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.
Brookfield has entered into a joint investment framework agreement with Malaysian clean energy company Solarvest Holdings Bhd to jointly develop, construct and operate at least 1.5 gigwatts (GW) of utility-scale solar and battery energy storage projects in Malaysia.
According to a Sept 22 announcement, Brookfield owns and operates diversified portfolios of renewable power and transition assets with more than 270GW of operational and development capacity. The partnership with Solarvest is Brookfield’s first investment in Malaysia via its Catalytic Transition Fund, Brookfield’s primary vehicle to invest in and accelerate decarbonisation in emerging markets globally.
