Malaysian clean energy company Solarvest Holdings has announced that it has secured the role of engineering, procurement, construction and commissioning (EPCC) contractor for a 690 MWp solar project in Malaysia through a wholly‑owned subsidiary (Renewables Now, 23/04/2026).
The project was selected under Malaysia’s Large Scale Solar 5 (LSS5+) programme and is set to become the largest utility‑scale development of its kind in the country, according to Solarvest. The company’s subsidiary Atlantic Blue obtained the EPCC contract from water and power producer Malakoff Corp via Malakoff Silver Solar. Malakoff Silver Solar is owned 80% by Malakoff and 20% by Solarvest. The solar park will be built in Larut and Matang in the state of Perak, with commercial operations targeted for the first quarter of 2028. Once operational, the power plant will have the capacity to generate up to 970 GWh/year of electricity, sufficient to supply approximately 230,000 households, or roughly 2% to 3% of Malaysia’s total electricity demand, according to Solarvest.
The company is preparing for the upcoming LSS6 programme, which is expected to incorporate battery energy storage systems.
The news follows Sunview Group’s announcement in early April 2026 that its consortium with Cypark Renewable Energy has secured development rights for a large‑scale floating solar project in the country. The project combines a 595 MW floating solar PV plant integrated with a battery energy storage system (BESS) at Kenyir Lake in Terengganu. The project is scheduled to enter construction in June 2026, with a targeted completion date in late September 2028 (KEI, 08/04/2026)
Coal remains the dominant source in the country’s power mix (47% in 2024), followed by gas (34%), hydro (16%), solar (2%), and biomass (1%). The share of renewables has increased by 13 percentage points since 2010, reaching 20% in 2024. Electricity capacity stood at 40 GW at the end of 2024, of which 43% was gas and 33% coal. (Enerdata Global Energy Research) .
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