The Board of Directors of Ranhill Utilities Berhad announced that its wholly-owned subsidiary, Ranhill Solar I Sdn Bhd ("RSI") had on 7 February 2024 successfully completed and achieved the Commercial Operation Date ("COD") of its 50MWac Solar Photovoltaic Project under the Large Scale Solar Phase 4. The Project will operate under a 25 years concession period. The Project is Ranhill's first venture into asset ownership of large scale solar project and is part of the Company?s pursuit in renewable energy. The COD of the Project is expected to contribute positively to the future earnings of Ranhill Group for the next 25 years.

The Project will mitigate 2,135,880.25 tons of CO2 emissions throughout its 25-year concession, contributing significantly to environmental sustainability. Ranhill is committed to pioneering sustainability by harnessing clean energy, reducing carbon footprint, and contributing to a greener, more sustainable future.