Cypark partners RGFC Ventures in sustainability - MIDA | Malaysian Investment Development Authority
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Cypark partners RGFC Ventures in sustainability

Cypark partners RGFC Ventures in sustainability

02 Aug 2023

Cypark Resources Bhd, in partnership with RGFC Ventures Sdn Bhd, is committed to delivering a low-carbon and sustainable agenda in Selangor by harnessing the power of solar energy, says chief executive officer Datuk Daud Ahmad.

Cypark Resources and RGFC Ventures have signed a memorandum of business exploration yesterday to provide renewable energy to the state in line with the National Energy Transition Roadmap or NETR.

“Selangor is blessed with natural beauty and abundant resources and it is our responsibility to safeguard and protect them for generations to come,” he said after signing the agreement with RGFC Ventures – the business and investment arm of the Selangor football club.

“With an ambitious renewable energy target of 70% by 2050, the nation is on the right path to tackle global warming issues,” he added.

RGFC Ventures chief executive officer Aladdin Mostafa said the agreement would allow the company to explore the potential of non-football revenue for long-term economic sustenance.

“As the sports and football industry evolves, it is imperative for us to evolve with it, opening doors to fresh opportunities while remaining rooted in our cause and passion for football,” he said.

RGFC Ventures and Cypark Resources would explore potential especially in implementing solar energy solutions across Selangor.

The focus would be on floating solar as well as residential and home solar to reduce reliance on conventional energy sources to minimise greenhouse gas emissions.

“Cypark Resources and RGFC Ventures aim to generate clean electricity that will power homes, schools, hospitals and industries in Selangor,” the companies said in a joint statement.

Through the developments in solar, renewable energy and waste management projects, the companies would be taking steps to reduce carbon footprint and mitigate the impact of climate change, the statement said.

“Cypark Resources and RGFC Ventures will also be exploring engineering procurement and construction opportunities within the environmental, social and governance agenda in Selangor,” it added.

Cypark Resources is currently developing one of the world’s largest floating solar farms outside China in Tasik Danau Tok Uban in Pasir Mas, Kelantan.

The NETR is an accelerated energy transition plan for the country to shift from an energy system dominated by fossil fuels to clean renewable energy sources.

Source: The Star