TNB Renewables
TNB Renewables Sdn Bhd (TRe) is a wholly owned subsidiary of Malaysian utility Tenaga Nasional Berhad that develops, owns, and manages renewable energy assets, primarily utility-scale solar plants, across Malaysia and Southeast Asia, supporting TNB's Net Zero 2050 aspiration.
- Company typePrivate
- Founded-
- HeadquartersKuala Lumpur, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What TNB Renewables does
TNB Renewables Sdn Bhd (TRe) is a wholly owned subsidiary of Tenaga Nasional Berhad (TNB), Malaysia's largest electricity utility, established to develop, own, and manage renewable energy assets across Malaysia and Southeast Asia. The company's core offering is renewable energy asset development and ownership, anchored by solar power generation assets including the 30MWac TNB Bukit Selambau 1 & 2 large-scale solar plant. The full project lifecycle is covered, from early-stage development and engineering through to asset management and long-term value creation, with a complementary service line providing operational and financial performance optimization for existing renewable energy plants.
The company operates a direct project development and asset ownership model, serving energy utilities and grid operators with a primary focus on Malaysia's utility sector. As an integrated business unit within TNB's portfolio, TNB Renewables leverages the parent group's financial strength, decades of power sector expertise, established supplier and contractor relationships, and brand recognition to execute utility-scale renewable projects. The subsidiary aligns with TNB's Net Zero 2050 aspiration and Malaysia's national energy transition goals, while also conducting community outreach programs such as TA2L and ASKUL near project sites.
With approximately 37 employees headquartered in Bangsar, Kuala Lumpur, TNB Renewables operates under a streamlined leadership structure. Managing Director Elmie Fairul Mashuri leads the company, supported by Chief Financial Officer Mohd Faiz Md Yusof and department leads covering business development, asset management, corporate services, asset development, and engineering and feasibility. The company is registered as a private limited company (Sdn Bhd) under Malaysian law, holds PDPA-compliant data practices inherited from TNB Group, and revenue is generated through the operation and management of renewable energy plants under project-specific, quote-based commercial arrangements.
TNB Renewables firmographics
Firmographics- Name
- TNB Renewables
- Legal name
- TNB Renewables Sdn Bhd
- Website
- https://tnbrenewables.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TNB Renewables Sdn Bhd (TRe) is a wholly owned subsidiary of Malaysian utility Tenaga Nasional Berhad that develops, owns, and manages renewable energy assets, primarily utility-scale solar plants, across Malaysia and Southeast Asia, supporting TNB's Net Zero 2050 aspiration.
- Ownership category
- akta.pro rank
TNB Renewables industry classification
Industry- Product category
- Renewable Energy Asset Development and Management
- NAICS
- Solar Electric Power Generation (221114), Electric Power Generation (22111)
- SIC
- Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Renewable Energy Infrastructure (FSAAAKAG)
- akta.pro secondary industries
- Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)
Keywords
Where TNB Renewables is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
TNB Renewables business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Renewable Energy Asset Development and Ownership: Developing, owning and managing renewable energy assets that are commercially viable, environmentally responsible and socially impactful. Revenue is generated through the operation and management of renewable energy plants including solar installations.
Distribution channels1 record
Marketing channels2 records
TNB Renewables product offering
Product offeringCore offering
TNB Renewables develops, owns, and manages renewable energy assets (with focus on solar power generation, including large-scale solar plants such as TNB Bukit Selambau 1 & 2) that are commercially viable, environmentally responsible, and socially impactful across Malaysia and Southeast Asia. The company supports the full project lifecycle from early-stage development and engineering through asset management and long-term value creation, and provides operational and financial performance optimization services for existing renewable energy plants.
Product overview
TNB Renewables Sdn Bhd is a wholly owned subsidiary of Tenaga Nasional Berhad (TNB), Malaysia's leading electricity utility. The company offers a portfolio of renewable energy solutions centered on developing, owning, and managing renewable energy assets across Malaysia and Southeast Asia. Their core offerings include renewable energy asset development and ownership, complemented by operational and financial performance optimization services for existing renewable energy plants. The company leverages strong technical expertise, financial strength, and market experience from the TNB Group to deliver sustainable energy solutions across the full project lifecycle from early stage development and engineering to asset management and long-term value creation.
Differentiator
Problem solved
Functional benefit
Products and services
- Renewable Energy Asset Development and Ownership TNB Renewables develops, owns, and manages renewable energy assets that are commercially viable, environmentally responsible, and socially impactful across Malaysia and Southeast Asia, with a focus on solar power generation including large-scale solar installations.
- Operational and Financial Performance Optimization for Renewable Energy Plants For operators of already operational renewable energy plants, TNB Renewables provides services to optimize operational and financial performance, drive increased economies of scale, and help clients reach their strategic objectives.
