Baiduri Bank has strengthened its role in Brunei Darussalam’s renewable energy landscape by financing the development of a 12-megawatt peak (MWp) ground-mounted solar photovoltaic plant at Sungai Liang Industrial Park (SPARK). The project marks the Bank’s second solar financing initiative, reinforcing its growing capabilities in sustainable infrastructure funding.

The facility, developed by Hibiscus Petroleum, will supply renewable electricity to the Low-Pressure Compressor (LPC) facility at the Onshore Processing Plant (OPP) owned by the Block B Maharajalela Jamalulalam Joint Venture. Once operational, the solar plant is expected to enhance energy efficiency, reduce operational emissions, and provide a more reliable and sustainable power source for industrial activities.

The groundbreaking ceremony was officiated by Yang Mulia Dato Seri Paduka Awang Haji Mohamad Azmi bin Haji Mohd Hanifah, Deputy Minister (Energy) at the Prime Minister’s Office, underscoring the importance of coordinated public-private collaboration in advancing Brunei’s renewable energy agenda.

This financing builds on Baiduri Bank’s first major renewable energy milestone in 2025, when it signed on as sole financier for Brunei Darussalam’s first utility-scale solar photovoltaic power plant with a 30-megawatt (MW) capacity in Kg Belimbing. The landmark project established the foundation for large-scale solar deployment in the country and positioned the Bank at the forefront of sustainable infrastructure financing.

Commenting on the development, Ti Eng Hui, Chief Executive Officer of Baiduri Bank, said:
“As Brunei advances its energy transition, financing solutions must evolve alongside national ambition. Supporting our second solar project reflects our growing experience in renewable infrastructure and our commitment to enabling commercially viable, lower-carbon energy solutions. These projects demonstrate how responsible financing can support industrial resilience while contributing to the country’s long-term sustainability goals.”

The initiative aligns with Brunei Darussalam’s target of increasing renewable energy capacity to at least 30% of total installed power generation capacity by 2035 under the Brunei National Climate Change Policy (BNCCP).

Baiduri Bank’s sustainability approach is guided by Baiduri Greenprint, its framework structured around three pillars — People, Process, and Planet — ensuring sustainability considerations are embedded into financing decisions, operational practices, and stakeholder partnerships.