Infrastructure & PPPs in Malaysia - Q3 2025 Update

YOG INFRA
Oct 14
16 min read

YOG INFRA Q3 2025 insight series

MALAYSIA is increasingly sought after by international developers and investors for development of energy and transport infrastructure. We see large renewable energy projects being planned in the country, including solar, floating solar, BESS projects. There is also a conitnued focus on water, transport and urban infra projects. We also observe that government is providing pro-active policy and regulatory incentives to attract private sector for such projects, including use of PPPs.

Read the key developments in Infrastructure and PPPs in Malaysia in our latest insight for the country.

JULY 2025

PBAPP LAUNCHES RM 5 BN SUKUK BACKED BY UOB AND MAYBANK FOR PENANG WATER PROJECTS

United Overseas Bank (UOB) Malaysia and Maybank Investment Bank (Maybank IB) have been appointed as joint lead arrangers and managers for Perbadanan Bekalan Air Pulau Pinang’s (PBAPP) RM 5 Bn (USD 1.18 Bn) sukuk programme. The funds will support long-term water infrastructure and sustainable development efforts in Penang under PBAPP’s Water Contingency Plan 2030. Maybank IB also acted as the sole sustainability structuring adviser, ensuring alignment with both local and international sustainable finance standards.

PBAPP, a subsidiary of PBA Holdings Bhd with majority ownership by the Penang government, becomes the first state-linked agency in Penang to launch both a sukuk programme and a sustainable finance framework. The sukuk, structured under a Shariah-compliant wakalah model, has received a AAA/Stable rating from RAM Ratings and a gold sustainability rating. The funding will cover capital and operational expenses, refinancing, and green and social initiatives aimed at ensuring water security amid rising demand and climate challenges.

TERENGGANU RAMPS UP CLEAN ENERGY PUSH WITH 1,000 MW SOLAR-HYDROGEN PROJECT

Terengganu is positioning itself as Malaysia’s renewable energy hub through a major solar-hydrogen initiative led by PETRONAS, in partnership with Tenaga Nasional Berhad (TNB) and Terengganu Incorporation. The key project is the Kenyir Hybrid Floating Solar Farm, which will generate up to 1,000 MW of solar power. Half of this capacity will supply the state’s first green hydrogen hub, reinforcing Terengganu’s shift from a fossil fuel-based economy to sustainable energy production.

The initiative aligns with PETRONAS’s broader strategy to expand local renewable capabilities while building future-ready energy infrastructure. Beyond large-scale infrastructure, PETRONAS is advancing local capacity-building and environmental stewardship in the state. Key initiatives include:

PETRONAS Energy Transition Academy at the INSTEP campus, designed to train the future workforce for low-carbon industries.
The Vendor Development and Financing Programme, which has distributed over RM 342 Mn (USD 80.81Mn) to 54 Terengganu-based companies since 2018, and actively supports 10 local vendors under its Bumiputera development scheme
Marine conservation programmes such as Rigs-to-Reef and Tubular-to-Reef, which have led to a 30% increase in fish biodiversity, a 10% annual rise in nutrient levels, and the identification of 42 marine species around artificial reef installations near Pulau Kapas

PRASARANA DEPLOYS FINAL DIESEL BUS FLEET AHEAD OF EV SHIFT

Prasarana Malaysia Bhd has rolled out 310 new diesel buses under its 2025 Bus Replacement Programme, marking the last diesel-powered addition to its fleet before a full transition to electric buses by 2037. The move is a step toward creating a low-emission public transport system aligned with national sustainability goals.

The new buses meet Euro 5 emission standards and will be gradually introduced on high-demand routes in the Klang Valley and Penang. The local assembly supports job creation, technology transfer, and strengthens the Malaysian automotive ecosystem.

The government has already begun preparing for the electric transition by planning charging infrastructure, technical training, and maintenance capacity. The Prasarana’s alignment with national plans like the National Energy Transition Roadmap and the Low Carbon Mobility Blueprint and encouraged public-private collaboration to support the move toward sustainable, accessible transport.

