690 MWp solar project in Larut-Matang, Malaysia has awarded Solarvest an engineering, procurement, construction, and commissioning (EPCC) contract through the developer, Malakoff Corporation. The contract positions the project among the largest solar developments in the Malaysia, and also a cornerstone of the country’s Large Scale Solar 5+ (LSS5+) program.
The MYR 1.06 billion (USD 267 million) project will be developed on a vast 566 hectares (1,400-acre) site in Perak’s Larut and Matang districts. This is as Malaysia continues to accelerate its transition toward renewable energy and utility-scale solar deployment.
Malaysia’s Large Scale Solar 5/5+ (LSS5/5+) Program
The Larut-Matang solar project was awarded through the flagship LSS5+ program in Malaysia. The government-backed initiative is aimed at scaling solar capacity in the Malaysia and driving the country toward its long-term clean energy targets.
Utility-scale solar is also cementing itself as an important route in Malaysia’s transition toward renewables, with the country targeting a significantly higher renewable energy mix by 2050.
This development is also expected to be one of the largest solar farms in Malaysia. It will contribute meaningfully to national decarbonization goals while strengthening grid stability through large-scale generation.
Once operational, the plant will generate up to 970 GWh annually. This is enough to power approximately 230,000 Malaysian households, representing about 2-3% of the country’s electricity demand.
The award is also part of a growing trend across Southeast Asia, where governments are rapidly scaling renewable infrastructure and integrating advanced technologies such as battery storage and AI-driven optimization into energy systems
How Much Does Malakoff’s LSS5 Solar Project in Malaysia Cost
The project is valued at MYR 1.06 billion. This value also boosts Solarvest’s already expanding order book, which now stands at approximately MYR 2.7 billion.
The scale of the EPCC contract also points toward the growing investor confidence in Malaysia’s solar sector. Also fundamental to this confidence are the structured procurement programs by the Malaysian government, including LSS.
Additionally, the increasing participation from independent power producers is another key factor boosting investor confidence. It also highlights the viability of large-scale solar as a competitive generation source amid rising fossil fuel costs and regional energy security concerns.
Fact Sheet for Malakoff/Solarvest LSS5 Solar Project in Larut-Matang, Malaysia
Capacity: 690 MWp
Location: Perak, Malaysia
Site Area: 1,400 acres (566 ha)
Contract Type: EPCC
Contract Value: MYR 1.06 billion
Annual Generation: 970 GWh
Households Powered: 230,000
Commercial Operation Date: Target Q1 2028
Project Team
Developer and Owner: Malakoff Corporation via Malakoff Silver Solar
EPCC Contractor: Solarvest Holdings through Atlantic Blue
Delivery Stake: Malakoff Silver Solar with 80%, Solarvest with 20%
What Next for Malaysia After Large Scale Solar 5+ (LSS5+) Program
Looking ahead, the anticipated LSS6 program is expected to incorporate battery energy storage systems. This has the potential to further transform Malaysia’s renewable landscape through enabling better intermittency management and grid resilience. Malaysia’s renewable landscape is also looking further into the future with innovative initiatives such as Kerian Integrated Green Industrial Park that will have around half of its site area covered with solar installation.
Additionally, Solarvest’s strategy also includes integrating emerging technologies such as AI-driven monitoring and energy management systems. These align with regional trends that are driven toward smarter, digitalized energy infrastructure.
