Malaysia’s Ministry of Energy Transition and Water Transformation (PETRA) has launched the tender for the country’s sixth Large-Scale Solar programme (LSS6).
The tender calls for 2.5 gigawatts (GW) of solar capacity, above the market's 2 GW estimate, alongside 1.25 GW of battery energy storage system (BESS) capacity and a 150-megawatt (MW) set-aside for Bumiputera solar developers in Peninsular Malaysia.
At an estimated capital expenditure of $855,000 (RM3.5m)/MW for combined solar-plus-BESS systems, LSS6 is expected to generate around $2.2b (RM9b) in Engineering, Procurement, Construction, and Commissioning (EPCC) contract value.
A UOB Kay Hian report noted Solarvest stands as the primary beneficiary, assuming it retains its roughly 30% share of the utility-scale EPCC market.
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Meanwhile, Northern Solar is well placed to capture EPCC contracts for smaller-scale projects under 100 MW.
Development will be concentrated in southern Peninsular Malaysia, driven by rising power demand in the area, giving developers with existing landbanks there a competitive edge in the tender.
Projects will be commissioned in phases, with full commercial operation targeted by 31 December 2029.