TNB Renewables (a subsidiary of Tenaga Nasional Berhad), Luminous Aspect (a subsidiary of IOI Corporation), and CSP 500MW (a consortium of SMEs) have signed a joint venture agreement to develop a 500 MW solar PV project with a 250 MW/1 GWh BESS in Bahau, Negeri Sembilan, Malaysia (IOI press release, 03/11/2026).
The project is planned for development through Bahau Energy Ventures under the Corporate Renewable Energy Supply Scheme (CRESS). TNB Renewables will hold a 70% stake in the venture, while Luminous and Consortium of SMEs will hold 25% and 5% respectively.
According to the press release, the project will be supported by TNB’s long-term renewable energy offtake agreement with DayOne Data Centres to procure up to 500 MW over 21 years to supply its data centre operations in Malaysia.
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