Malakoff Corporation, via its subsidiary Malakoff Silver Solar, has appointed Solarvest as the engineering, procurement, construction, and commissioning (EPCC) contractor for the 470MW LSS Petra 5+ solar project in Malaysia.
The project is located in Larut and Matang, Perak Darul Ridzuan.
The EPCC conditional letter of award documents were exchanged during the International Greentech & Eco Products Exhibition and Conference Malaysia 2025.
Malakoff's head of business development, Shajaratuddur Mohd Ibrahim, and Solarvest's executive director and group CEO, Dato’ Davis Chong Chun Shiong, formalised the agreement.
The event was attended by Ir Ts Amin Ramli, a board member of the Malaysian Green Technology and Climate Change Corporation.
Once operational, the solar farm is projected to produce around 967,544MWh of clean energy each year, which will help offset around 748,879 tonnes (t) of carbon dioxide emissions.
This initiative will bolster national energy security while generating high-value job opportunities in Malaysia's expanding clean energy sector.
Malakoff group CEO Syahrunizam Samsudin said: “This is a major milestone for Malakoff as we take a leading role in developing the country’s largest solar project under the LSS PETRA 5+ Programme.
"It reflects our ambition to reshape Malaysia’s energy landscape and speed up the shift towards cleaner, more secure power generation.
"This project forms a significant part of Malakoff’s total renewable energy portfolio of 768MW and reflects our leadership in driving the country’s energy transition.
“As the project developer, we want to set a new benchmark for large-scale solar in Malaysia, while supporting national energy resilience and wider decarbonisation efforts. We look forward to working closely with Solarvest to deliver this project safely, efficiently and to the highest standards”.
This partnership underscores the synergy between Malakoff and Solarvest in advancing Malaysia's renewable energy agenda.
Shiong said: “We are honoured by Malakoff’s confidence in selecting Solarvest as the EPCC contractor for this landmark project. This collaboration reflects our shared commitment to advancing Malaysia’s clean energy transition through innovation, technical excellence and quality delivery in line with National Energy Transition Roadmap ('NETR').
“Malaysia aims to achieve a 70% renewable energy mix by 2050 which will require the annual build-up of renewable capacity to fourfold to around 2.2GW per year from 0.5GW previously.
"This project is therefore crucial in driving momentum, strengthening energy security, and positioning Malaysia as a leading regional clean energy hub. We look forward to partnering with Malakoff to ensure successful execution and meaningful contribution to the country’s sustainability goals.”
The move positions both organisations as pivotal contributors to Malaysia's low-carbon and net-zero objectives.
Last month, Solarvest Holdings entered into a joint investment framework agreement with the international investment company Brookfield.
