NEWCASTLE: Tenaga Nasional Bhd (TNB) has demonstrated its ability to continuously strengthen its overseas energy capabilities and investments, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
Speaking during a visit to the Blyth Offshore Wind Farm in Newcastle, United Kingdom (UK), Fadillah, who is also the Minister of Energy Transition and Water Transformation, praised TNB’s international expansion efforts through its investment arm, Vantage RE Ltd.
“Congratulations to TNB for exploring and expanding their reach internationally, especially in the UK, including Ireland, Scotland, and beyond. This shows the capability of Malaysian companies, which not only benefits TNB itself but also our country in terms of foreign investment,” he said.
TNB, via Vantage RE, holds a 49% stake in Blyth Offshore Demonstrator Ltd (BODL), the owner of the 41.5-megawatt (MW) offshore wind farm located approximately 6.5 kilometres off the Newcastle coastline. Operational since 2017, the Blyth project marks a significant step in TNB’s renewable energy ambitions abroad.
Also present during the visit were TNB’s Chief New Energy Officer Mohd Zarihi Mohd Hashim and Sarawak Energy Bhd’s Group Chief Executive Officer Datuk Sharbini Suhaili.
Fadillah encouraged more large Malaysian companies, particularly government-linked companies (GLCs) and government-linked investment companies (GLICs), to explore investment opportunities abroad, highlighting the benefits for both corporate growth and national economic interests.
Beyond its stake in BODL, Vantage RE manages a renewable energy asset portfolio of 1.3 gigawatts across the UK and Ireland. Recently, the company completed the construction of a 100 MW solar farm in the UK, which will soon be equipped with a battery energy storage system—further strengthening TNB’s leadership in renewable energy.
Commenting on Malaysia’s participation in the two-day Summit on the Future of Energy Security held at Lancaster House in London, Fadillah said it provided valuable opportunities for Malaysia to engage with the latest energy technologies and foster international collaboration.
“This is the best opportunity for our country not only to learn but also to expand and share experiences with other nations. It allows our companies to broaden their horizons,” he said, adding that the summit also reinforced Malaysia’s commitment to environmental stewardship and technological cooperation.
Organised by the International Energy Agency and the UK government, the summit gathered global decision-makers to chart the path toward future energy security.
— BERNAMA
