Maybank Backs Altervim’s Malaysian Solar Push with Inaugural Green Loan

Maybank has announced its role as the sole bilateral lender for the first green loan issued by Altervim, the renewable energy arm of Thailand’s Charoen Pokphand (CP) Group, marking the company’s clean energy debut in Malaysia.

The green financing facility will support rooftop solar installations across 28 Lotus’s Malaysia retail branches. The initial rollout is expected to deliver up to 20 megawatts (MW) of installed solar capacity, generating approximately 24.7 million kilowatt-hours (kWh) of clean electricity annually. Over the project’s lifetime, it is projected to offset nearly 433,958 tonnes of carbon dioxide emissions.

Maybank stated that the financing aligns with its Sustainable Product Framework and reinforces its regional commitment to accelerating the energy transition across Southeast Asia.

“We have a longstanding relationship with CP Group in the region and a shared vision of accelerating the transition to a low-carbon economy,” said John Chong, Group CEO of Global Banking at Maybank. “This partnership with Altervim also complements Malaysia’s national agenda to expand renewable energy adoption.”

The move marks a significant step for both Maybank and CP Group in supporting Southeast Asia’s clean energy ambitions, as countries across the region ramp up efforts to achieve net-zero targets.