Northern Solar Bags 189MW Data Centre Deals: Stock to Watch

Q: What is Northern Solar's stock code on Bursa Malaysia?

Northern Solar Holdings Bhd trades under the stock code KL:NORTHERN . The group moved from the ACE Market to the Main Market on Oct 6.

Q: How much did Northern Solar's share price close at after the 189MW announcement?

Northern Solar closed down 4 sen, or 3.54%, at RM1.09 on Monday. That valued the group at RM431.2 million .

Q: How big is Northern Solar's unbilled order book?

Northern Solar's unbilled order book stood at RM189.3 million as at end-June 2026. The company has not yet disclosed the value of the two new data centre awards.

Quick Answer: Northern Solar Holdings Bhd (KL:NORTHERN) has secured two letters of award to supply renewable energy from solar projects totalling 189MW, paired with battery storage, to two data centres under the Corporate Renewable Energy Supply Scheme (CRESS). The deal values were not disclosed, but the group expects the projects to contribute positively to earnings and net assets per share during execution. Shareholders should watch for the definitive agreements, which the company says will bring further announcements.

What Did Northern Solar Win in the 189MW Data Centre Deals?

Northern Solar secures solar-plus-battery projects totalling 189MW for data centres — Northern Solar’s 189MW solar-plus-battery awards for two data centre projects

The awards were received through wholly owned subsidiary Northern Solar Assets Sdn Bhd and disclosed to Bursa Malaysia on Monday (Nov 2). Both fall under the Corporate Renewable Energy Supply Scheme (CRESS).

Project 1: 100MW solar facility with a battery energy storage system (BESS), serving a data centre that requires 262.8 million kWh of electricity a year.
Project 2: 89MW solar facility with BESS, serving a second data centre that requires 233.89 million kWh of electricity a year.

How Much Power Will the Two Data Centres Need?

The two data centres have a combined annual electricity requirement of approximately 496.69 million kWh. That single figure is the clearest measure of the demand behind the contracts, since the company has not disclosed their value.

Who Are the Buyers Behind the Undisclosed Deals?

Northern Solar did not name the awarding parties, citing confidentiality provisions. It said the first award came from a Malaysian company involved in property investment and data centre infrastructure.

The second came from a Malaysian subsidiary of a Singapore-based data centre services operator. Commencement dates for both projects have not been finalised.

Is Northern Solar Shifting From Construction to Owning Renewable Assets?

The awards support the group’s push beyond its traditional solar engineering and construction business into owning renewable energy assets. Apex Securities said in September that Northern Solar was finalising a potential 170MW solar-plus-storage project under CRESS, which could move the group towards recurring income from long-term electricity supply agreements. It is unclear whether the latest awards relate to that project.

Northern Solar also won a RM34 million contract in October to develop a 9.5MW large-scale solar photovoltaic plant. That lifted its total contract wins for the year to RM153.4 million at that point.

Its unbilled order book stood at RM189.3 million as at end-June 2026. Investors may want to compare how quickly these new awards convert into that backlog once contracts are signed.

How Did Northern Solar’s Share Price React?

Northern Solar shares closed down 4 sen, or 3.54%, at RM1.09 on Monday. That valued the group at RM431.2 million.

The stock moved to the Main Market from the ACE Market on Oct 6. A related Edge report says the stock has hit a new all-time high as its winning streak continued.

Key Takeaways

Northern Solar secured two awards totalling 189MW of solar-plus-BESS capacity under CRESS.
The two data centres need about 496.69 million kWh of electricity a year combined.
Deal values and buyer names are undisclosed, and commencement dates are not finalised.
The unbilled order book stood at RM189.3 million as at end-June 2026.

📊 On AI Stock Terminal: NORTHERN quarterly results · NORTHERN announcements

Disclaimer: This article is for general information only and does not constitute investment advice or a recommendation to buy, sell or hold any security. Figures are taken from the company’s Bursa Malaysia filings and reporting by The Edge. Always do your own research before making any investment decision.

Frequently Asked Questions

What is Northern Solar’s stock code on Bursa Malaysia?

Northern Solar Holdings Bhd trades under the stock code KL:NORTHERN. The group moved from the ACE Market to the Main Market on Oct 6.

How much did Northern Solar’s share price close at after the 189MW announcement?

Northern Solar closed down 4 sen, or 3.54%, at RM1.09 on Monday. That valued the group at RM431.2 million.

What is the CRESS scheme that Northern Solar’s projects fall under?

CRESS stands for the Corporate Renewable Energy Supply Scheme. Both of Northern Solar’s latest awards, covering 189MW in total, fall under it.

How big is Northern Solar’s unbilled order book?

Northern Solar’s unbilled order book stood at RM189.3 million as at end-June 2026. The company has not yet disclosed the value of the two new data centre awards.

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