Solarvest Holdings Berhad has secured a MYR 320 million Engineering, Procurement, Construction, and Commissioning (EPCC) contract under the Large Scale Solar 5 programme (LSS5). The project, with a capacity of 99.99MWac, was awarded by Wawasan Demi Sdn. Bhd., a 63%-owned subsidiary of AIZO Group Berhad.

The floating solar project is located in Kampar, Perak, and is scheduled to commence commercial operations on 30 October 2027. Once commissioned, it is expected to generate approximately 205,709MW of clean energy annually, offsetting around 159,219 tonnes of carbon dioxide emissions.

Project Details and Timeline

The Kampar floating solar project marks a significant milestone for Solarvest as it continues to expand its renewable energy portfolio. The project is part of Malaysia's Large Scale Solar 5 programme, which aims to accelerate the nationwide adoption of solar energy.

Executive Director and Group Chief Strategy Officer of Solarvest, Mr. Leon Liew Chee Ing, expressed the company's commitment to the project. “We are pleased to be entrusted by Wawasan Demi to execute this project and appreciate their confidence in our expertise in complex floating solar solutions,” he said.

“Delivering such projects requires advanced technical capabilities in sustainable design, smart engineering, and operations management. We are committed to completing this project safely, efficiently, and to the highest standards, while making a meaningfully contribution to Malaysia's clean energy goals.”

Financial Impact and Order Book Strength

This project marks another key milestone for Solarvest as the Group continues to strengthen its order book, which now stands at MYR 1.6 billion following the announcement of the 2QFY2026 financial results. The achievement demonstrates Solarvest's growing reputation as a trusted clean energy partner in Malaysia, highlighting the Group's strong execution capabilities and ongoing momentum in delivering large-scale renewable energy projects.

The MYR 320 million contract value represents a substantial addition to Solarvest's project portfolio, further cementing the company's position in Malaysia's renewable energy sector. The project contributes to the company's accumulated renewable energy portfolio of over 3,200MW across ongoing and completed projects.

Strategic Partnership with AIZO Group

The collaboration between Solarvest and AIZO Group represents a significant partnership in Malaysia's renewable energy landscape. Dato' Abang Abdillah Izzarim, Executive Chairman of AIZO Group Berhad, commented on the partnership: “We are pleased to partner with Solarvest, a proven leader in clean energy solutions, to execute the LSS5 project in Kampar, Perak. This collaboration reflects our shared vision to accelerate the adoption of sustainable energy in Malaysia.”

The AIZO Group chairman further explained the project's significance for the company's expansion plans: “The awarding of this EPCC contract marks a crucial step toward realising our second large scale solar venture in Peninsular Malaysia, further strengthening AIZO's foothold in the renewable energy sector and laying the foundation for the Group's expansion into new markets, including planned renewable energy initiatives in Sarawak.”

Corporate Governance and Stakeholder Support

AIZO Group Berhad held its Annual General Meeting (AGM) on the same day as the contract announcement, where all resolutions were duly passed. The company extended its appreciation to shareholders for their continued support of the Group's renewable energy initiatives.

AIZO expressed sincere appreciation to all shareholders for their continued trust, confidence, and support towards the Group's long-term vision and strategic direction in driving Malaysia's renewable-energy growth.

Company Background and Capabilities

Solarvest is described as a clean energy expert with a multi-national presence across Asia-Pacific in 8 countries. The Malaysia-founded company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms.

The company has evolved beyond traditional solar solutions and 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, providing it with the financial foundation to pursue large-scale renewable energy projects.

The floating solar project in Kampar represents the company's expertise in complex solar installations, particularly in challenging environments that require specialized engineering and technical capabilities. The project's substantial capacity of 99.99MWac and significant annual energy generation potential of approximately 205,709MW demonstrate the scale of renewable energy infrastructure that Solarvest is capable of delivering.

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