Renewable energy and solar farms are the way of the future.

Investment holding group, VSolar Group Bhd has signed a memorandum of understanding with Universiti Teknologi Malaysia (UTM) to cooperate in research and development (R&D) and commercialisation programmes in solar energy.

Representing the company at the signing ceremony was executive chairman Datuk Manan Md Said and executive director Leung Kok Keong, while UTM’s representative was its deputy vice-chancellor (Research and Innovation) Prof Dr Ahmad Fauzi Ismail.

VSolar said it would be looking into conducting extensive research and development of solar and photo-voltaic technologies with a view to commercialising them.

“Looking forward, the intention is to expand, tapping into the potential of these technologies to create a Renewable Energy Initiative,” it said in a statement.

Vsolar, which operates as an investment holding company, is involved in renewable energy, media publishing, software solutions and production house.

Its activities include design and development of business application software, online game development and publishing, provision programming, solution and application services, as well as the provision of online media, game development and advertisement.

The company, founded in 2003, has its headquarters in Petaling Jaya.