Companies that use TNB Renewables
Customer profileSegments2 records
Ideal customer profiles1 record
TNB Renewables technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TNB Renewables partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Tenaga Nasional Berhad (TNB)coreTNB Renewables is a wholly owned subsidiary of Tenaga Nasional Berhad, Malaysia's leading electricity utility company. The company leverages TNB's deep industry knowledge, strong market intelligence, proven best practices built over decades of power sector leadership, and close relationships with suppliers, contractors and stakeholders. TNB Renewables supports TNB's Net Zero 2050 aspiration.
Scale indicators1 record
Recent moves5 records
Expansion highlights5 records
TNB Renewables competitors and assessment
Company assessmentDirect peers
- Scatec ASA: Norwegian renewable energy developer, owner, and operator specializing in solar, wind, and storage IPP projects across emerging markets. Competes with TNB Renewables in Southeast Asia for utility-scale solar tenders and follows a similar develop-and-own model.
- Solarvest Holdings Berhad: Leading Malaysian solar PV specialist covering C&I rooftop, residential, and large-scale solar development. Competes with TNB Renewables for the same Malaysian solar project pipeline and PPA opportunities, with a strong development and EPC focus.
- Voltalia: French renewable energy IPP operating across wind, solar, and storage with development, construction, and asset management capabilities. Direct comparable in the integrated renewable IPP model targeting emerging markets including Southeast Asia.
- Cypark Resources Berhad: Malaysian integrated renewable energy developer, owner, and operator with solar, biogas, and waste-to-energy assets. Direct competitor in Malaysia's Large Scale Solar tenders and corporate renewable PPAs, serving the same utility-scale market as TNB Renewables.
Broad incumbents
- ENGIE Renewables: Global utility and renewable energy developer with significant presence in Asia-Pacific. Competitor for large-scale solar and corporate PPA opportunities across Southeast Asia, with substantially deeper capital resources and a broader technology portfolio than TNB Renewables.
- ACWA Power: Large international IPP with a substantial renewable energy and desalination portfolio across the Middle East, Africa, and Asia. Active bidder in Southeast Asian LSS and tender processes, representing a well-capitalized foreign competitor to TNB Renewables.
Emerging players
- Cleantech Solar: Asia-Pacific focused solar PPA provider delivering behind-the-meter and front-of-meter solutions across Southeast Asia including Malaysia. Comparable as a regional solar developer competing for corporate and utility customers in the same geographies.
- ib vogt GmbH: Germany-headquartered solar IPP and developer with a growing presence in Asia-Pacific. Active bidder in Malaysian and Southeast Asian utility-scale solar tenders, making it a focused direct competitor in the same project pipeline.
Regional players
- Edra Power Holdings: Malaysian-headquartered independent power producer with an international portfolio of thermal and renewable generation assets, also associated with the broader TNB/MMC group. Sister-company comparable with overlapping Malaysian power industry exposure and similar utility-affiliated business model.
- Gunkul Engineering PCL: Thai renewable energy and electrical equipment company that develops, owns, and operates solar, wind, and biomass projects. Regional Southeast Asian peer with similar develop-own-operate model, though focused primarily on the Thai market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
TNB Renewables social profiles
Digital presenceTNB Renewables compliance and trust
Trust signalCompliance1 record
TNB Renewables financial estimates
Financial estimateRevenue estimate
Valuation estimate
TNB Renewables leadership team
Management profileNumber of profiles
Profiles7 records
TNB Renewables funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TNB Renewables M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TNB Renewables
What does TNB Renewables do?
TNB Renewables develops, owns, and manages renewable energy assets (with focus on solar power generation, including large-scale solar plants such as TNB Bukit Selambau 1 & 2) that are commercially viable, environmentally responsible, and socially impactful across Malaysia and Southeast Asia. The company supports the full project lifecycle from early-stage development and engineering through asset management and long-term value creation, and provides operational and financial performance optimization services for existing renewable energy plants.
Is TNB Renewables a public or private company?
TNB Renewables is a private company. It is classified as corporate owned and is currently operating.
When was TNB Renewables founded?
TNB Renewables was founded in -1. It employs 11 to 50 people.
Where is TNB Renewables based?
TNB Renewables is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
How does TNB Renewables make money?
One revenue line is on record: renewable Energy Asset Development and Ownership.
Who are TNB Renewables's main competitors?
Direct peers on record are Scatec ASA, Solarvest Holdings Berhad, Voltalia and Cypark Resources Berhad. Broad incumbents are ENGIE Renewables and ACWA Power. Emerging players are Cleantech Solar and ib vogt GmbH. Regional players are Edra Power Holdings and Gunkul Engineering PCL.
Does TNB Renewables have an API?
No public API is recorded for TNB Renewables.
What industry is TNB Renewables in?
TNB Renewables's product category is Renewable Energy Asset Development and Management. Its primary akta.pro industry code is FSAAAKAG, Renewable Energy Infrastructure, with a secondary code of EUAMAGAJ, Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence). Its NAICS code is 221114 and its SIC code is 4900.