VCI (US:VCIG) Globenewswire·2025-12-19 13:08Core Insights - VCI Energy Sdn Bhd is expanding into infrastructure-scale energy by partnering with DPS Energy to develop a utility-scale solar photovoltaic platform of up to 250 megawatts in Malaysia, with a project value estimated between US$200 to 300 million and potential long-term contracted revenue of US$360 to 480 million [1][4]. Group 1: Project Overview - The project will support the growing demand for data center power driven by AI and cloud workloads, with an estimated annual generation of approximately 350 to 450 gigawatt-hours (GWh) [2][3]. - The solar platform is designed to facilitate long-term power purchase agreements with utilities and data center operators, while also being prepared for future battery energy storage integration [2][4]. Group 2: Financial Projections - At full scale, the project is expected to generate an annual gross revenue of US$18 to 24 million, with cumulative contracted revenue projected at US$360 to 480 million over a 20-year operating life [4]. - The valuation of utility-grade solar assets is estimated at approximately US$0.8 to 1.2 million per megawatt, indicating a significant gross project value upon completion [3][4]. Group 3: Strategic Alignment - The initiative aligns with Malaysia's goals to increase renewable energy capacity to 31% by 2025 and 40% by 2035, positioning VCI Global as a key player in supporting the country's digital economy and renewable energy infrastructure [5][6]. - The project is seen as a critical step in enhancing access to reliable renewable power, which is essential for the expansion of AI and hyperscale data centers in Malaysia [6][5].