TNB forms joint venture with Luminous Aspect, SME consortium for 500MW solar project

• Tenaga Nasional's subsidiary TNB Renewables signed a solar joint venture agreement with Luminous Aspect and CSP 500MW on November 3, 2026.
• The project in Bahau, Negeri Sembilan, comprises 500MWac of solar capacity with a 250MW/1,000MWh battery energy storage system.
• TNB Renewables holds 70% of the venture; IOI subsidiary Luminous Aspect owns 25%, with SME consortium CSP 500MW holding 5%.
• The parent will inject up to RM 424.4 million through Ordinary Shares and Redeemable Preference Shares into TNB Renewables for the project.
• Maximum equity capitalization is RM 606.2 million, with a planned debt-to-equity ratio of up to 80:20, subject to funding conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TNB - Tenaga Nasional Berhad published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3721716) on November 03, 2026, and is solely responsible for the information contained therein.