Masdar has secured a major base in Southeast Asia’s clean energy sector after subscribing a corner power purchase agreement for a 200 MW floating solar photovoltaic design in Malaysia. The agreement marks Masdar’s sanctioned entry into the Malaysian renewable energy request and positions the UAE- grounded company at the centre of the region’s accelerating energy transition. The design, located at the Chereh levee in Pahang, is valued at roughly$ 208 million and is anticipated to come the largest floating solar installation in Southeast Asia formerly completed.
The Chereh levee development brings together crucial themes shaping the indigenous power sector, including renewable energy, floating solar, power purchase agreement, energy transition, and decarbonisation. Under the agreement with Tenaga Nasional Berhad, Malaysia’s public mileage, the design will induce clean electricity sufficient to meet the requirements of further than 100,000 homes, buttressing Malaysia’s commitment to spanning up low- carbon power sources while attracting transnational clean energy investment.
A Landmark Project Under Malaysia’s Solar Tender Programme
The design was awarded under Malaysia’s Large Scale Solar Cycle 5 tender, a competitive process designed to accelerate the deployment of mileage- scale renewable energy. A Masdar- led institute secured the contract after achieving the smallest tariff in the floating solar order, earning the top- ranked L1 position. The institute includes Malaysian mates Citaglobal and Tiza Global, combining Masdar’s transnational development experience with strong original moxie and nonsupervisory understanding.
Gauging roughly 950 acres of the Chereh levee force, the floating solar factory will deliver further than 300 MWp of installed capacity, rephrasing into 200 MW of interspersing current affair. The scale of the installation highlights the growing part of floating solar as a practical result in land- constrained requests similar as Malaysia, where budgets and heads offer significant untapped eventuality for clean power generation.
Supporting Malaysia’s Renewable Energy intentions
Malaysia has set a target to increase the share of renewables in its public energy blend to 35 percent by 2030. Floating solar has been linked as a strategic technology to help achieve this thing, particularly as electricity demand rises alongside artificial growth and civic expansion. The Chereh Dam design is anticipated to play a meaningful part in advancing this public ideal by adding large- scale renewable capacity to the grid without contending for scarce land coffers.
By utilising floating systems, the design also delivers environmental benefits. The solar panels help reduce water evaporation from the force while serving from natural cooling, which can ameliorate effectiveness and performance over time. Theseco-benefits are decreasingly important in climate- exposed regions where water conservation and energy security are nearly linked.
Leadership Perspectives and public Collaboration
Masdar’s leadership has described the design as both a strategic corner and a demonstration of specialized capability. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said the Chereh levee development represents the company’s largest floating solar design encyclopedically and its first in Malaysia. He emphasised that the design showcases Masdar’s capability to deliver affordable, mileage- scale clean energy results through close collaboration with original mates and alignment with public energy roadmaps.
From the Malaysian side, Citaglobal stressed the design’s long- term public significance. Administrative president and President Tan Sri Dr. Mohamad Norza Zakaria said the collaboration reflects Citaglobal’s part in delivering sustainable energy structure that strengthens energy security and profitable adaptability. He noted that combining Masdar’s global moxie with original prosecution capabilities would help insure the design meets high transnational norms while supporting Malaysia’s development precedences.
Backing Structure and Technical Design
The Chereh Dam floating solar design will be financed through anon-recourse design finance structure, with participation from transnational lenders. This approach signals strong investor confidence in the design’s marketable viability and in Malaysia’s nonsupervisory frame for renewable energy, while also emphasizing the bankability of large- scale floating solar means.
Technically, the design has been designed to align with the specific physical and functional characteristics of the Chereh Dam. Floating platforms and anchoring systems will be finagled to insure long- term stability, adaptability, and effectiveness, supporting dependable power generation throughout the design’s functional life.
A Foundation for Regional Growth
The Chereh Dam design is the first to be delivered under a broader 10 GW renewable energy roadmap agreed between Masdar and the Malaysian Investment Development Authority in 2023. Masdar is also progressing feasibility studies for a large- scale floating solar design at the Murum force in Sarawak, in cooperation with Sarawak Energy and Gentari.
As floating solar moves from airman- scale deployments to system- position structure, the Chereh levee power purchase agreement serves as a reference point for policymakers, serviceability, and investors across Southeast Asia. For Masdar, the design strengthens a global portfolio gauging further than 40 countries and supports its ambition to reach 100 GW of clean energy capacity by 2030, buttressing the region’s growing significance in the global energy transition.