TNB LAUNCHES FLOATING SOLAR PILOT PROJECT

Tenaga Nasional Bhd (TNB) has launched a 100-kW floating solar pilot project at Kenyir Lake, Southeast Asia’s largest man-made lake, with ambitions to scale up to 2.2 GW of capacity. The Hybrid Hydro Floating Solar (HHFS) initiative aims to demonstrate how up to 10% of the lake’s surface—equivalent to 3,690 hectares—could be used for solar energy generation without ecological disruption.

The pilot, spanning 1,085 square metres and housing 220 solar PV modules, is part of a broader 2.5 GW hybrid solar-hydro plan. TNB’s strategy combines daytime solar generation with hydroelectric energy storage to stabilise the grid and meet fluctuating demand. TNB Genco Sdn Bhd, in partnership with state investor Terengganu Incorporation, is leading the pilot. The project also supports green hydrogen production in Kertih, in collaboration with Petronas.

PETRA ALLOCATES RM 260 MN FOR POWER INFRASTRUCTURE IN SABAH AND LABUAN

The Ministry of Energy Transition and Water Transformation (PETRA) has allocated over RM 260 Mn (USD 61.43 Mn) for seven major energy infrastructure projects across Sabah and Labuan in Malaysia. These initiatives aim to enhance electricity reliability for more than 60,000 users and support regional integration under the ASEAN Power Grid initiative.

Projects are being implemented by the Sabah Electricity Supply Special Project Team (PPKBES) and include substation upgrades, transmission line expansion, and modern monitoring systems across locations like Sipitang, Beaufort, Kota Kinabalu, Sandakan, and Labuan. One key development is the Kota Kinabalu Main Intake Substation (PMU KKBU) upgrade, which replaces ageing systems and improves power supply to the international airport.

The Seven Projects are listed below:

PMU 132/33 kV Kota Kinabalu (KKBU)
Labuan-Sipitang 132kV Interconnection (Phase 1: Beaufort PMU Upgrade to 275kV) – Package 2
Ranau 33/11kV Main Distribution Substation (PPU)
Batu Sapi 33/11kV PPU
Protection On-Line Monitoring Project
UMS 132/33/11kV PMU
11kV Reinforcement System in Labuan

PENANG AIRPORT EXPANSION TO FINISH BY MID-2028

Malaysia Airports Holdings Bhd (MAHB) confirmed that the Penang International Airport (PIA) expansion will be completed by June 2028. The RM 1.55 Bn (USD 366.25 Mn) project will increase the airport’s annual passenger handling capacity from 6.5 million to 12 million. The project is being carried out in three phases: Phase One, which includes relocating government agency offices such as the Civil Aviation Authority of Malaysia and the Malaysian Meteorological Department. Phase Two, focusing on apron expansion, is also in progress. Meanwhile, Phase Three, which involves the main terminal expansion, is in the final design stage.

The expansion is not only expected to ease current congestion but also to position Penang as a more competitive regional hub, particularly as the island continues to see growth in tourism, business travel, and industrial activity. The airport plays a vital role in Penang’s broader economic ecosystem, and the upgrade will ensure it is equipped to support the state’s long-term development goals.

While the focus remains on Penang, MAHB is also moving forward with upgrades at other key airports. These include expansion plans for Kota Kinabalu International Airport, and improvement works at tier-two airports such as Tawau, Miri, and Kota Bharu.

MALAYSIA–JAPAN HYDROGEN CORRIDOR MOVES FORWARD

Malaysia and Japan are moving forward with a large-scale green hydrogen corridor, positioning Sarawak as a key regional export hub and Japan as a major clean energy importer. The partnership is focused on establishing a robust hydrogen supply chain using Sarawak’s hydropower resources, with green hydrogen set to be exported to Japan via advanced hydrogen carriers such as methylcyclohexane (MCH) and ammonia.

