KUALA LUMPUR: Eco World Development Group Bhd has entered into a sale and purchase agreement with Deye New Energy Technology (Malaysia) Sdn Bhd to sell 13 hectares of industrial land for RM119 million.

The land is located at Eco Business Park II (EBP II) in Senai, Iskandar Malaysia.

Deye is part of Ningbo Deye Technology Co, a Chinese producer of power inverters, that has announced plans to invest up to US$150 million in a new manufacturing base for solar equipment in Malaysia.

“We are delighted to welcome Deye to EBP II. The signing today demonstrates the continued appeal of our Eco Business Parks to Chinese industrialists, particularly those in new economy, high-tech and high-growth sectors.

“As a leading manufacturer of comprehensive solar photovoltaic systems, Deye’s presence here perfectly aligns with our aims to work with companies that make a positive contribution to lowering our collective carbon footprint,” said EcoWorld Malaysia deputy chief executive officer Liew Tian Xiong.

He added that Deye’s decision to make such a sizeable investment in Iskandar Malaysia reflected the state’s success in attracting high-value-added, technologically advanced manufacturers to build up the country’s green supply chain.