Deal #10404

Malaysia
Created at
2024-06-19
Last update
2024-09-17

Land area

Size in operation (production)
  • [2022-08, current] 135 ha
Comment on land area
According to RS Analysis, the project's size is around 135 hectares

Intention of investment

Intention of investment
  • [2022-08, current] Solar park (135 ha)

Negotiation status

Negotiation status
  • [2018] Intended (Under negotiation)
  • [2019] Concluded (Oral Agreement)
  • [2020-06, current] Concluded (Contract signed)
Comment on negotiation status
Kerian Solar was awarded the project under Malaysia’s third round of the large-scale solar (LSS3) tender in 2019 by Suruhanjaya Tenaga (ST), the energy commission regulating the energy industry in Peninsular Malaysia and Sabah. However, initial studies began in late 2018, with BNP Paribas Malaysia Berhad, MUFG Bank (Malaysia) Berhad and Sumitomo Mitsui Banking Corporation Malaysia Berhad all subsequently supporting the green financing for Kerian Solar. Kerian Solar Sdn. Bhd. had signed a 21-year power purchase agreement (PPA) with utility Tenaga Nasional Bhd for the project, back in June 2020.

Implementation status

Implementation status
  • [2020] Startup phase (no production)
  • [2022-08, current] In operation (production)
Comment on implementation status
The project construction commenced in 2020 and subsequently entered into commercial operation in August 2022.