TotalEnergies, in collaboration with MK Land Holdings Berhad, has reached financial close and commenced construction on a 30 MWac solar power plant in Kulim, Kedah. The project, awarded by the Malaysian Energy Commission in August 2023 under the Corporate Green Power Programme, is set to begin operations in Q3 2027.
The solar farm will feature approximately 80,000 photovoltaic panels across 115 acres and will include a new 132 kV loop-in-loop-out substation to enhance Malaysia’s grid network. The entire output of around 1.5 TWh of electricity will be sold under 21-year Power Purchase Agreements to major technology and industrial players, reflecting the growing demand for sustainable energy.
Gregory Thomassin, Head of Business Development, Renewables APAC at TotalEnergies, stated, “We are pleased to reach this new milestone for our solar project in Malaysia. By leveraging our extensive upstream footprint in the country and our upcoming 50/50 joint venture with Masdar in Asia, we aim to contribute to the development of renewables to support the country’s decarbonisation objectives.”
The project financing, approximately MYR145m, was arranged with BNP Paribas Malaysia Berhad as the sole lender. TotalEnergies, operating in Malaysia since 1985, is the third-largest gas operator in the country and is actively developing renewable projects to support its B2B customers. The company aims to achieve over 100 TWh of net electricity production by 2030, reinforcing its commitment to sustainable energy solutions.
