TotalEnergies and MK Land Holdings Berhad have achieved financial close for a 30 MWac (approximately 50 MWp) solar power project in Kulim, Kedah, Malaysia, marking a key milestone under the country’s Corporate Green Power Programme (CGPP).
The project was awarded by the Malaysian Energy Commission in August 2023 to TotalEnergies, which holds a 49 percent stake, and Solar Citra Sdn. Bhd., a subsidiary of MK Land Holdings Berhad, which holds the remaining 51 percent stake. Construction is set to commence following the issuance of the Notice to Proceed.
According to the companies, the solar facility will supply its full electricity output under 21-year long-term Power Purchase Agreements (PPAs) to major technology and industrial customers in Malaysia. The project is expected to support growing demand for renewable electricity among industrial consumers while contributing to the country’s clean energy and decarbonisation targets.
The solar plant will feature around 80,000 photovoltaic panels installed across 115 acres of land. The development also includes a new 132 kV loop-in-loop-out (LILO) substation aimed at strengthening Malaysia’s grid interconnection infrastructure.
Gregory Thomassin, Head of Business Development, Renewables APAC at TotalEnergies, said the project aligns with the company’s strategy to expand renewable energy development in Malaysia while supporting industrial customers with tailored clean energy solutions.
The project financing facility, valued at approximately MYR145 million (around $37 million), was arranged by BNP Paribas Malaysia Berhad as the sole mandated lender.
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