Deals Counterparts

Solarvest secures MYR 89.5M EPCC contract for 36 MW solar project in Malaysia

Development Solar announced Kangar, Malaysia Mar 19, 2026
USD22.7M
Deal Value
36 MW
Capacity
development
Stage

Malaysia-based Solarvest Holdings Bhd secured an MYR 89.5 million (~$22.71 million) EPCC contract from Jubli Pasifik Sdn Bhd. The contract involves the development of a 36 MW (AC) utility-scale solar project located in Kangar, Perlis, under the LSS5+ program. This project will utilize Tier One N-Type PV modules and advanced inverter systems, with engineering optimized for Malaysia's tropical climate conditions. The solar plant is scheduled for commercial operation by February 26, 2028, and is projected to generate 68,550 MWh annually. Post-completion, AI-based monitoring systems will be deployed to support predictive maintenance and performance tracking for the facility.

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Deal Analysis

Solarvest Holdings Bhd secured an MYR 89.5 million (~$22.71 million) EPCC contract from Jubli Pasifik Sdn Bhd to develop a 36 MW (AC) utility-scale solar project in Kangar, Perlis, Malaysia. The project will use Tier One N-Type PV modules and advanced inverter systems, with engineering adapted to Malaysia's tropical climate. Commercial operation is scheduled for February 26, 2028, and the plant is expected to generate 68,550 MWh annually. AI-based monitoring systems will be deployed post-completion for predictive maintenance and performance tracking.
  • MYR 89.5 million (~$22.71 million) EPCC contract value
  • 36 MW (AC) capacity solar project in Kangar, Perlis, Malaysia
  • Commercial operation date: February 26, 2028
  • Annual generation projected at 68,550 MWh
  • Use of Tier One N-Type PV modules and AI-based monitoring systems

Source Intelligence

KEY DETAILS

The project will deploy Tier One N-Type PV modules and advanced inverter systems. Engineering design has been optimised for Malaysia’s tropical climate conditions. Post-completion, AI-based monitoring systems will support predictive maintenance and performance tracking. The project is under the LSS5+ program and is expected to offset 53,058 tons of emissions annually.

Deal Size
Malaysia based Solarvest Holdings Bhd secured an MYR 89.5 million (~ $22.71 million) EPCC contract from Jubli Pasifik Sdn Bhd.
Capacity
The contract covers a 36 MW (AC) utility-scale solar project in Kangar, Perlis under LSS5+.
Location
The contract covers a 36 MW (AC) utility-scale solar project in Kangar, Perlis under LSS5+.
Announcement
by Prudhvi Rani 19 Mar 2026 20:18 IST
COD
The plant is scheduled for commercial operation by February 26, 2028.
PARTIES MENTIONED IN SOURCE
S
Solarvest Holdings Bhd developer

"Malaysia based Solarvest Holdings Bhd secured an MYR 89.5 million (~ $22.71 million) EPCC contract from Jubli Pasifik Sdn Bhd."

J
Jubli Pasifik Sdn Bhd buyer

"Malaysia based Solarvest Holdings Bhd secured an MYR 89.5 million (~ $22.71 million) EPCC contract from Jubli Pasifik Sdn Bhd."

high quality Enriched Mar 20, 2026

Timeline

Announced
Mar 19, 2026
Signed
Closed

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