VCI Global Expands Upstream into Energy Infrastructure With Up to 250MW Solar Initiative Positioned to Supply AI Data Centres in Malaysia
VCI Global (NASDAQ: VCIG) announced a Memorandum of Understanding with DPS Energy to develop a utility-scale solar photovoltaic platform of up to 250 MW on ~600 acres in Malacca, Malaysia.
Sentiment and the balance of points
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Rhea-AI Summary
VCI Global (NASDAQ: VCIG) announced a Memorandum of Understanding with DPS Energy to develop a utility-scale solar photovoltaic platform of up to 250 MW on ~600 acres in Malacca, Malaysia.
The initiative shows an indicative gross project value of US$200–300 million, estimated annual generation of 350–450 GWh, projected annual gross revenue of US$18–24 million, and potential cumulative contracted revenue of US$360–480 million over 20 years, subject to final tariffs, grid approvals and offtake agreements.
Positive
- 250 MW proposed installed solar capacity
- Indicative project value of US$200–300M
- Estimated annual generation 350–450 GWh
- Potential US$360–480M contracted revenue over 20 years
Negative
- Revenue and value projections are subject to final tariffs and grid approvals
- Commercial outcomes depend on securing long-term offtake and battery integration timing
Details
News Market Reaction – VCIG
On Dec 19, the day this news came out, VCIG closed 8.51% below the previous close.
Data tracked by StockTitan Argus for the Dec 19 session.
Key Figures
- Solar capacity
- up to 250 MW
- Planned utility-scale solar photovoltaic platform in Malacca, Malaysia
- Land area
- approximately 600 acres
- Long-tenure land at Lipat Kajang, Bukit Apit II, Malaysia
- Indicative project value
- US$200–300 million
- Gross project value upon full development and commissioning
- Annual gross revenue
- US$18–24 million
- Indicative annual revenue from power purchase agreements
- Contracted revenue potential
- US$360–480 million
- Potential cumulative revenue over 20-year operating life
- Annual generation
- approximately 350–450 GWh
- Estimated yearly solar energy output, subject to final design
- PPA tenor
- up to 20 years
- Assumed duration of long-term power purchase agreements
- Malaysia RE target 2035
- 40%
- National goal for renewable energy capacity by 2035
Historical Context
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Ended ELOC to simplify capital structure and refocus on AI and digital assets.
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Approved VCCG spin-off at US$168M valuation under dual-track IPO strategy.
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Secured US$200M Bridge Gold stablecoin RWA consultancy mandate via Smart Bridge.
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Announced shift to AI infrastructure, stablecoin rails, and digital asset advisory.
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Invested US$1.0M to add ~4.17M OOB tokens under digital asset treasury plan.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
solar photovoltaic technical
power purchase agreements financial
battery energy storage system technical
hyperscale data centres technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Utility-Scale Platform with Indicative US
KUALA LUMPUR, Malaysia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- VCI Energy Sdn Bhd (“VCI Energy” or the “Company”), a renewable energy platform managed and controlled by VCI Global Limited (NASDAQ: VCIG) (“VCI Global”), today announced a major strategic expansion into infrastructure-scale energy following the execution of a Memorandum of Understanding (MoU) with DPS Energy Sdn Bhd (“DPS Energy”), a wholly owned subsidiary of DPS Resources Berhad (“DPS Resources”) (KLSE: DPS), a public listed company listed on the Main Board of Bursa Malaysia to develop a utility-scale solar photovoltaic platform of up to 250 megawatts on approximately 600 acres of long-tenure land at Lipat Kajang, Bukit Apit II, Mukim Sungai Siput, Malacca, Malaysia.
This initiative marks a significant milestone for VCI Global in collaboration with DPS Resources, a Malaysian-listed engineering and energy company with established capabilities in renewable development and project execution. The project positions VCI Global deeper within the energy layer of the AI and data centre value chain, supporting the accelerating build-out of hyperscale data centres and AI-driven digital infrastructure across Malaysia.
Built for Data Centres, AI & Long-Term Power Demand
The project is being structured as an infrastructure-grade renewable energy platform capable of supporting up to 250 MW of installed solar capacity, with estimated annual generation of approximately 350 to 450 gigawatt-hours (GWh), subject to final design and grid conditions. The platform is intended to support long-term power purchase agreements with utilities, industrial users, and data centre operators, while remaining future-ready for battery energy storage system integration.
Demand for data centre power offtake is increasing, driven by the rapid growth of AI and cloud workloads. VCI Global has confirmed that data centre offtake arrangements and adjacent AI infrastructure development are under active evaluation, reflecting strong commercial interest and aligning with the Company’s strategy to support the digital economy through energy and platform-based assets.
Long-Term Infrastructure Value and Revenue Visibility
At full scale, utility-grade solar assets of this size are typically valued at approximately US
Based on industry-standard assumptions for solar irradiation, capacity utilisation, and long-term power purchase agreements with tenors of up to 20 years, the project is designed to generate approximately 350 to 450 (GWh) annually. This equates to an indicative annual gross revenue of US
Aligned With Malaysia’s AI, Data Center & Energy Policy Tailwinds
Malaysia is rapidly emerging as a regional hub for hyperscale data centers and artificial intelligence infrastructure, supported by strong government policy, expanding semiconductor manufacturing, and increasing commitments by global technology leaders. The country has set national targets to raise renewable energy capacity to
“This is not just a solar project; it is an infrastructure platform. As AI, cloud computing, and hyperscale data centres expand across Malaysia, access to large, reliable, and renewable power is becoming mission critical. This initiative marks a decisive step in positioning VCI Global upstream in the energy layer that powers the digital economy,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Energy Limited
VCI Energy Limited is a renewable energy platform managed and controlled by VCI Global Limited (NASDAQ: VCIG), focused on advancing clean energy generation, energy storage, and large-scale infrastructure solutions. The company partners with governments, utilities, and institutional investors to deliver renewable and energy resilience projects that combine sustainability with sovereignty. Leveraging VCI Global’s cross-sector expertise in AI, cybersecurity, and capital markets, VCI Energy is positioned to play a pivotal role in the global transition toward clean and resilient energy systems.
About VCI Global Limited
VCI Global Limited is a cross-sector platform builder at the forefront of technology and financial architecture. The Company focuses on developing and scaling platforms across artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital markets solutions.
By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company’s strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.
For more information on the Company, please log on to https://v-capital.co/.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co
FAQ
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