This Week In Energy Transition - Sarawak's Solar Energy Leap Powers Green Data Transformation

Simply Wall St September 30, 2025

A significant development in the realm of energy transition is taking place in Sarawak, Malaysia, where Founder Group Limited announced a RM1.16 billion [USD276 million] agreement for a groundbreaking solar-plus-storage project. This large-scale renewable energy facility, comprising a 310 MWp solar photovoltaic power plant coupled with a 620 MWh battery energy storage system, is set to bolster the region's clean energy capabilities. A pivotal aspect of this initiative is the establishment of a 200 MW Green Data Centre Park, leveraging sustained solar power to drive economic and digital transformation. This project not only supports Sarawak's ambition to become the "Battery of Asean" but also aims to contribute to the region's target of achieving a 10 GW generation capacity by 2030.

In other trading, IREN (NasdaqGS:IREN) was a notable mover up 9.7% and ending the day at $45.93. At the same time, Dian Swastatika Sentosa (IDX:DSSA) trailed, down 6.5% to end the day at IDR103,650.00.

IREN's strategic growth in AI cloud and data centers hinges on timely vertical integration. Discover how this could impact your investment strategy by exploring our detailed narrative on the company.

Check out our Market Insights article, "Utilities: Defensive Dividends Meet the AI Power Surge," highlighting how utilities are central to the energy transition and tech revolution. Read it now before opportunities pass!

Best Energy Transition Stocks

Tesla (NasdaqGS:TSLA) settled at $443.21 up 0.6%.
Applied Materials (NasdaqGS:AMAT) settled at $204.95 up 0.5%, not far from its 52-week high.
Chevron (NYSE:CVX) settled at $156.10 down 2.5%.

Where To Now?

Click this link to deep-dive into the 181 companies within our Energy Transition Stocks screener including Subsea 7, WEC Energy Group and Grasim Industries.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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