TNB Kuala Muda Solar

500MW Kuala Muda PV Solar Project – Sukuk Wakalah

Borrower(s)
TNB Kuala Muda Solar
Industry
Renewables/PV solar
Area of finance
Project & Infrastructure Finance
Region
Asia Pacific
Asia Pacific
Countries
Malaysia

Deal Overview

Tenaga Nasional has issued a RM1.05 billion sukuk wakalah to help finance a 500MWac solar project in Kedah, Malaysia. Proceeds will reimburse pre-financial close project costs, refinance existing borrowings, prefund a six-month finance service reserve account, support initial working capital after...

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Deal Volume
$265m
Financial Close
08/05/2026
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Project Deals

500MW Kuala Muda PV Solar Project
$265m
Greenfield
PV solar
Asia Pacific
Asia Pacific
Malaysia