Brookfield has signed a joint investment framework agreement with Malaysia’s Solarvest Holdings Bhd to develop, construct, and operate over 1.5 GW of solar and battery energy storage projects across the country. The initiative marks Brookfield’s first investment in Malaysia, made through its Catalytic Transition Fund, which focuses on accelerating decarbonisation in emerging markets.
The partnership combines Brookfield’s global renewable portfolio of 270 GW in operational and development capacity with Solarvest’s 2.3 GW of completed and ongoing solar projects in Malaysia. Brookfield will contribute large-scale capital and corporate offtake relationships, while Solarvest will provide local development expertise and execution capabilities.
Executives from both firms highlighted Malaysia’s strong renewable market fundamentals, driven by rising demand from utilities, corporates, data centres, and semiconductor manufacturing. The collaboration supports the National Energy Transition Roadmap (NETR) and aims to expand Solarvest’s regional footprint while advancing Malaysia’s low-carbon and energy security goals.