Solarvest Secures RM 113 Million EPCC Contract for Solar Farm Development

Solarvest Holdings Berhad, Malaysia’s largest clean energy company, has been awarded a RM 113 million Engineering, Procurement, Construction, and Commissioning (EPCC) contract by P Solar Sdn Bhd. This significant partnership, part of the Corporate Green Power Programme (CGPP), marks a major step in Malaysia’s renewable energy sector.

Under the agreement, Solarvest will develop a 45 MWp solar farm in Mukim Pekan, Pahang. The project, expected to be completed by the end of 2025, is projected to generate approximately 57,500 MWh of clean energy annually. This output is equivalent to offsetting around 36,800 tonnes of CO2 emissions. The solar farm will cover 88 acres of repurposed land and will feature monsoon-resistant technology alongside advanced panels and inverters.

The project is anticipated to contribute nearly 60,000 Renewable Energy Certificates (RECs) to the market. These RECs are crucial for corporate consumers aiming to meet sustainability goals and reduce their carbon footprints. In addition to the current initiative, Solarvest and P Solar are exploring the integration of Battery Energy Storage Systems to further enhance the performance and reliability of the solar farm.

Tuan Haji Ahmad Puzi Bin ABD Wahab, Director of P Solar Sdn Bhd, expressed gratitude for the support from the State Government of Pahang and Perbadanan Kemajuan Negeri Pahang. He stated, “We are excited to kickstart the project in collaboration with Solarvest, Malaysia’s most trusted solar EPCC company. This project aligns with our goal of supporting Malaysia’s National Energy Transition Roadmap (NETR) and addressing corporate consumers’ clean energy needs while fulfilling their ESG commitments.”

Davis Chong Chun Shiong, Executive Director and Group CEO of Solarvest, highlighted the growing demand for RECs driven by investments in data centers and the semiconductor industry. He noted, “The increasing demand for RECs reflects the ambitious sustainability goals of many companies. The CGPP project allows investors like P Solar to contribute to the renewable energy infrastructure needed to meet future domestic demand.”

To date, Solarvest has successfully assisted clean energy investors in bidding for approximately 443.4 MWp of CGPP projects and is actively pursuing EPCC opportunities with potential revenues exceeding RM 714 million. Both companies are also exploring collaboration under the new Corporate Renewable Energy Supply Scheme (CRESS) to further boost Malaysia’s renewable energy capacity and support the national target of 40% renewable energy by 2050.