Masdar Wins Landmark PPA to Build Southeast Asia’s Largest Floating Solar Plant in Malaysia

Abu Dhabi Future Energy Company PJSC, Masdar, has entered the Malaysian market with a landmark power purchase agreement to develop a 200MW floating solar photovoltaic project, a move that immediately places the UAE-backed developer at the centre of Southeast Asia’s clean energy buildout. This is the first project under a broader 10GW renewable energy roadmap agreed between Masdar and the Malaysian Investment Development Authority in 2023. The $208 million Chereh Dam project anchors Malaysia’s push toward a 35 percent renewable energy mix by 2030.
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