Tadaa Technology to provide AI stack for 360 MW Malaysian solar farm
Treasure Global's Malaysian subsidiary Tadaa Technology has signed a partnership with renewable energy developer Kainan Sdn Bhd to provide the AI-powered technology layer for a proposed 360-megawatt solar farm in Malaysia. The project covers approximately 1,000 acres and carries a stated development value of US$367 million. Power generated will be supplied to a data centre under a 25-year offtake arrangement, and Tadaa is targeting roughly US$7.3 million in annual technology-related revenue once the system is fully operational.
Under the terms of the partnership, Tadaa will deliver what it describes as an AI-powered digital backbone encompassing IoT-enabled infrastructure, real-time performance monitoring, predictive maintenance, data analytics and secure cloud integration. The scope positions Tadaa as a technology-services vendor rather than a developer or equity owner in the underlying solar asset, a distinction worth noting for investors assessing the company's risk exposure and revenue quality.
Deal context
Acting chief executive Sam Teo said the project gives Tadaa a "strong track record" opportunity in AI-enabled energy management. "As data-centre energy demand and renewable-energy infrastructure continue to grow," Teo said, "intelligent monitoring, analytics and predictive capabilities will become increasingly important in improving asset performance, operational efficiency and the reliability of large-scale renewable-energy infrastructure."
The release did not disclose the contractual structure governing the US$7.3 million annual revenue target, nor whether payments are milestone-linked, subscription-based or contingent on the project reaching its full 360 MW capacity. The project itself remains at the proposed stage, subject to regulatory approvals, permitting and financing. The forward-looking disclaimer accompanying the release flags a notably broad list of execution risks, including project financing, data-centre power demand and changes in Malaysia's renewable-energy policy.
Market and regulatory backdrop
Malaysia's National Energy Transition Roadmap targets 40% renewable capacity by 2035 and 70% by 2050, and the forthcoming Large-Scale Solar 6 programme is expected to add around 2,650 MW of new capacity to the domestic pipeline. That policy backdrop is creating a meaningful addressable market for technology-services vendors able to wrap AI monitoring and predictive analytics around solar and storage assets, particularly as data-centre operators in Southeast Asia face growing pressure to demonstrate clean-energy procurement credentials.
Globally, solar PV installed capacity roughly doubled between 2020 and 2024, reaching approximately 1,865 GW according to the IEA, and annual investment in the sector was projected to approach US$450 billion in 2025. Within this expanding market, AI-enabled asset-performance management is an emerging but competitive niche, with established industrial software vendors, energy-focused AI startups and hyperscaler-adjacent platforms all pursuing similar monitoring and optimisation use cases. Tadaa's competitive edge will rest on whether it can demonstrate measurable performance uplift relative to conventional SCADA and asset-management systems.
What to watch
Treasure Global is listed on NASDAQ under the ticker TGL and is primarily known for its ZCITY consumer super-app platform, which had 2.71 million registered users as of March 2026. The pivot toward large-scale renewable energy infrastructure marks a meaningful strategic step beyond its retail and e-payment origins. Investors and analysts will be looking for a construction timeline, confirmation of project financing, and evidence of the data-centre offtaker's identity as the clearest signals of whether the partnership will translate into the targeted recurring revenue stream.