KUALA LUMPUR, 13 May 2026 (The Capital Post) — TotalEnergies, together with M K Land Holdings Berhad, has achieved financial close for a 30 MWac solar power plant project in Kulim, Kedah, marking another milestone in Malaysia’s renewable energy development efforts.
The project, awarded under the Corporate Green Power Programme (CGPP) by the Energy Commission in August 2023, is jointly developed by TotalEnergies, which holds a 49 per cent stake, and Solar Citra Sdn. Bhd., a subsidiary of M K Land with a 51 per cent stake. Construction is expected to begin following the issuance of the Notice to Proceed.
The solar facility, which is expected to generate approximately 1.5 TWh of electricity, will supply power to major technology and industrial players in Malaysia through 21-year long-term Power Purchase Agreements (PPAs). The initiative reflects the growing demand among corporations for sustainably sourced electricity and supports Malaysia’s clean energy transition agenda.
Located on a 115-acre site in Kedah, the solar plant will feature around 80,000 photovoltaic panels and include the construction of a new 132 kV loop-in-loop-out (LILO) substation to strengthen the country’s grid interconnection infrastructure.
Gregory Thomassin, Head of Business Development, Renewables APAC at TotalEnergies, said the financial close represents a significant step in the company’s renewable energy expansion in Malaysia.
He noted that the project aligns with TotalEnergies’ broader strategy to support Malaysia’s decarbonisation objectives while delivering tailored renewable energy solutions to industrial and technology customers across the region.
The project financing facility worth approximately RM145 million was arranged with BNP Paribas Malaysia Berhad acting as the sole mandated lender.
TotalEnergies has maintained operations in Malaysia since 1985 and is one of the country’s major gas operators following its acquisition of SapuraOMV Upstream. Beyond its upstream energy business, the company is also involved in renewable and carbon storage projects, including hybrid solar and battery developments under Malaysia’s Corporate Renewable Electricity Supply Scheme (CRESS).
Globally, TotalEnergies continues to expand its renewable energy portfolio, with more than 34 GW of gross renewable power generation capacity as of early 2026. The company aims to achieve over 100 TWh of net electricity production by 2030 as part of its long-term sustainability strategy. – The Capital Post
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