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.
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Counterparts (5)
Developer
UEM Lestra
company
UEM Lestra Sdn Bhd is a Malaysian engineering, procurement, construction, and commissioning (EPCC) company, a subsidiary of UEM Group Berhad. With over 30 years of experience, it specializes in renewable energy (solar PV, biomass, hydro), waste-to-energy, and transmission & distribution projects, having completed over 300MW of renewable energy projects primarily in Malaysia.
G
Solarvest
company
Solarvest Holdings Berhad is a Malaysia-based integrated solar energy developer, engineering, procurement, construction (EPC) contractor, and asset owner. The company has developed and constructed over 600 MWp of solar projects across Malaysia and other Southeast Asian markets, with a workforce of 500-1000 employees.
G
Gamuda
company
Gamuda Berhad is a Malaysian engineering, construction, and infrastructure company established in 1976. It specializes in large-scale infrastructure projects, property development, and concessions, with significant operations across Malaysia, Australia, Singapore, Taiwan, and Vietnam.
T
TNB Renewables
company
TNB Renewables is a wholly-owned subsidiary of Malaysia's national utility, Tenaga Nasional Berhad (TNB), focused on developing, owning, and operating renewable energy assets. The company aims to expand its domestic and international renewable energy portfolio, primarily in solar, wind, and hydro, to support TNB Group's sustainability goals and Net Zero Emissions aspirations.
Deal Analysis
Five developers, led by national utility subsidiary TNB Renewables, are planning approximately 4 GW of new solar capacity under Malaysia's Corporate Renewable Energy Supply Scheme (CRESS). Announced in early 2026, this significant development push involves TNB's dedicated renewable energy arm, which focuses on owning and operating RE assets, alongside UEM Lestra, Gentari, Gamuda, and Solarvest. The collective 4 GW pipeline underscores a broad-based effort to expand solar generation across Malaysia.
- ~4 GW solar capacity planned
- Five developers involved, including TNB Renewables
- Projects under Malaysia's Corporate Renewable Energy Supply Scheme (CRESS)
- Announced early 2026
Source Intelligence
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Capacity
As of the start of 2026, publicly announced plans for CRESS projects total ~4 GW, with developers including TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announcing participation.
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Location
Malaysia’s Corporate Renewable Energy Supply Scheme (CRESS)... CRESS represents the next step in corporate power procurement in Peninsular Malaysia
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PPA Details
Under CRESS, an eligible corporate offtaker enters a long-term PPA with a renewable energy developer. Planned PPA tenors typically go up to 21 years, aligning with common project financing horizons.
PARTIES MENTIONED IN SOURCE
T
TNB Renewables
developer
"developers including TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announcing participation."
U
UEM Lestra
developer
"developers including TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announcing participation."
G
Gentari
developer
"developers including TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announcing participation."
G
Gamuda
developer
"developers including TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announcing participation."
S
Solarvest
developer
"developers including TNB Renewables, UEM Lestra, Gentari, Gamuda, and Solarvest announcing participation."
medium quality
Enriched Mar 9, 2026
Global Infrastructure Sherpa