BM GreenTech Berhad acquires 100% equity in NEFIN V Power Sdn Bhd to develop 29.99 MWac solar project

Type: Acquisition · Technology: Solar · Country: Malaysia · Capacity: 29.99 MW · Announced: 2026-07-06

BM GreenTech Berhad completed the acquisition of 100% equity in NEFIN V Power Sdn Bhd, gaining control of the CGPP Project SPV to develop a 29.99 MWac utility-scale solar project in Malaysia. The project is expected to generate approximately 60,000 MWh of electricity annually upon completion in 2027, significantly reducing carbon emissions. This acquisition marks BM GreenTech Berhad's strategic entry into the utility-scale renewable energy segment, diversifying its revenue streams beyond its existing operations. The solar project will contribute to Malaysia's renewable energy targets and support the country's transition toward cleaner energy sources. No financial terms of the acquisition were disclosed in the announcement.

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