Brookfield and Solarvest Holdings Bhd have signed a joint investment framework agreement to jointly develop, construct and operate more than 1,500 MW of utility-scale solar and battery energy storage system projects.
These projects will be developed in Malaysia over the next three to five years. Solarvest will provide its local development expertise and experience in project execution, while Brookfield will contribute large-scale capital access, corporate offtake relationships, and operational capabilities. Furthermore, the initiative marks Brookfield’s first investment in Malaysia through its Catalytic Transition Fund, which is Brookefield’s investment vehicle to focus on accelerating decarbonisation in emerging markets.