VCI Global Expands Upstream into Energy Infrastructure With Up to 250MW Solar Initiative Positioned to Supply AI Data Centres in Malaysia

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

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

Market Reality Check

$0.5765 Last Close

Volume Volume 665,980 is well below the 20-day average of 2,908,870, suggesting muted trading interest ahead of the news. low

Technical Shares at $0.6301 are trading well below the 200-day MA of $77.57, indicating a prolonged downtrend.

Peers on Argus

Peers in Consulting Services showed mixed moves, with names like GRNQ up 3.98% while AERT and ROMA declined. VCIG’s 3.46% gain appears more stock-specific than sector-driven.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 12	Capital structure action	Positive	-2.2%	Ended ELOC to simplify capital structure and refocus on AI and digital assets.
Dec 04	Spin-off / IPO plan	Positive	+17.9%	Approved VCCG spin-off at US$168M valuation under dual-track IPO strategy.
Dec 02	RWA consultancy win	Positive	+0.9%	Secured US$200M Bridge Gold stablecoin RWA consultancy mandate via Smart Bridge.
Dec 01	Strategic transformation	Positive	-6.3%	Announced shift to AI infrastructure, stablecoin rails, and digital asset advisory.
Nov 26	Token accumulation	Positive	-5.4%	Invested US$1.0M to add ~4.17M OOB tokens under digital asset treasury plan.

Pattern Detected

AI, digital asset, and restructuring news often skew positive in tone, but price reactions have been inconsistent, with several strategic updates followed by negative or modest moves.

Recent Company History

Over recent months, VCIG has focused on AI infrastructure, digital assets, and capital structure moves. Key steps included a US$168M VCCG spin-off plan with a 30% retained stake, a US$200M RWA consultancy mandate, and expansion of its Digital Asset Treasury strategy. The ELOC conclusion on Dec 12, 2025 aimed to simplify capital structure. Today’s AI‑linked solar platform deepens the pivot into infrastructure that underpins data and AI workloads, extending earlier AI and digital initiatives into the energy layer.

Market Pulse Summary

This announcement outlines a utility-scale solar platform of up to 250 MW with indicative project value of US$200–300 million and potential contracted revenue of US$360–480 million over 20 years. It extends VCIG’s AI and data-centre strategy into upstream energy infrastructure. Investors may track progress from MoU to definitive agreements, grid approvals, power purchase contracts, and how this capital-intensive project fits alongside recent financing and AI infrastructure initiatives.

Key Terms

solar photovoltaic technical

"to develop a utility-scale solar photovoltaic platform of up to 250 megawatts"

Solar photovoltaic is a technology that converts sunlight directly into electricity using panels made of materials that generate a flow of electrons when struck by light. For investors, it matters because photovoltaic systems create predictable, long-lived revenue or cost savings from producing power, and their economics—installation cost, efficiency, lifespan, and government incentives—drive returns much like the performance and upkeep of a factory determine its profit.

power purchase agreements financial

"support long-term power purchase agreements with utilities, industrial users, and data centre operators"

A power purchase agreement is a long-term contract in which a buyer agrees to purchase electricity from a specific generator at a set price and schedule, much like a multi-year subscription for energy. For investors, these contracts matter because they lock in predictable revenue and price terms, reducing exposure to volatile wholesale power markets and making project cash flows and financing risks easier to evaluate.

battery energy storage system technical

"remaining future-ready for battery energy storage system integration"

A battery energy storage system is a device that stores electricity for later use, much like a rechargeable battery for a phone or laptop. It allows energy generated during times of low demand or from renewable sources to be saved and released when needed, helping to balance supply and demand. For investors, it represents a way to support reliable energy flow and capitalize on the increasing demand for flexible, clean power solutions.

AI-generated analysis. Not financial advice.

Utility-Scale Platform with Indicative US$200-300 Million Project Value and Up To US$360-480 Million in Long-Term Contracted Revenue Potential

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$0.8 to 1.2 million per megawatt, implying an indicative gross project value of US$200 to 300 million upon full development and commissioning.

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$18 to 24 million and potential cumulative contracted revenue of US$360 to 480 million over a 20-year operating life, subject to final tariff structures, grid connection approvals, and offtake arrangements.

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 31% by 2025 and 40% by 2035, reinforcing long-term structural demand for large-scale renewable energy platforms. VCI Global believes renewable energy availability is becoming a critical gating factor for data center expansion, and this project positions the Company as a key enabler of Malaysia’s AI-driven digital economy.

“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

What capacity and land are planned for VCI Global's Malaysia solar project (VCIG)?

The project targets up to 250 MW of solar on approximately 600 acres at Lipat Kajang, Malacca.

What is the indicative project value and timeline for VCI Global's (VCIG) solar platform?

Indicative gross project value is US$200–300 million; development and commissioning timing depend on approvals and offtake finalisation.

How much annual power and revenue could VCI Global's (VCIG) solar project generate?

Estimated annual generation is 350–450 GWh, implying indicative annual gross revenue of US$18–24 million subject to final tariffs.

What cumulative contracted revenue does VCI Global (VCIG) project estimate over 20 years?

Based on illustrative assumptions, potential cumulative contracted revenue is US$360–480 million over a 20‑year operating life.

Who is VCI Global partnering with for the Malaysia 250 MW solar initiative (VCIG)?

VCI Global executed an MoU with DPS Energy, a subsidiary of DPS Resources listed on Bursa Malaysia.

How will VCI Global's (VCIG) solar platform serve AI data centres in Malaysia?

The platform is structured to support long‑term power purchase agreements and be future‑ready for battery storage to meet hyperscale data centre demand.