With this project, Mukah Solar Powerplant (MSPSB) has taken an important step towards advancing the development of renewable energy in Malaysia. They recently signed their first power purchase agreement (PPA) with Syarikat Sesco Berhad. This collaboration will accelerate the development of a 100 megawatt (MW) solar PV, photovoltaic or solar farm energy generation facility. It would be in Sarawak. The deal represents an important step in the region’s move away from fossil fuels and toward cleaner energy.
Solarvest Asset Management (Borneo), a 100%-owned subsidiary of Solarvest, holds a 60% equity stake in MSPSB. The remaining 40% is held by Press Metal Berhad, an indirect subsidiary of Press Metal Aluminium Holdings Berhad. The project has attracted an amazing investment of RM380 million (roughly $90.12 million). It has a dual objective of enhancing both firms’ competitive standing in the growing renewable energy market.
Project Overview and Timeline
The Mukah solar plant is scheduled to start commercial operations on November 30, 2027. Once operational, it is projected to offset around 46,000 tonnes of carbon dioxide emissions annually, contributing significantly to Sarawak’s environmental goals. The project will produce 1,500-2,000 direct and indirect job prospects for MYR’s local community. Doing so will provide a major jolt of economic activity to the state’s capital region.
Leon Liew Chee Ing, CEO of Solarvest, expressed his enthusiasm regarding the project:
“The Mukah solar PV plant marks a significant step forward in Sarawak’s renewable energy journey, and Solarvest is proud to play a central role in delivering one of the state’s largest clean energy projects.”
Alignment with Strategic Goals
The Mukah solar PV plant firmly reinforces Sarawak’s Energy Transition Strategy (SET-P). It is consistent with the Post Covid-19 Development Strategy (PCDS) 2030. These frameworks aim towards an installed capacity of 10 gigawatts (GW) by 2030. They intend to increase that production capacity to at least 15 GW by 2035. These strategies get the state to 60% renewable energy by 2030. This new goal couldn’t come at a more appropriate time – it underscores the importance of projects like MSPSB.
Solarvest expects this solar plant to reinforce its reputation as a leader in Sarawak’s EPCC (engineer, procure, construct, and commission) market. Solarvest Green Energy Lab in Sarawak, in collaboration with the Centre of Technology Excellence Sarawak and Huawei Technologies (Malaysia) Sdn Bhd. This project further cements Solarvest’s dedication to renewable energy innovation and skilled workforce development at home.
“The Mukah solar PV plant is aligned with Sarawak’s Energy Transition Strategy (‘SET-P’) and Post Covid-19 Development Strategy (PCDS) 2030, both of which are designed to strengthen Sarawak’s RE ecosystem and accelerate the shift toward a low-carbon future.”
Future Prospects for Solarvest
Solarvest anticipates that this solar plant will solidify its standing in Sarawak’s engineering, procurement, construction, and commissioning market. Collaborating with the Centre of Technology Excellence Sarawak and Huawei Technologies (Malaysia), Solarvest has also launched the Green Energy Lab in Sarawak, further supporting its commitment to renewable energy innovation and workforce development.