Solarpack wins 21-year PPA for 116MW plant in Malaysia

Facebook
Twitter
LinkedIn
Reddit
Email
Source: Solarpack

Solarpack has bagged a 21-year power purchase agreement (PPA) through a competitive tender for a 116MW PV park in northern Malaysia.

The deal sets the price of electricity at MYR231.8 (US$56.7)/MWh, assuring energy sales of more than MYR800 million (US$186 million) over the contract’s lifetime.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

It was awarded to the Spanish solar developer in a tender launched by Malaysia’s energy commission in February 2019.

The commission published a list of the tender’s five winners – picked from a pool of 112 bids – in December.

The Suria Sunghai Petani solar park must be commissioned before 31 December 2021 in order to meet the conditions of the tender.

The grid-connected facility will produce 180GWh annually to Malaysian utility Tenaga National Berhad.

The project is in the province of Kedah in northwest Malaysia.

With this new project, the company now has a 215MW project backlog in 2019, by its own estimations.

Solarpack, which has operational PV projects in Spain, Chile, Peru, Uruguay and India, revealed a slide in net profits and a major boost in turnover in its Q3 2019 results. Revenues were €38.1 million (US$42 million) for the January to September 2019 period, an 83% jump on the €20.8 million (US$22.93 million) recorded in the same period in 2018.

Read Next

October 7, 2025
Doral Renewables has secured a PPA with an unnamed 'corporate buyer' for its 430MW Cold Creek solar-plus-storage project in Texas.
October 1, 2025
Adding 32GW of new solar to Thailand’s power generation deployment targets could cut power generation costs by as much as US$1.8 billion.
September 22, 2025
Global investment firm Brookfield has entered into a joint investment framework agreement with Malaysian developer Solarvest to build a 1.5GW utility-scale solar and BESS portfolio in Malaysia.
September 11, 2025
Founder Group has won a RM10 million (US$2.3 million) engineering, procurement, construction and commissioning contract for a 30MW solar plant in Malaysia.
September 9, 2025
Iberdrola has signed a 77MW power purchase agreement (PPA) with Italian grocery retail group Selex Gruppo Commerciale.
September 8, 2025
Georgia Power has certified five new solar power purchase agreements (PPAs) within its borders, for a combined capacity of just over 1GW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK