Windhoek: Malaysia's clean energy firm Solarvest Holdings Bhd said Monday it has partnered with Canada's investment firm Brookfield to jointly develop, construct and operate at least 1.5 gigawatt (GW) of utility-scale solar and battery energy storage projects in Malaysia.

According to Namibia Press Agency, Solarvest stated that under the partnership, the firm will bring its deep local development expertise and strong execution track record, while Brookfield will provide access to large-scale capital, strong global and regional corporate offtake relationships, and proven operational capabilities.

The collaboration with Solarvest marks Brookfield's inaugural investment in Malaysia through its Catalytic Transition Fund, which is Brookfield's primary vehicle to invest in and accelerate decarbonization efforts in emerging markets globally.