The International Finance Corporation (IFC), together with Johor’s strategic investment arm Permodalan Darul Ta’zim (PDT) and Malaysian clean energy developer Ditrolic Energy, has signed a collaboration letter to advance the Southern Johor Renewable Energy Corridor (SJREC). The initiative, valued at around USD6 billion, will develop a large-scale hybrid solar and battery storage zone in Johor as part of the Johor–Singapore Special Economic Zone.
The SJREC spans 2,000 sq km and will be developed in phases. The first phase covers a 10,000-acre site with plans to install up to 4 GWp of solar capacity and 5.12 GWh of energy storage. The corridor is designed to supply renewable electricity to local and multinational industries in Johor—including data centres, manufacturing operations, and large commercial consumers—and to enable clean power transmission to Singapore.
The partnership supports Malaysia’s broader goal of scaling utility-scale renewables and reinforcing cross-border energy connectivity within the region.