The project aims to supply up to 240,000 tonnes of green hydrogen annually by 2035. The initiative also integrates carbon capture and storage (CCS) technologies to maintain low emissions, with Malaysia’s M3 offshore site identified for carbon storage. With Japan targeting 3 million tonnes of hydrogen consumption by 2030, the corridor represents a strategic shift from fossil fuel trade to long-term green energy cooperation.

In the Front-End Engineering Design (FEED) phase, the project has received high-level support from Malaysian and Japanese leadership. It is expected to begin commercial operations by 2030, driving job creation, private investment, and a transition to a low-carbon economy across the region.

YTL POWER AND NVIDIA LAUNCH RM 10 BN AI INFRASTRUCTURE PROJECT IN MALAYSIA

YTL Power International and US-based Nvidia have entered a strategic partnership to develop a green-powered AI infrastructure project in Malaysia worth RM 10 Bn (USD 2.36 Bn). The initiative involves building AI data centres, deploying Nvidia’s high-performance graphic processing units (GPUs), and developing a sovereign large language model for Malaysia. The collaboration will also lead to the development of Malaysia’s own sovereign large language model (LLM), advancing national AI capabilities while strengthening digital sovereignty.

YTL Power, which is a subsidiary of YTL Corporation, will lead the buildout of the AI ecosystem in partnership with global technology firms, suppliers, and local contractors. The initiative spans France, Italy, Spain, the U.K. and several Nordic countries, with deployments of Nvidia’s new Blackwell platform forming the technological backbone of sovereign AI ambitions. Collectively, these projects are expected to deliver more than 3,000 exaFLOPS of compute capacity, enabling enterprises, startups and public sector institutions to securely develop and scale advanced AI models.

TOTALENERGIES ENEOS COMMISSIONS 680 KWP SOLAR PROJECT AT TECHNIPFMC MALAYSIA TO CUT 500 TONS OF CO₂ ANNUALLY

TotalEnergies ENEOS has completed the commissioning of a 680-kilowatt peak (kWp) rooftop solar photovoltaic (PV) system at TechnipFMC’s manufacturing facility in Nusajaya, Malaysia. The installation marks a significant milestone in TechnipFMC’s drive toward decarbonization and sustainable energy use across its operations in the Asia Pacific region.

The solar system, comprising more than 1,100 panels, is expected to generate approximately 915 megawatt-hours (MWh) of clean electricity annually. This will meet around 20% of the facility’s energy demand and is projected to reduce carbon emissions by approximately 500 tons each year.

The project required no upfront capital investment from TechnipFMC. TotalEnergies ENEOS fully financed, engineered, and installed the system and will be responsible for its ongoing operations and maintenance. Under the agreement, TechnipFMC will purchase the solar energy at a fixed rate, allowing for predictable and cleaner energy costs over the long term.

OCI, TOKUYAMA BREAK GROUND ON USD 435 MN POLYSILICON PLANT IN MALAYSIA

South Korea’s OCI Holdings and Japanese chemical company Tokuyama Corp have kicked off the construction of a new plant that will produce 10,000 tonnes of polysilicon per year on Malaysia’s Borneo Island. The partners announced they will execute the project through the OCI Tokuyama Semiconductor Material (OTSM) joint venture, to be set up by OCI Terrasus, a subsidiary of OCI Holdings, and Tokuyama. The overall investment is estimated at USD 435 Mn.

The new factory will be located within the Samalaju Industrial Park in the state of Sarawak. To be built on idle land owned by OCI, the facility will be the first polysilicon manufacturing base for semiconductor applications in Southeast Asia, making semi-finished products. The production base is planned to start initial operations in the first half of 2027, while its commissioning is scheduled for 2029.

OCI Holdings entered the Malaysian market in 2017 by acquiring a 100% stake in Tokuyama Malaysia. The South Korean company is present at the Samalaju site through OCIM, which operates a 20,000-tonne polysilicon factory that was bought from Tokuyama.

