EcoWorld Secures RM119 Million Deal with Deye for Solar Manufacturing Hub in Iskandar Malaysia
Eco World Development Group Bhd (EcoWorld) has entered into a significant transaction with Deye New Energy Technology (Malaysia) Sdn Bhd, selling 32.9 acres of industrial land at Eco Business Park II (EBP II) in Senai, Iskandar Malaysia for RM119 million. This deal reinforces Johor’s growing reputation as a magnet for green technology and high-tech manufacturing.
Deye Malaysia is a subsidiary of Ningbo Deye Technology Co, a publicly listed Chinese firm known globally for its advanced solar inverters and photovoltaic (PV) systems. The company plans to invest up to US$150 million (RM668 million) to establish a state-of-the-art solar equipment manufacturing facility in Malaysia.
Strengthening Malaysia’s Position in the Green Energy Supply Chain
The acquisition marks a pivotal step for both EcoWorld and Malaysia’s renewable energy ambitions. Deye’s investment will cover not just solar inverters, but also energy storage systems, positioning Eco Business Park II as a key node in Southeast Asia’s clean energy supply chain.
EcoWorld’s Deputy CEO Liew Tian Xiong expressed enthusiasm for the partnership, stating:
“We are delighted to welcome Deye to EBP II. This partnership aligns perfectly with our mission to support companies that contribute positively to the global green economy.”
Liew emphasized that Deye’s entry into Iskandar Malaysia signals growing interest from Chinese manufacturers in high-growth, low-carbon industries, reaffirming EcoWorld’s appeal as a strategic base for forward-thinking businesses.
Why This Matters for Iskandar Malaysia and Malaysian Property Investors
With solar adoption rising across ASEAN, Deye’s facility will serve the entire Southeast Asian market, producing essential solar components such as inverters and storage systems. The presence of a global leader like Deye at EBP II is expected to:
- Attract other supply chain players, including component manufacturers, engineers, and service providers
- Create high-skilled job opportunities in green tech, engineering, and logistics
- Enhance demand for nearby commercial and residential real estate
For property investors, this development suggests long-term value appreciation in the surrounding areas, especially in Senai, Skudai, Kulai, and Iskandar Puteri. Increased industrial activity generally boosts housing demand, retail growth, and infrastructure investment.
Malaysia’s Push Toward Renewable Energy Manufacturing
The Malaysian government has made it clear that renewable energy and clean tech are national priorities under the National Energy Transition Roadmap (NETR). Foreign direct investments (FDI) like Deye’s RM668 million project help:
- Expand local renewable energy expertise
- Create industrial clusters supporting sustainable tech
- Generate positive environmental and economic outcomes
This move also supports Malaysia’s goal of becoming a regional hub for clean manufacturing and aligns with global ESG standards that investors now closely monitor.
Final Thoughts: Industrial Property in Johor Gaining Momentum
EcoWorld’s EBP II continues to emerge as a strategic industrial hub, with demand driven by the influx of multinational corporations in tech and green energy sectors.
This RM119 million land sale not only underlines investor confidence in Malaysia’s economic landscape but also highlights the increasing importance of industrial parks as value-generating assets.
Deye’s presence at EBP II is a strong signal to other international firms that Johor — particularly Iskandar Malaysia — is a future-ready destination for innovation, production, and clean energy excellence.
