Malakoff appoints Solarvest as EPCC contractor for nation’s largest LSS Petra 5+ solar project  

• Solarvest expects a record US$635 mil orderbook this year from strong project momentum
• Collaboration accelerates Malaysia’s clean energy shift, combining Malakoff and Solarvest’s strengths

Malakoff Corporation Berhad, through its subsidiary Malakoff Silver Solar Sdn. Bhd. — the developer of the 470 MW project under the LSS PETRA 5+ Programme — has provisionally selected Atlantic Blue Sdn. Bhd., a subsidiary of Solarvest Holdings Berhad and regional clean energy expert, as the engineering, procurement, construction, and commissioning (EPCC) contractor for the project’s development in Larut and Matang, Perak Darul Ridzuan.

The exchange of the EPCC conditional letter of award documents between Shajaratuddur Mohd Ibrahim, Malakoff’s head of business development, and Davis Chong Chun Shiong, Solarvest’s executive director and group CEO, took place during the International Greentech & Eco Products Exhibition and Conference Malaysia 2025. The ceremony was witnessed by Amin Ramli, board member of the Malaysian Green Technology and Climate Change Corporation.

The solar farm represents one of the largest ground-mounted solar developments in Malaysia. Upon commissioning, it is expected to generate approximately 967,544 MWh of clean energy annually, offsetting around 748,879 tonnes of carbon dioxide emissions. The project will also strengthen national energy security and create high-value local employment opportunities within Malaysia’s growing clean energy sector.

According to Syahrunizam Samsudin, Malakoff’s group CEO, this signing represents a significant advancement in the group’s transition towards cleaner energy. He said, “This is a major milestone for Malakoff as we take a leading role in developing the country’s largest solar project under the LSS PETRA 5+ Programme. It reflects our ambition to reshape Malaysia’s energy landscape and accelerate the shift towards cleaner, more secure power generation.”

“This project forms a significant part of Malakoff’s total renewable energy portfolio of 768 MW and demonstrates our leadership in driving the country’s energy transition. As the project developer, we aim to set a new benchmark for large-scale solar in Malaysia while supporting national energy resilience and wider decarbonisation efforts. We look forward to working closely with Solarvest to deliver this project safely, efficiently, and to the highest standards,” he added.

Meanwhile, Davis Chong Chun Shiong said, “We are honoured by Malakoff’s confidence in selecting Solarvest as the EPCC contractor for this landmark project. This collaboration reflects our shared commitment to advancing Malaysia’s clean energy transition through innovation, technical excellence, and quality delivery in line with the National Energy Transition Roadmap.”

“Malaysia aims to achieve a 70% renewable energy mix by 2050, which will require the annual build-up of renewable capacity to increase fourfold — to around 2.2 GW per year from 0.5 GW previously. This project is therefore crucial in driving momentum, strengthening energy security, and positioning Malaysia as a leading regional clean energy hub. We look forward to partnering with Malakoff to ensure successful execution and meaningful contribution to the country’s sustainability goals,” he added.

This partnership highlights the strong synergy between Malaysia’s leading clean energy company and a prominent multinational in power generation and environmental solutions, working together to advance the nation’s renewable energy agenda. By combining Malakoff’s experience in large-scale power generation with Solarvest’s proven expertise in renewable energy solutions, the collaboration strengthens local capacity for utility-scale developments. It also reflects Malaysia’s readiness to accelerate the transition towards a sustainable energy future, positioning both organisations as key enablers in the country’s low-carbon and net-zero ambitions.

This project adds significant momentum to Solarvest’s expanding order book, reinforcing the strength of its growth trajectory. The company anticipates its order book to reach a new record high of approximately US$635 million (RM3 billion) by the end of the financial year, driven by more LSS5 and LSS5+ EPCC wins and additional projects in Borneo. This reflects Solarvest’s solid project execution capability, trusted partnerships, and growing role in advancing Malaysia’s clean energy landscape.