Brookfield, a leading global investment firm founded 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 over the next three to five years. This partnership marks Brookfield's first investment in Malaysia through its Catalytic Transition Fund, which serves as the main vehicle for the company's efforts to support decarbonization and investment in emerging markets globally.

Malaysia was selected due to its standing in Southeast Asia as a strong and attractive renewable energy market, underpinned by robust demand fundamentals and supportive policy frameworks.

Company Capabilities and Experience

Brookfield owns and operates one of the world's largest, most diversified portfolios of renewable power and transition assets with more than 270 GW of operational and development capacity. Under the partnership, Brookfield will bring its access to large-scale capital, strong global and regional corporate offtake relationships, and proven operational capabilities.

Solarvest will contribute its deep local development expertise and proven execution track record, having developed more than 2.3 GW of solar PV across completed and ongoing projects in Malaysia. The Malaysia-founded company has a multi-national presence across Asia-Pacific in 8 countries and started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms.

Strategic Vision and Market Positioning

Daniel Cheng, Brookfield's Head of Renewable Power & Transition for Asia Pacific, stated that Malaysia is emerging as a regional leader in clean energy, underpinned by ambitious national targets and surging demand from both utilities and corporates, given the country's growing role as a hub for data centers and semiconductor manufacturing. Cheng emphasized that Brookfield is committed to deploying significant capital into Malaysia, where strong market fundamentals align with the company's capabilities to deliver power and decarbonization solutions to large corporates, hyperscalers, and other key customers globally.

Dato' Davis Chong, Solarvest's Executive Director and Group Chief Executive Officer, described the partnership as a pivotal milestone for Solarvest as the company accelerates the transition toward a low-carbon future. Chong noted that by combining Solarvest's proven expertise and innovation with Brookfield's strong global network and financial strength, the partnership is uniquely positioned to deliver impactful renewable energy solutions that will drive Malaysia's decarbonization agenda in line with the National Energy Transition Roadmap (NETR).

Company Background and Expansion Plans

Solarvest has accumulated a renewable energy portfolio of over 2,300MW across ongoing and completed projects. The company is currently venturing into other clean energy solutions, including hydrogen, battery storage, data center, energy efficiency, low-carbon mobility, and renewable energy certificates. Solarvest is listed on the Main Market of Bursa Malaysia.

According to Chong, the collaboration enables Solarvest to expand its regional footprint beyond Malaysia, meeting the growing demand for sustainable power. The partnership aims to create lasting value by advancing clean energy adoption, strengthening energy security, and supporting the region's journey towards carbon neutrality. The announcement was made on September 22, 2025, from Kuala Lumpur, marking a significant development in Malaysia's renewable energy sector as the country continues to position itself as a regional leader in clean energy transition.

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