Blueleaf Energy and Universal Peak achieve financial close for 100 MW/400 MWh BESS project in Malaysia

Type: Financing · Technology: Storage · Country: Malaysia · Capacity: 100 MW · Announced: 2026-09-01

Blueleaf Energy and Universal Peak Sdn Bhd have secured financing from United Overseas Bank (UOB) for their 100 MW/400 MWh utility-scale battery energy storage system (BESS) project in Malaysia. The project, developed under Malaysia's inaugural Battery Energy Storage System (MyBeST) program, is being built by BKHM BESS Sdn Bhd, a joint venture between Blueleaf Energy and Universal Peak, under a build-own-operate (BOO) model. Commissioning is scheduled for mid-2027, with the facility expected to enhance grid reliability and flexibility and support renewable energy integration. This financial close marks a material milestone for Blueleaf Energy in executing renewable energy infrastructure projects across Asia.

Analysis

Blueleaf Energy and Universal Peak Sdn Bhd achieved financial close for their 100 MW/400 MWh BESS project in Malaysia, securing financing from United Overseas Bank (UOB). Singapore-based Blueleaf Energy operates as a global renewable energy developer and IPP with over 2 GW of solar and battery storage projects in operation or construction. The project, developed under Malaysia's inaugural Battery Energy Storage System (MyBeST) program, is being built by BKHM BESS Sdn Bhd under a build-own-operate (BOO) model. Commissioning for the Malaysian BESS facility is scheduled for mid-2027.

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