KUALA LUMPUR (Jan 31): Cypark Resources Bhd (KL:CYPARK) said its remaining 30MW floating solar plant at Danau Tok Uban (DTU), Kelantan, achieved commercial operation date (COD) on Friday, marking the successful completion of all outstanding projects.

The plant, dubbed DTU1, is one of two 30MW solar installations at DTU. Its sister DTU2, with a 30MW capacity, achieved COD back on Jan 7. The project is Malaysia's largest floating solar installation, according to Cypark.

“The combined 60MW floating solar facility is now fully operational and supplying clean energy to the national grid, reinforcing Cypark’s commitment to driving Malaysia’s renewable energy transition,” Cypark said in a statement on Friday.

“Subsequent to the company’s strategic review launched 12 months ago, this milestone marks the successful completion of all outstanding projects under Cypark’s reconstituted board and new senior management,” it added.

The DTU floating solar project was initially slated for completion by end-2021 but faced several delays due to the Covid-19 pandemic and floods.

Cypark executive chair Datuk Ami Moris said the DTU floating solar plant’s COD serves more than just a project completion, adding it signifies a transformation in the group’s capabilities and leadership.

“Over the past year, we have strengthened our management and engineering teams, successfully completed key renewable energy projects, and resolved outstanding challenges to position Cypark as Malaysia’s leading renewable energy company,” she added.

Looking ahead, Ami said Cypark will firmly focus on expanding its role in Malaysia’s green energy landscape, particularly through new growth initiatives and opportunities such as the German Tech Park in Melaka and future floating solar developments at Lake Kenyir.

Shares in Cypark ended unchanged at 82 sen, valuing the company at RM674.72 million.