Deal #10394
Malaysia
Created at
2024-06-17
Last update
2024-08-29
Land area
Intended size
42 ha
Size under contract (leased or purchased area)
- [2019-09-12, current] 104 ha
Comment on land area
installed on a 104-hectare plot in the town of Kuala Ketil, northeast of Penang.
Intention of investment
Intention of investment
- [2019, current] Solar park (104 ha)
- [2019, current] Food crops (16.18 ha)
Comment on intention of investment
Besides the solar park on 104 hectares, the project hosts a 40 hectares buffer zone surrounding th facility which primarily plants pineapples
Nature of the deal
Nature of the deal
Outright purchase, Lease
Negotiation status
Negotiation status
- [2015, current] Concluded (Contract signed)
Comment on negotiation status
The solar company began developing the project in 2015 when it acquired the land from BDB Land Sdn Bhd, a subsidiary of engineering and construction company Bina Darulaman Bhd.
Implementation status
Implementation status
- [2018-03] Startup phase (no production)
- [2019-09-08, current] In operation (production)
Comment on implementation status
Construction began in 2018 of March once the clearance was approved and became fully operational in September 2019
Contract farming
Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
- [2019, current] 0.03 ha 2 600
Comment on contract farming
One of the highlights of the project is a 30-metre buffer zone surrounding the facility, which will be planted primarily with pineapples – an initiative which will benefit more than 2,600 farmers and the people of Kuala Ketil.