PETALING JAYA: Quill Group, SPIC Malaysia Energy Bhd and China Construction Bank (M) Bhd (CCBM) have signed a memorandum of understanding (MoU) for cooperation in renewable energy (RE) projects in Malaysia.

       The tripartite collaboration was formed between the companies to leverage on each other’s strengths to make inroads into the RE sector.

       In a statement, the companies said the MoU would set out the cooperation framework between the parties for joint development of RE projects in Malaysia.

       “A strategic business alliance is formed where parties are able to leverage on each other’s strengths, in particular, Quill’s advantage in local resources, SPIC’s technical expertise and experience in new energy in conjunction with CCBM’s support, which promotes penetration into the new energy market in Malaysia and creating pathway towards a carbon-neutral economy,” the group said.

       Quill is an integrated property group, with a well-established in-house management team in the architectural, engineering, interior design, town planning, construction and renewable energy industries.

       SPIC’s scope of business includes hydrogen energy, photovoltaic, wind energy and biomass power generation and other energy industry investment; and engineering, procurement, construction, and commissioning construction.

       CCBM, meanwhile, is a wholly-owned subsidiary of Beijing-headquartered China Construction Bank Corp.