Brookfield has entered into a joint investment framework agreement with Solarvest Holdings Bhd to jointly develop, construct, and operate more than 1,500 MW of utility-scale solar and battery energy storage system (BESS) projects. These projects will be developed in Malaysia over the next three to five years. 

Solarvest will provide its local development expertise and experience in project execution, while Brookfield will contribute large-scale capital access, corporate offtake relationships, and operational capabilities. Furthermore, the initiative marks Brookfield’s first investment in Malaysia through its Catalytic Transition Fund, which is Brookefield’s investment vehicle to focus on accelerating decarbonisation in emerging markets.

Solarvest, founded in Malaysia, is a clean energy company with presence across Asia-Pacific. The company has a renewable portfolio of more than 2,300 MW of completed and ongoing projects. Additionally, it has also diversified into other clean energy segments, including hydrogen, BESS, data centres, energy efficiency, and low-carbon mobility.

In January 2025, Solarvest signed a MoU with Saigon Jim Brother’s Corporation (EVM) and Power Engineering Consulting Joint Stock Company 2 (PECC2) to advance renewable energy adoption in Vietnam. The partnership will utilise the direct power purchase agreement mechanism via the national grid to supply green electricity to EVM’s operations in the country.