Kuala Lumpur: TotalEnergies, together with MK Land Holdings Berhad, a diversified group in Malaysia, has announced the Financial Close for its 30 MWac (approx. 50 MWp) solar power plant located in Kulim, Kedah. Awarded by the Malaysian Energy Commission in August 2023 under the Corporate Green Power Programme (CGPP) to TotalEnergies (49%) and Solar Citra Sdn. Bhd. (51%) (subsidiary of M K Land), the project will begin construction following the issuance of the Notice to Proceed, the company stated in a press release.
The entire output of around 1.5 TWh of electricity will be sold under 21-year long-term Power Purchase Agreements (PPAs) to major technology and industrial players in Malaysia. This reflects the increasing demand from these customers for sustainably sourced electricity, underscoring the project’s strategic importance and its role in advancing the country’s clean-energy agenda.
The solar plant will comprise approximately 80,000 photovoltaic panels installed across 115 acres and will include the development of a new 132 kV loop-in-loop-out (LILO) substation, enhancing Malaysia’s grid interconnection network.
“We are pleased to reach this new milestone for our solar project in Malaysia. By leveraging our extensive upstream footprint in the country and our upcoming 50/50 joint venture with Masdar in Asia, we aim to contribute to the development of renewables to support the country’s decarbonization objectives”, said Gregory Thomassin, Head of Business Development, Renewables APAC, TotalEnergies. “This project also reflects TotalEnergies’ strategy to supply major technology and industrial customers with tailored renewable energy solutions”.
The project financing facility of approximately MYR145 million (~$37 million) was arranged with BNP Paribas Malaysia Berhad as the sole mandated lender.
TotalEnergies has been operating in Malaysia since 1985 and is a long-standing partner of the national oil company PETRONAS. Following the completion of the acquisition of SapuraOMV Upstream, TotalEnergies is the 3rd largest gas operator in the country. The Company employs about 300 people in the country and holds operated interests of 30.002% in block SK408 and 30% in block SK310, as well as interests in 16 other blocks offshore Sarawak and Sabah. Via its affiliate TotalEnergies Marketing Malaysia, TotalEnergies also markets petroleum products. In 2023, the Company signed a deal with PETRONAS and Mitsui to develop a CO2 storage project in Southeast Asia and assess several potential sites in the Malay Basin. The Company is also developing hybrid renewable projects (solar and battery) to supply its B2B customers under the Corporate Renewable Electricity Supply Scheme (CRESS).
TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. At the beginning of 2026, TotalEnergies has more than 34 GW of gross renewable power generation capacity and aims to achieve over 100 TWh of net electricity production by 2030.
