Investment firm Brookfield and Solarvest Holdings plan to jointly develop and operate at least 1.5GW of utility-scale solar and battery energy storage projects in Malaysia.
The partnership with Malaysian-listed solar company Solarvest marks the first investment in Malaysia for Brookfield’s Catalytic Transition Fund, which invests in clean energy and transition assets in emerging markets.
Daniel Cheng, Brookfield’s head of renewable power and transition for Asia Pacific, said: ”Malaysia is emerging as a regional leader in clean energy, underpinned by ambitious national targets and surging demand from both utilities and corporates given the country’s growing role as a hub for data centres and semiconductor manufacturing.
“Brookfield is committed to deploying significant capital into Malaysia, where these strong market fundamentals align with our capabilities to deliver power and decarbonisation solutions to large corporates, hyperscalers and other key customers globally. We look forward to working with Solarvest to help advance Malaysia’s decarbonisation agenda and meet the national and regional need for green energy.”
Davis Chong, Solarvest’s executive director and group CEO, said: “By combining our proven expertise and innovation with our partner’s strong global network and financial strength, we are uniquely positioned to deliver impactful renewable energy solutions that will drive Malaysia’s decarbonisation agenda in line with the National Energy Transition Roadmap.
“Beyond Malaysia, this collaboration also enables us to expand our regional footprint, meeting the growing demand for sustainable power. Together, we aim to create lasting value by advancing clean energy adoption, strengthening energy security, and supporting the region’s journey towards carbon neutrality,” said Chong.
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