AUGUST 2025

PROPOSALS SUBMITTED FOR USD 1.65 BN RAPID TRANSIT PROJECT

Three consortia have submitted proposals to Malaysia’s Public Private Partnership (PPP) Unit (UKAS) for the development of the elevated Autonomous Rapid Transit (e-ART) system in Johor Bahru. The proposed e-ART project is a significant infrastructure initiative aimed at enhancing urban mobility in southern Johor, particularly in preparation for the Johor Bahru–Singapore Rapid Transit System (RTS), which is slated to begin operations in late 2026. Covering three primary corridors—Skudai, Tebrau, and Iskandar Puteri—the system will have Bukit Chagar as its central interchange. It is planned to feature 32 stations and carry an estimated cost of nearly RM 7 Bn (USD 1.65 Bn), with contract awards anticipated by the end of 2025.

To be eligible, prospective bidders must comply with UKAS requirements, which include holding a minimum of 30% Bumiputera equity, demo500 Mnng a net worth of at least RM 500 Mn (USD 117 Mn) over the past five years, securing RM 750 Mn (USD 176 Mn) in credit lines, and having completed a construction or transport project worth no less than RM 500 Mn (USD 117 Mn) within the last two decades.

The e-ART will operate as an elevated, driverless bus rapid transit (BRT) system, capable of transporting between 5,000 and 12,000 passengers per hour in each direction, depending on the configuration. This elevated design replaces an earlier at-grade BRT plan that was dropped due to concerns over potential traffic congestion.

GEO ALAM, SINOMA, CBMI SIGN MOU TO DEVELOP WASTE MANAGEMENT INFRASTRUCTURE IN MALAYSIA

Geo Alam Environmental Sdn Bhd has signed a memorandum of understanding with Sinoma International Environment Engineering Co Ltd (SIEE) and CBMI Construction Co Ltd to jointly develop integrated waste management facilities across Malaysia. The collaboration seeks to reduce reliance on landfills by processing municipal, industrial, construction and hazardous waste into alternative fuels and raw materials.

The parties will co-invest in and operate the facilities, with outputs potentially serving cement manufacturing and other industries. The facilities are expected to support decarbonisation and circular economy efforts by offering scalable, sustainable solutions.

IPOH SENTRAL PROJECT LAUNCHED TO BOOST CITY CONNECTIVITY

The groundbreaking of the Ipoh Sentral project, a landmark transit-oriented development (TOD) set to transform the city into a modern, sustainable hub with enhanced connectivity. With an estimated gross development value (GDV) of RM 6.25 Bn (USD 1.44 Bn), Ipoh Sentral combines elements of transportation, urban planning and sustainability in a single innovative initiative that promises to reshape city living in Perak.

Spanning some 27 hectares, the development will be rolled out in two phases over the next 20 years, beginning in 2025, under a partnership between Country Annexe Sdn Bhd (CASB) — a wholly-owned subsidiary of Malaysian Resources Corporation Bhd (MRCB) — and Ipoh Sentral Sdn Bhd (ISSB).

A core feature of the project is its ambition to become a vibrant mixed-use transit hub, integrating residential, commercial and public spaces to create a sustainable urban environment while reducing traffic congestion through efficient transport planning

BLUELEAF ENERGY AND CHEMSAIN SUSTAINABILITY SIGN MOU TO DEVELOP UP TO 3 GW OF RENEWABLE ENERGY PROJECTS IN SARAWAK

Blueleaf Energy, a leading pan-Asian renewable energy platform owned by a fund managed by Macquarie Asset Management, and Chemsain Sustainability Sdn Bhd (Chemsain), an established Malaysian sustainability advisory firm signed a Memorandum of Understanding (MoU) to collaborate on the potential development of up to 3 GW of onshore utility-scale renewable energy projects in Sarawak, Malaysia.

