency, the project will make use of bifacial technology mounted on single-axis trackers. The project is expected to come online in the first quarter of 2022. Once operational, it will produce 230 GWh of clean energy annually and save on 170,000 tonnes of carbon dioxide emissions annually. Coara Marang signed a power purchase agreement in June 2020 with the electric utility Tenaga Nasional Berhad. This is a long-term power purchase agreement with a duration of 21 years.
The project is being developed in association with Ibvogt under the third round of the country’s Large Scale Solar scheme being implemented by the Suruhanjaya Tenaga, Energy Commission of Malaysia in 2019. This is part of the government’s plan to increase the country’s share of renewables in its energy mix to 20 per cent by 2025. The current share is close to 2 per cent.
Established in 2012 in Malaysia, Coara Solar is a solar developer specializing in the development of large-scale solar power plants, design, engineering procurement and construction, as well as development of commercial and industrial solar roof projects. In 2017, Coara Solar built the first industrial solar roof for self-consumption in Kuala Ketil with an installed capacity of 1.2 MWp. In 2020, it also commissioned a 4.5MWp industrial solar roofs for self-consumption in Janda Baik, Malaysia.