Shizen Energy has reached financial close for a 29.99 MWac utility-scale solar project in Gurun, Kedah, Malaysia under the Corporate Green Power programme. The project company, SM 01 Sdn. Bhd., has entered into a power purchase agreement (PPA) with Google. The project is scheduled to commence commercial operations in 2027.
The solar project is being developed, constructed, and owned by SM 01 Sdn. Bhd., a consortium comprising Shizen Malaysia with a 49 per cent stake, Solarvest holding 33 per cent, and HSS with 18 per cent. Additionally, Shizen Malaysia is acting as the lead developer for the consortium, while UOB Malaysia is acting as the mandated lead arranger and sole lender for the project finance facility.
The project will provide Google with energy attributes generated from the solar plant to support its objective of operating on carbon-free energy through real-time, hour-by-hour clean electricity matching. Moreover, it aligns with Malaysia’s National Energy Transition Roadmap, which targets a 70 per cent renewable energy share by 2050, and is expected to contribute to the country’s broader decarbonisation goals.
In October 2025, Shizen Energy finalised renewable energy purchase agreements with Microsoft for four solar projects in Japan, taking the total contracted capacity to 100 MW. These 20-year agreements cover projects located across the Kyushu and Chugoku regions.