The partnership aims to accelerate Malaysia’s clean energy transition by leveraging Blueleaf Energy’s global expertise in renewable energy development and financing, and Chemsain’s deep local knowledge of the regulatory landscape and sustainability frameworks. The collaboration is a strategic move to support the ambitious goals outlined in Malaysia’s National Energy Transition Roadmap (NETR) and Sarawak’s Post Covid-19 Development Strategy (PCDS) 2030.

The collaboration will be focused on onshore utility-scale projects, utilizing proven technologies such as solar photovoltaic (PV) and battery energy storage systems (BESS). The two companies are committed to exploring project opportunities over a two-year period, with the goal of helping Sarawak establish itself as a leader in clean energy production and sustainable development.

GAMUDA, GENTARI TO DEVELOP 1.5 GW SOLAR AND BESS PORTFOLIO FOR DATA CENTRES

Gentari has partnered with Gamuda for the development of 1.5 gigawatts (GW) of solar photovoltaic power plants paired with battery energy storage systems (BESS). The project will be implemented through Gentari Renewables Sdn Bhd, and Gamuda Energy Sdn Bhd. The new capacity is intended to meet the energy demands of strategic hyperscale data centre players which allows corporations to directly procure renewable power while paying grid access charges.

Gamuda has been expanding its energy and data centre portfolios, with projects including the 197.5 MW Ulu Padas Hydroelectric Dam in Sabah and a 390-acre data centre campus near Kuala Lumpur. Gentari, the clean energy arm of Petronas, is building a global renewable portfolio exceeding 8 GW and is actively targeting the data centre and telecommunications sectors as key offtakers.

An equal split of 750 MW of solar and 750 MW for storage systems, the total engineering, procurement, construction and commissioning (EPCC) scope of work for Gamuda may come up to between RM 3 Bn (USD 630 Mn) and RM 3.75 Bn (USD 787.5 Mn).

SEPTEMBER 2025

MALAYSIA APPROVES 1,975 MW OF NEW SOLAR PROJECTS

The Ministry of Energy Transition and Water Transformation of Malaysia has approved 13 large-scale solar (LSS) power projects with a combined capacity of 1,975 GW, accelerating the country’s energy transition. Among the approved projects is a 200 MW floating solar facility. All projects are expected to commence operations between 2027 and 2028, significantly reshaping Malaysia’s power supply landscape.

The approval follows the fifth round of the LSS program, launched in January 2025 by the Energy Commission to award contracts totalling 2,000 MW. Since the first LSS program in 2016, Malaysia has approved solar projects with a cumulative capacity of 4,263 MW. As of June 2025, total installed solar capacity exceeds 3 GW, with solar energy driving renewable energy growth in the country.

The ministry emphasized that these projects would support national renewable energy targets, aiming to increase the share of renewable energy to 70% by 2050. The development of these projects is expected to boost clean energy supply, reduce dependence on traditional energy sources, promote related industries, and generate employment opportunities.

The programme offered two packages: conventional solar power plants of 30MWac to 500MWac, with a total quota of 1,500MWac and solar plants on bodies of water of 10MWac to 500MWac, with a total quota of 500MWac. Bidders were required to have at least 51% local ownership.

The list of approved developers includes Equinox Solar Farm Sdn Bhd; Abu Dhabi Future Energy Company PJSC (Masdar), Citaglobal Renewable Energy Sdn Bhd and TIZA Global Sdn Bhd Consortium; Fabulous Sunview Sdn Bhd and Cypark Renewable Energy Sdn Bhd Consortium; Malakoff Corporation Bhd and Solarvest Holdings Bhd Consortium; as well as Leader Energy Ventures Sdn Bhd.

PENANG REVIVES WATER TAXI PLAN TO EASE CONGESTION

The Government of Penang is revisiting its shelved water taxi project as part of efforts to address worsening congestion amid ongoing infrastructure development. The earlier plan was cancelled when the concessionaire failed to secure approval from the Transport Ministry. The state government now aims to expand the scope of the service by linking both the island and mainland, rather than limiting operations to the island alone.

