Development of a 500-megawatt hybrid solar plant in Malaysia under joint venture between Hexa Renewables, UEM Group and ITRAMAS Corporation

Acted for HEXA, a portfolio company of US-based infrastructure investor I Squared Capital, in its joint venture with UEM Lestra Berhad, a wholly-owned subsidiary of Malaysia’s sovereign wealth fund Khazanah Nasional Bhd, and ITRAMAS Corporation Sdn. Bhd. (“ITRAMAS”) to develop a 500-megawatt hybrid solar plant in Malaysia. Partner Shemane Chan from the Energy & Resources Practice Group, Partners Janice Pui and Favian Tan from the Capital Markets and Mergers & Acquisitions Practice Groups in Rajah & Tann Singapore led the transaction, alongside Partners Por Chuei Ying and Lim Siaw Wan from Christopher & Lee Ong.