Wedoany.com Report-Oct. 20, Malakoff Corporation, through its subsidiary Malakoff Silver Solar, has appointed Solarvest as the engineering, procurement, construction, and commissioning (EPCC) contractor for the 470MW LSS Petra 5+ solar project in Malaysia. The project will be located in Larut and Matang, Perak Darul Ridzuan, and represents one of the largest solar developments in the country.

The farm aims to offset 748,879t a year.

The conditional letter of award for the EPCC contract was exchanged during the International Greentech & Eco Products Exhibition and Conference Malaysia 2025. Malakoff’s head of business development, Shajaratuddur Mohd Ibrahim, and Solarvest’s executive director and group CEO, Dato’ Davis Chong Chun Shiong, formalized the agreement in the presence of Ir Ts Amin Ramli, a board member of the Malaysian Green Technology and Climate Change Corporation.

Once operational, the solar farm is expected to generate around 967,544MWh of clean electricity annually, helping offset approximately 748,879 tonnes of carbon dioxide emissions. The project is anticipated to enhance national energy security and create high-value employment opportunities within Malaysia’s expanding clean energy industry.

Malakoff Group CEO Syahrunizam Samsudin 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 speed up the shift towards cleaner, more secure power generation. This project forms a significant part of Malakoff’s total renewable energy portfolio of 768MW and reflects our leadership in driving the country’s energy transition. As the project developer, we want 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.”

The partnership highlights the strategic alignment between Malakoff and Solarvest in advancing Malaysia’s renewable energy development. 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 (‘NETR’). Malaysia aims to achieve a 70% renewable energy mix by 2050 which will require the annual build-up of renewable capacity to fourfold to around 2.2GW per year from 0.5GW 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.”

The collaboration reinforces both companies’ roles as key participants in Malaysia’s transition to a low-carbon and net-zero future. In a related development, Solarvest Holdings recently entered into a joint investment framework agreement with international investment company Brookfield, further expanding its renewable energy portfolio.