Awarded by Classic Solar Farm Sdn Bhd, the new contract will see Solarvest building the largest LSS plant in Perlis.
Solarvest said it would undertake the main engineering, procurement, construction, and commission (EPCC) works for the 50 megawatts (MW) solar farm in Chuping.
The latest contract increases Solarvest's EPCC orders from the LSS@Mentari programme to about RM371 million.
Group chief executive officer Davis Chong Chun Shiong said the project's clean energy generation would offset about 78,450 tonnes of carbon per year upon commencement.
"We are thrilled to be entrusted to build yet another landmark project and help unlock clean energy from the Northern region. With this project win, our unbilled orderbook has increased to RM583 million, probably one of the largest solar EPCC orderbook in Malaysia today," he said in a statement today.
Chong said it would be busy year ahead for Solarvest as the company steadfastly grew its market share across all its key market segments.
"The group is collectively tendering for about 1,000MWp worth of projects across our Malaysia, Taiwan and Philippines operations. In tandem with the growth plans, we are scaling up our workforce to cater to the rising demand," he added.
Chong said Solarvest continued to create more job opportunities and contribute positively to the local economy despite the challenging time.
"This further strengthens our confidence that renewable energy will continue to play an important role in fuelling economic recovery in Malaysia," he added.
Solarvest remains upbeat on the industry outlook albeit temporary setbacks, such as the increase in raw material prices, underpinned by the rise in private large-scale power plant projects and investment inflows.