The World Bank will invest in a huge 4GW, 5.12GWh solar-plusstorage complex in Malaysia, part of a pan-Southeast Asian power grid initiative.
the Southern Johor Renewable Energy Corridor (SJREC) will be a roughly 2 , 0 0 0 – s q u a r e kilometre area dedicated to solar PV and energy storage capacity. The US$6.0 billion project is backed by the World Bank’s private investment arm, the International Finance Corporation (IFC), alongside the state investment firm of Johor, Permodalan Darul Ta’zim (PDT), and Ditrolic Energy, a Malaysian integrated energy company. The project is part of a number of larger schemes, chiefly the ASEAN Power Grid Initiative, a plan to integrate power grids and energy supply across Southeast Asian nations.
in this vein, the SJREC will be part of the Johor- Singapore Special Economic Zone (JSSEZ) ‘masterplan’, able to transmit clean energy to Singapore, which sits on Johor’s southern border.