Successful bid price of office building energy storage project in Malaysia 2026

What is the bidding process for the Bess programme?

For the BESS programme led by the Ministry of Energy Transition and Water Transformation (Petra), the bidding process will be conducted in two stages, starting with a request for qualification (RFQ) where interested bidders may submit their qualifications to the Energy Commission (EC).

How will Bess development impact Malaysia?

BESS development is expected to create new economic opportunities with an estimated investment value of RM2.8 billion. Petra expressed confidence that the initiative will strengthen the resilience and flexibility of Peninsular Malaysia’s grid system, enabling it to accommodate greater capacity for renewable energy (RE) in electricity supply.

Why should you invest in Bess in Malaysia?

BESS offers not only environmental benefits but also lucrative investment opportunities. As Malaysia works towards reducing its carbon footprint and meeting green energy targets, BESS provides a reliable, efficient solution to store and distribute green energy from intermittent renewable sources such as solar, biomass, biogas, and hydropower.

How many MW is a Bess project?

Petra said the inaugural development of BESS will offer a capacity totalling 400 megawatts (MW) and 1,600 megawatt-hours (MWh). The ministry explained that the BESS development will be divided into four separate projects, each with a capacity of 100MW/400MWh, and is expected to achieve commercial operation dates starting in 2026.

How much does a Bess project cost?

Each project must start operations by 2026 and is expected to have commercial operations spanning over a period of 15 years. Solarvest Holdings Bhd (KL: SLVEST) group CEO Davis Chong estimates the installation cost of BESS to be around US$200 per kilowatt-hour (kWh), translating to about RM400 million for the 400mwh project.