Malaysian clean energy firm Solarvest Holdings Berhad has on Friday established a new wholly-owned subsidiary, Solarvest (Taiwan) Corp Ltd (STCL) in Taipei, Taiwan, with the strategic intent to strengthen its market presence and explore clean energy project opportunities in the country.
Solarvest said in a statement that the firm has an active pipeline of projects in Taiwan, supported by 200.0 MWp of clean energy project opportunities.
Following the group’s previous collaboration with Taiwan-listed solar investor and contractor company Hsinjing Holding Corporate Limited (Hsinjing) to develop solar projects, the group said the establishment of STCL further solidifies its foothold in Taiwan and opens opportunities for ventures into other renewable energy sources such as wind energy throughout the country.
Solarvest Executive Director and Group Chief Executive Officer Davis Chong Chun Shiong said the foothold in Taiwan will further strengthen the group’s regional presence.
“Taiwan presents a promising landscape for Solarvest’s expansion, driven by the nation’s ambition to achieve 30.0 GW of solar energy and 20.7 GW of wind energy by 2030 and 2035, respectively,” he said.
According to him, Taiwan’s current solar energy generation stands at around 11.0 GW, while wind energy production is at 6.0 GW, revealing tremendous potential for the group to further advance Taiwan’s renewable energy ambitions.
“At Solarvest, we remain committed to being a trusted partner in supporting the global energy transition towards a sustainable future.
“As Solarvest advances ahead, we are transforming into a holistic clean energy developer, actively participating as an asset owner or co-developer in our overseas projects,” he said.
In tandem with the group’s five-Year strategic roadmap, he said the firm is also exploring other clean energy sources, particularly in the development of wind energy projects alongside its focus on solar projects in Taiwan.
As a clean energy expert with a multi-national presence across Asia-Pacific, Solarvest engages across the clean energy value chain encompassing development, financing, engineering, construction, operation, and maintenance of solar photovoltaic (PV) assets.
The Malaysia-based company started as a one-stop solar photovoltaic system solution provider for residential, commercial and industrial, and utility-scale solar farms.
The group owns renewable energy generation plants with a cumulative capacity of approximately 100 megawatt-peak (MWp).
Additionally, Solarvest has a proven track record with a clean energy capacity of 1.0 gigawatt (GW) for both completed and ongoing projects, which is set to be further bolstered by a robust tender book of approximately 2.5 GW.
The company is currently venturing into other clean energy solutions including, among others, energy efficiency, low-carbon mobility, and renewable energy certificates.
Going beyond solar, the firm is venturing into new sustainable solutions across the clean energy ecosystem, such as energy efficiency (EE) solutions, energy storage systems (ESS), low-carbon mobility (EV) ecosystem, renewable energy certificates (REC), green hydrogen, and green data centers.
Solarvest earlier demonstrated expertise in the installation of large-scale solar plants (LSS), as exemplified by the installation of a 50 MW large-scale solar farm for Malaysia’s utility provider, TNB Engineering Corporation Sdn Bhd.
Aligned with the growing adoption of clean energy across the commercial and industrial (C&I) rooftop project landscape, the group’s portfolio boasts services provided to a diverse multinational clientele.
This includes the monumental rooftop solar PV project with NEFIN Group and Petroliam Nasional Berhad (Petronas), to power up a total of 27 outlets of the renowned hypermarket chain, Lotus’s Malaysia.
Having worked with NEFIN Group on several successful solar projects, Solarvest is extending its partnership with NEFIN Group to further develop projects across the Asia Pacific region.
Malaysian clean energy firm Solarvest embarks strategic initiatives to expand into Singapore and Brunei

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