Blueleaf Energy, Universal Peak reach financial close on Malaysia BESS project

United Overseas Bank

02/09/2026 05:36

Sept 2 (Reuters) - Singapore-headquartered Blueleaf Energy and Malaysian power infrastructure and engineering firm Universal Peak Sdn Bhd have achieved financial close with United Overseas Bank UOBH.SI for a 100MW/400MWh battery energy storage system (BESS) in peninsular Malaysia.
     
Here are some details:
UOB is serving as the sole lender for the project, the companies said in a joint statement on Tuesday, but did not disclose any financial details.
Construction will proceed under a build, own and operate model.
The project is on track to be commissioned in mid-2027.
BKHM BESS Sdn Bhd, a joint venture between renewable energy platform Blueleaf and Universal, will build the facility.
The project is a cornerstone of Malaysia's inaugural Battery Energy Storage System programme (MyBeST), which is overseen by the Energy Commission (Suruhanjaya Tenaga).
The milestone follows the July launch of Malaysia's Large Scale Solar 6 (LSS6) tender.
Blueleaf is owned by a fund managed by Macquarie Asset Management and operates in Southeast Asia, India and Japan. It has more than 1.3 gigawatt-peak (GWp) of projects in operation or under construction and a pipeline exceeding 13 GWp of generation and roughly 7 GWh of storage. 
GWp is a measure of the maximum power output of a solar power installation under standard test conditions.
Universal provides engineering, procurement, construction, and commissioning (EPCC) services across substations, underground cable systems, overhead transmission lines, and grid interconnection infrastructure in Malaysia.

 (Reporting by Emily Ou Yong; Editing by Rashmi Aich)
 ((emily.ouyong@thomsonreuters.com;))