Berlin/Germany, 15/07/2020. ib vogt signed a 21-year power purchase agreement (PPA) with utility Tenaga Nasional Bhd for the Coara Marang project, located in the state of Terengganu, Malaysia.

ib vogt was one of five successful bidders, securing the project in the Large Scale Solar programme (LSS3), which was concluded in January 2020. The auction, for a total volume of 500 MWp, was massively oversubscribed with 112 bids, totalling 6.73 GW generation capacity.