Malaysia’s energy firm Solarvest Holdings Berhad said last Thursday that it continues to accelerate its regional growth momentum with a major milestone in Asia as Nextree Synergy Sdn. Bhd. officially signed the letter of award (LOA) with Atlantic Blue Sdn. Bhd., a wholly-owned subsidiary of Solarvest.

Solarvest said in a statement that the signing ceremony took place during the Energy Taiwan 2025, formalized the appointment of Atlantic Blue as the turnkey engineering, procurement, construction and commissioning (EPCC) contractor for the 60 MW project under the large scale solar 5 (LSS5) in Kuala Langat, Selangor.

The project is scheduled to achieve commercial operation by October 2027.

This milestone builds upon Solarvest strategic partnership with Chailease International Company (Malaysia) Limited and GreenRock Energy Co., Ltd. , first announced in International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2024, underscoring the strength of Malaysia–Taiwan collaboration in advancing clean energy development.

It reflects Solarvest’s ability to forge cross-border collaborations and demonstrates its expanding role as a regional renewable energy enabler across Asia-Pacific.

To support its growing portfolio, Solarvest recently proposed a private placement of up to 10 percent of its total number of issued ordinary shares, expected to raise gross proceeds of up to RM254 million to finance ongoing solar projects, including Nextree’s facility.

This follows its partnership with Brookfield to develop 1.5 GW of renewable energy projects in Malaysia, further affirming Solarvest’s regional growth and investor confidence.

Nextree is a special purpose vehicle comprising Solarvest’s wholly-owned subsidary, Nextree Sdn. Bhd. (60 percent); Chailease (30 percent), a subsidiary of Taiwan’s leasing group; GreenRock (5 percent), a player in Taiwan’s renewable energy sector; and Servex (Malaysia) Sdn. Bhd. (5 percent), a subsidiary of Acer Incorporated, a global information and communication technology (ICT) company.

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