Blueleaf and Universal Peak Close Malaysia BESS Financing
Blueleaf Energy and Universal Peak have secured financing from United Overseas Bank for a major battery storage project in Malaysia. The joint venture will build the storage system under an independent model with commissioning expected by mid-2027.
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Singapore-headquartered Blueleaf Energy and Malaysia infrastructure firm Universal Peak secured financing from UNITED OVERSEAS BANK LTD for a 100MW/400MWh battery storage system. The project anchors Malaysia's inaugural Battery Energy Storage System programme, known as MyBeST. Commercial operation is scheduled for mid-2027, expanding grid capacity as renewable integration accelerates.
