Kuala Lumpur, 22 April 2026 – AmBank Group has extended RM102.4 million in financing facilities to Gajahsuria Power Sdn Bhd, supporting the development of a large-scale solar project in Perak as Malaysia accelerates its transition towards renewable energy.
The financing will fund a 29.99 megawatt alternating current (MWac) Large Scale Solar 5 (LSS5) project located in Kampung Gajah, a key initiative under the Energy Commission’s national renewable energy programme.
Expanding Malaysia’s Solar Capacity
The solar photovoltaic plant, with an estimated project value of RM128 million, is expected to be operational by July 2027, contributing to Malaysia’s growing clean energy capacity.
The project is developed by Gajahsuria Power, a consortium involving Sun Energy Ventures, BayWa re Energy Solutions, and Constant Energy Malaysia Holding, with the latter serving as the lead developer responsible for execution and operations.
Supporting Energy Transition and Sustainability Goals
The financing underscores AmBank’s continued commitment to sustainable finance and green infrastructure development.
The project is expected to:
- Reduce reliance on fossil fuels in Peninsular Malaysia
- Support national decarbonisation targets
- Generate economic and social benefits at the local level
AmBank noted that partnerships with experienced renewable energy players are critical in delivering scalable and impactful energy solutions.
Strengthening Renewable Energy Ecosystem
Gajahsuria Power, incorporated in January 2025, was established as a special purpose vehicle to manage the full lifecycle of the project, including development, financing, engineering, construction, and long-term operations.
The involvement of regional players such as Thailand-based Constant Energy highlights growing cross-border collaboration in Southeast Asia’s renewable energy sector.
The Ledger Asia Insights
AmBank’s latest solar financing reflects a broader structural shift in Malaysia’s financial and energy landscape, where banks are increasingly playing a central role in funding the green transition.
For Asian investors, three key implications emerge:
1. Green Financing Momentum Accelerates
Banks are actively deploying capital into renewable energy projects, signalling long-term commitment to sustainability.
2. Solar as a Key Growth Segment
Large-scale solar projects under programmes like LSS5 are becoming a core pillar of Malaysia’s energy strategy.
3. Regional Collaboration Expands
Cross-border partnerships in renewable energy are strengthening Southeast Asia’s position as a clean energy investment hub.
The project represents more than infrastructure development. It signals Malaysia’s accelerating shift towards a low-carbon economy, with financial institutions playing a pivotal role in enabling that transition.
