VCI Global targets $200M in revenue over next 20 years from solar PV projects

VCI Global (VCIG) is setting a target to develop and acquire up to 100 megawatts of solar photovoltaic projects across Southeast Asia and Europe within the next five years. This expansion is expected to generate approximately $200 million in revenue over the next 20 years and significantly contribute to VCI Global’s long-term growth. As part of this initiative, VCI Global plans to source at least 70% of the 100 MW from projects in Malaysia, leveraging key government programs such as the Corporate Renewable Energy Supply Scheme. CRESS allows businesses to directly purchase green electricity from renewable energy developers. Through this initiative, VCI Global will supply renewable energy directly to its data center, further enhancing its energy independence while advancing its sustainability goals. In parallel, VCI Global will seek to acquire solar farms in Eastern and Southeastern Europe, targeting 30 MW of solar capacity in these expanding markets. This international expansion supports the Company’s strategy to capitalize on the increasing global demand for clean energy while strengthening its renewable energy portfolio.The total investment required for these solar initiatives is projected to be $50 million over five years, with an expected annual revenue of approximately $10 million over the next 20 years. This sustainable growth strategy will provide long-term, stable returns, reinforcing VCI Global’s commitment to clean energy and delivering value to shareholders.