KUALA LUMPUR, Sept. 22 (Xinhua) -- Malaysia's clean energy firm Solarvest Holdings Bhd said Monday it has partnered with Canada's investment firm Brookfield to jointly develop, construct and operate at least 1.5 gigawatt (GW) of utility-scale solar and battery energy storage projects in Malaysia.
Solarvest said in a statement that under the partnership, the firm will bring its deep local development expertise and strong execution track record, while Brookfield will bring its access to large-scale capital, strong global and regional corporate offtake relationships and proven operational capabilities.
The partnership with Solarvest is Brookfield's first investment in Malaysia via its Catalytic Transition Fund, Brookfield's primary vehicle to invest in and accelerate decarbonization in emerging markets globally. ■
