Brookfield, a leading global investment firm headquartered in Canada, has signed a Joint Investment Framework Agreement with Malaysian clean energy company Solarvest Holdings Bhd to jointly develop, construct, and operate at least 1.5 GW of utility-scale solar and battery energy storage projects in Malaysia. Brookfield manages one of the world’s largest and most diversified renewable power and transition asset portfolios, with over 270 GW of operational and development capacity.
This partnership with Solarvest represents Brookfield’s first investment in Malaysia through its Catalytic Transition Fund, which is the firm’s primary vehicle for investing in and accelerating decarbonization projects in emerging markets worldwide. Malaysia was chosen for this collaboration due to its strong position as a renewable energy market in Southeast Asia, supported by robust demand and favorable policy frameworks.
Under the agreement, Solarvest will contribute its local development expertise and proven execution track record, having developed more than 2.3 GW of solar PV projects across Malaysia. Brookfield will provide large-scale capital, access to global and regional corporate offtake relationships, and operational expertise, enabling the partnership to deliver high-impact renewable energy solutions.
Daniel Cheng, Head of Renewable Power & Transition for Asia Pacific at Brookfield, stated that Malaysia is emerging as a regional leader in clean energy, driven by ambitious national targets and growing demand from utilities and corporates, including data centers and semiconductor manufacturers. He emphasized Brookfield’s commitment to deploying significant capital in Malaysia to support decarbonization initiatives and provide clean energy solutions to key corporate and hyperscale customers.
Dato’ Davis Chong, Executive Director and Group CEO of Solarvest, said the partnership marks an important milestone for Solarvest in advancing Malaysia’s low-carbon transition. He highlighted that combining Solarvest’s expertise with Brookfield’s financial strength and global network will enable the delivery of impactful renewable energy projects, strengthen energy security, and support the region’s path toward carbon neutrality. The collaboration also opens opportunities for Solarvest to expand its presence across the region and meet the growing demand for sustainable energy solutions.
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