Shizen Energy deepens collaboration with Google with new solar project in Malaysia
Strategic collaboration expands from Japan to Southeast Asia, supporting Google’s clean energy goals.
TOKYO, Japan, December 15, 2025 – Shizen Energy Inc. (“Shizen Energy”) announced today that the project company SM 01 Sdn. Bhd. has achieved Financial Close for the 29.99 megawatt (MW) solar power project (the “Project”) under Malaysia’s Corporate Green Power Programme (CGPP) and signed a Power Purchase Agreement (PPA) with Google.
This landmark agreement is one of Google’s first inaugural PPAs under the Malaysia CGPP and was executed following the successful collaboration between the two companies in Japan in May 2024. For Shizen Energy Group, this signifies a crucial milestone as its first utility-scale solar project in the fast-growing Malaysian market.
Meeting data center demand with clean energy
This Project directly supports Google’s goal of running its operations on carbon-free energy. The Project will supply Google with energy attributes from the solar power plant, providing critical regional support for achieving real-time, hour-by-hour clean electricity consumption.
The collaboration is also instrumental in advancing Malaysia’s decarbonization objectives outlined in its National Energy Transition Roadmap (NETR), which targets 70% renewable energy share by 2050.
Driving cross-border decarbonization and local value
This transaction reinforces the recent diplomatic emphasis on decarbonization between Japan and Malaysia. Beyond the environmental contribution, this Project is led by a strong team of local and regional experts at Shizen Malaysia Sdn. Bhd., Solarvest Asset Management Sdn. Bhd. (“Solarvest”) and HSS Engineering Sdn. Bhd. (“HSS”), to generate local value, stimulate clean energy job creation, and support the broader Malaysian supply chain. This cross-border initiative is instrumental in translating bilateral commitments into real-world clean energy assets, while advancing Malaysia’s NETR objectives toward a more sustainable energy future.
Shizen Energy’s strategic expansion in Southeast Asia
For Shizen Energy, this PPA elevates its status as a key renewable energy partner for global corporations in Asia. The move from small-scale C&I projects to utility-scale PPAs under the CGPP is a major strategic leap, cementing Shizen Energy’s commitment to the region.
“The successful expansion of our collaboration with Google from Japan to Malaysia underscores the trusted relationship we have built and validates Shizen Energy’s capability to deliver large-scale, complex renewable energy solutions across borders. As our first utility-scale project in Malaysia, this 29.99 MWac facility is a flagship for our Southeast Asia growth strategy and significantly contributes to our cumulative regional capacity. We see Malaysia as a key market and aim to continue strengthening our leadership and expanding our presence in the region.” said Kenji Kawado, CEO, Shizen International Inc.
“This milestone demonstrates the strength of our collaboration with Solarvest and HSS, supported by the facilitation of government and state agencies throughout the process. Beyond advancing Malaysia’s clean energy transition, this project contributes to local economic development and supports the goals outlined in the NETR. With our technical expertise and commitment to sustainable development, we are proud to play a role in strengthening Malaysia’s renewable energy ecosystem.” said Reza Ikram, CEO, Shizen Malaysia Sdn. Bhd.
“We are excited to expand our collaboration with Shizen Energy to Malaysia. Our work together demonstrates our long-term commitment to the market. By investing in this capacity ahead of our operational needs, we are supporting local economic growth and contributing to the resilience of the electricity system where we operate,” said Srinath Iyer, Head of Commercial Structuring for Energy, Google.
Project and consortium overview
The 29.99 MWac Project is located in Gurun, Kedah, Malaysia, and has successfully achieved Financial Close on November 03, 2025. It is scheduled to achieve its Commercial Operation Date (COD) in 2027.
The solar power plant is being developed, constructed, and owned by SM01 Sdn. Bhd., a consortium comprising Shizen Malaysia (49%), Solarvest (33%), and HSS (18%). Shizen Malaysia serves as the lead developer for the consortium. UOB Malaysia is acting as the mandated lead arranger and sole lender for the project finance facility.
About Shizen Energy Group
Shizen Energy Group’s purpose is “We take action for the blue planet”. Since its establishment in 2011, the company has been involved in the development, procurement, construction, operation, and maintenance of more than 1 GW of renewable energy generation capacity primarily in Japan. The Group is expanding its business overseas, including in Southeast Asia, where it aims to accelerate the adoption of renewable energy by corporations and contribute to the realization of a sustainable society.
Reference: Shizen Energy Group’s track record in Malaysia
The Group’s cumulative capacity in Malaysia is approximately 60 MWp. Prior to the utility-scale Google VPPA, Shizen Energy Group developed and delivered corporate C&I rooftop PPA projects:
- Top Glove Corporation: Multiple corporate PPAs involving the construction of rooftop solar power plants at the world’s largest rubber glove manufacturer’s factories.
- Hokto Malaysia Sdn. Bhd.: A 20-year on-site PPA signed in March 2023 with the Malaysian subsidiary of Hokto Corporation, a leading Japanese mushroom producer.
