Kuala Lumpur, 15 December 2025 – Maya Jaya Sdn. Bhd. (“Maya Jaya”) has awarded three Letters of Award (“LOA”) for the development of solar photovoltaic plants and interconnection facilities (“Projects”) to Binastra Atlantic Sdn. Bhd. (“Binastra Atlantic”), a consortium between Binastra Green Energy Sdn. Bhd. (“BGESB”) (a wholly owned subsidiary of Binastra Corporation Berhad (“Binastra”) and Atlantic Blue Sdn. Bhd. (“ABSB”) (a wholly owned subsidiary of Solarvest Holdings Berhad (“Solarvest”)).
The Projects comprise Engineering, Procurement, Construction, and Commissioning (“EPCC”) of solar facilities with a total capacity of 56.5MWac under Malaysia’s Fifth Large Scale Solar programme (“LSS5”), with a combined project value of RM171.7 million. The three Projects are located across two sites, namely one in Kuala Langat, Selangor and two in Sungai Lalang, Kedah.
Binastra Atlantic has been established as a special purpose vehicle (“SPV”), BGESB holds a 51% equity interest, while ABSB holds the remaining 49%. Under the collaboration, Binastra will oversee project funding and provide strategic oversight, while Solarvest will lead the technical execution of the Projects.
Managing Director of Binastra, Datuk Jackson Tan Kak Seng (陈甲胜) said, “We are honoured to be entrusted by Maya Jaya to undertake these Projects through our strategic partnership with Solarvest. These awards mark an important milestone for Binastra as they represent our second solar project win to date, and accelerating our progress toward expanding our portfolio with a stronger pipeline of green projects. We appreciate the confidence our client places in our ability to deliver large-scale, technologically advanced green energy solutions. We look forward to support Maya Jaya in realising these Projects and contributing meaningfully to Malaysia’s transition towards a low-carbon and resilient energy future.”
Executive Director and Group Chief Executive Officer of Solarvest, Dato’ Davis Chong Chun Shiong (张俊雄) said, “We are pleased to partner with Binastra in this strategic collaboration, combining our complementary strengths to accelerate Malaysia’s clean energy transition. This partnership underscores our commitment to advancing sustainable energy solutions while delivering tangible value to our stakeholders. The Projects represents another key milestone for Solarvest, as the Group continues to strengthen its order book, which now stands at RM1.7 billion. Looking ahead, we are excited to spearhead the next phase of renewable energy development in the country, deploying innovative technologies and high-quality execution to create lasting environmental, economic, and social impact.”