Solarvest Holdings Berhad secures RM1.06 billion financing for Malaysia’s largest LSS5+ solar project

Solarvest Holdings Berhad secured RM1.06 billion (approximately USD 230 million) in financing for Malaysia’s largest Large-Scale Solar 5 Plus (LSS5+) project, a 690 MWp solar facility. The project will supply annual electricity to 230,000 households, significantly enhancing Malaysia’s energy security by reducing reliance on volatile fuel prices. Scheduled for completion under the LSS5+ program, the facility is part of the nation’s energy transition strategy to diversify its renewable energy portfolio. The financing structure supports Malaysia’s goal of achieving 31% renewable energy capacity by 2025, addressing grid stability and energy management challenges. The LSS5+ program, a government-led initiative, aims to accelerate solar adoption through competitive bidding and long-term power purchase agreements.

Counterparts (2)

Offtaker

Malaysian government (via LSS5+ program)

company · 1 deals

Malaysian energy regulator established in 2001, overseeing electricity and piped gas supply industries in Peninsular Malaysia with a focus on reliability, safety, and market regulation.

Developer

Solarvest Holdings Berhad

company · 1 deals

Malaysia-based integrated solar energy provider developing over 2,000MW of solar projects across 8 Asia-Pacific countries, specializing in utility-scale solar farms, commercial and industrial rooftop systems, and expanding into battery storage, EV charging, and green hydrogen solutions.