TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announce participation in CRESS projects totaling ~4 GW

Type: Development · Technology: Solar · Country: Malaysia · Capacity: 4 GW · Announced: 2026-03-09

TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announced plans to develop approximately 4 GW of solar projects under Malaysia's Corporate Renewable Energy Supply Scheme (CRESS) as of early 2026.

Analysis

The Corporate Renewable Energy Supply Scheme (CRESS) in Peninsular Malaysia has attracted a substantial 4 GW of solar development commitments from a diverse consortium of five prominent Malaysian entities, announced in early 2026. This collective participation by TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest signals a significant shift towards corporate-driven renewable energy procurement within the country. The CRESS framework enables direct energy supply agreements between renewable generators and corporate off-takers, offering a new commercial pathway for large-scale solar deployment beyond traditional utility power purchase agreements. For these developers, securing a share of 4 GW under CRESS provides a substantial pipeline in their home market, leveraging the growing demand for green energy from Malaysian corporations. This development stage commitment underscores the commercial viability perceived by major players for the CRESS mechanism in Peninsular Malaysia. Each participating entity brings distinct capabilities to the 4 GW CRESS solar development. TNB Renewables, as a wholly-owned subsidiary of Malaysia's national utility Tenaga Nasional Berhad, reinforces the national commitment to expanding renewable energy assets. Gentari, a Petronas subsidiary, already operates over 1.2 GW of renewable energy capacity across Malaysia and India, and this 4 GW commitment directly contributes to its ambitious target of 30-40 GW by 2030. Gamuda Berhad, established in 1976, leverages its extensive experience in large-scale infrastructure and construction for these solar projects in Peninsular Malaysia, diversifying its portfolio. UEM Lestra, an EPCC company with over 30 years of experience in renewables, will likely play a crucial role in the engineering and construction phases. Solarvest Holdings Berhad, an integrated solar developer and EPC contractor based in Malaysia, further solidifies its market position by expanding its development and construction footprint within Peninsular Malaysia.

Key points

Counterparties

Source article