The proposed network would connect key points such as Straits Quay, Swettenham Pier, Pulau Jerejak, and Batu Maung Transfer Station. Services could run at intervals of 15 to 45 minutes, with Rapid Penang buses providing onward connections. The initiative is intended to complement the upcoming Mutiara LRT, which is scheduled for completion by 2031.

The project also reflects Penang’s push for sustainable transport alternatives, leveraging its waterways to reduce reliance on private vehicles. Authorities believe the service could provide commuters with a reliable and scenic option for daily travel. Alongside transport improvements, the state is enhancing hillside safety measures, including installing sensors along Jalan Tun Sardon for landslide risk monitoring.

The RM 60 Mn (USD 13.2 Mn) project will be carried out in two phases and will upgrade and make use of the four existing piers, some of which had been underutilised. The pre-development and development cost of the project are RM 6.9 Mn (USD 1.518 Mn) and RM 53.1 Mn (USD 11.68 Mn).

BGRIM–RENIKOLA SECURES 618 MWP SOLAR CONTRACT IN MALAYSIA

B.Grimm Power (BGRIM) has expanded its renewable energy footprint via its reNIKOLA subsidiary by winning the rights to develop a 618 MWp solar project under Malaysia’s Large Scale Solar 5+ (LSS 5+) initiative—part of the National Energy Transition Roadmap (NETR). The initiative sustains Malaysia’s drive toward cleaner energy and strengthens BGRIM’s strategic renewable ambitions across Southeast Asia.

The project is split into two components in Kemaman, Terengganu:

Project 1: 386 MWp (250 MW PPA) by reNIKOLA with RE Chenderong Sdn Bhd and Anglo-Eastern.
Project 2: 232 MWp (150 MW PPA) by Antara Hijauan in collaboration with Anglo-Eastern. Both are set to begin operations in November 2027, with energy fed into Malaysia’s national grid for 21 years.

The project is aligned with BGRIM’s broader sustainable mission. Currently, BGRIM operates 4,155 MW of capacity and targets 10,000 MW by 2030. The direct investment is expected to exceed RM 1.3 Bn (USD 273 Mn), generating hundreds of new jobs and positioning Terengganu as a new “Green Economy Hub” for Malaysia.

MASDAR-LED CONSORTIUM TO BUILD SEA’S LARGEST FLOATING SOLAR PLANT IN MALAYSIA

A consortium led by Emirati renewable energy company Masdar has been selected to develop a 200-MWac/300-MWp floating solar power plant at the Chereh Dam in Pahang, Malaysia, marking the largest floating solar installation in Southeast Asia.

The project, awarded under Malaysia’s Large-Scale Solar (LSS) Cycle 5+ programme, will involve Malaysian partners Citaglobal and Tiza Global. It will span approximately 750 acres of water surface and supply electricity to over 100,000 homes annually.

Valued at MYR 850 Mn (USD 201.88 Mn), this is the first major initiative under the 10-GW renewable energy roadmap established in 2023 between Masdar and the Malaysian Investment Development Authority (MIDA). The Chereh Dam project will be Masdar’s largest floating solar venture, expanding its renewable portfolio beyond the 145-MW Cirata Floating PV plant in Indonesia.

The initiative underscores Malaysia’s commitment to scaling renewable energy capacity and leveraging innovative floing solar solutions to meet growing electricity demand while advancing sustainability goals.

MALAYSIA, CHINA COLLABORATES ON SMART CITY DEVELOPMENT

The Governments of Malaysia and China have agreed to strengthen cooperation on smart city development, focusing on pilot projects in the Malaysian cities of Ipoh and Seberang Perai. The initiative was discussed during a bilateral meeting, with both governments seeking to adapt China’s smart city platforms, such as Hangzhou’s City Brain and Shenzhen’s Smart City Data Platform, to Malaysia’s context.

