1MDB and US firm in solar tie-up


Source of energy: The Integrated Renewable Energy Park that replaces the Pajam landfill.

PETALING JAYA: US private equity firm DuSable Capital Management LLC and 1Malaysia Development Bhd (1MDB) will work together on the country’s largest 50MW solar farm in Kedah.

“DuSable will be the investment adviser to a private equity fund in which 1MDB will be a limited partner. The private equity fund and 1MDB are working together jointly to invest in a solar energy project in Malaysia,” according to documents filed with the US Department of Justice.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , DuSable , 1MDB

Next In Business News

UOA Development 2Q net profit increases to RM95.59mil, revenue rises to RM221.2mil
PMW International secures additional RM19.3mil TNB contract
CBH Engineering bags RM60mil data centre contract
Samaiden 4Q net profit more than doubles, declares 1 sen dividend
PETRONAS Gas 2Q net profit rises to RM453.3mil
Southern Cable upbeat on prospects, backed by RM1.36bil order book
MN Holdings FY26 net profit nearly doubles to RM92.1mil
Keyfield International acquires mega dredger for RM99.7mil
QL Resources' 1Q net profit rises to RM100.7mil
PPB Group's net profit jumps to RM338.08mil in 2Q, revenue slips to RM1.3bil

Others Also Read