Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a Southeast Asia–anchored technology company focused on AI-powered enterprise solutions and digital transformation, today announced that its subsidiary, Tadaa Technology Sdn Bhd ("Tadaa"), has entered into a strategic partnership with Kainan Sdn Bhd ("Kainan") to provide AI-enabled technology solutions for a proposed US$367 million solar farm development spanning approximately 1,000 acres with a planned capacity of 360 megawatts ("MW"). The project is intended to supply renewable energy to a data centre under a 25-year power supply arrangement.
The project marks Tadaa’s expansion into large-scale renewable-energy technology and provides a long-term commercial framework for the deployment. Upon full deployment, Tadaa is targeting approximately US$7.3 million in annual technology-related revenue from the project.
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