The pilot projects will act as living laboratories for testing smart technologies, sustainable infrastructure, and innovative housing solutions. Plans include smart city command centres, IoT-based building management, energy-efficient systems, home automation, and smart metering. These will provide real-time data to improve resource use, reduce energy consumption, and enhance urban management practices.

Sustainability features will include solar energy adoption, water-saving systems, and waste separation and recycling facilities. Social inclusivity will be prioritised with family-centric housing layouts and elderly-friendly designs. Malaysia has also proposed an exchange programme for government officials from both countries covering urban planning, housing policy, and sustainable practices.

The collaboration is being aligned with Malaysia’s role as president of the UN-Habitat Assembly and regional mechanisms such as the ASEAN+3 Real Estate Conference, to be held in Kuala Lumpur in July 2026. The pilots in Ipoh and Seberang Perai are expected to provide replicable models for smart urbanisation across Malaysia.

KANEKA BREAKS GROUND ON FIRST BIOMASS STEAM PLANT IN MALAYSIA

Japan-based Kaneka has begun construction of its first biomass steam facility in Malaysia, partnering with renewable energy developer BAC Renewable Energy (BACRE). The groundbreaking took place at Kaneka Malaysia’s site in the Gebeng Industrial Estate, with the MYR 31 Mn (USD 7.36 Mn) plant scheduled to begin operations in the Q3 of 2026.

The facility, to be owned and operated by BACRE’s subsidiary BACRE Gebeng under a 20-year Steam Supply and Purchase Agreement, will supply Kaneka Malaysia with up to 30 tonnes per hour of renewable steam. The plant is expected to cut around 30,000 tonnes of CO₂ equivalent annually by replacing natural gas, with further reductions of 70,000 tonnes over ten years from methane avoidance in untreated palm residues.

The project contributes to Kaneka Malaysia’s net-zero 2050 target, including a 70% greenhouse gas (GHG) reduction goal by 2030. Delivery partners include Knight Frank Project Services (contractor), Boilermech Sdn Bhd (technology), Bank Islam Malaysia Bhd (finance), and Emnes (sustainability integration). Kaneka and BACRE highlighted the initiative as both an industrial decarbonisation milestone and a model for sustainable energy in Malaysia.

BROOKFIELD AND SOLARVEST TO DEVELOP 1.5 GW OF RENEWABLES IN MALAYSIA

Brookfield has signed a joint investment framework agreement with Malaysia’s Solarvest Holdings Bhd to develop, construct, and operate over 1.5 GW of solar and battery energy storage projects across the country. The initiative marks Brookfield’s first investment in Malaysia, made through its Catalytic Transition Fund, which focuses on accelerating decarbonisation in emerging markets.

The partnership combines Brookfield’s global renewable portfolio of 270 GW in operational and development capacity with Solarvest’s 2.3 GW of completed and ongoing solar projects in Malaysia. Brookfield will contribute large-scale capital and corporate offtake relationships, while Solarvest will provide local development expertise and execution capabilities.

Both firms highlighted Malaysia’s strong renewable market fundamentals, driven by rising demand from utilities, corporates, data centres, and semiconductor manufacturing. The collaboration supports the National Energy Transition Roadmap (NETR) and aims to expand Solarvest’s regional footprint while advancing Malaysia’s low-carbon and energy security goals.

List of key transactions - Malaysia Q3 2025

Source: YOG INFRA analysis

ABOUT YOG INFRA

Our objective is to drive economic growth and make positive social impact through sustainable infrastructure development.

YOG INFRA is an infrastructure focused financial advisory firm. We work with Developers and Development Finance Institutions (DFIs) and help them make informed investment decisions across infrastructure development lifecycle.

With our offices in Singapore, India and UAE, we work on projects globally, and the team brings strong experience in supporting development of infrastructure projects.

For more information about us, our service offerings and team, please visit www.yoginfra.com Contact us at info@yoginfra.com

#infrastructure #update #PPP #Malaysia