KUALA LUMPUR: Clean energy expert Solarvest Holdings Bhd has partnered Taiwanese renewable energy player GreenRock Energy to accelerate the development of green energy solutions in Taiwan and Malaysia.
GreenRock Energy’s target is to achieve one gigawatt (GW) of renewable energy projects in the next years. Hence, the partnership is a milestone for the company.
“Through this collaboration, GreenRock Energy anticipates to advance its regional expansion by leveraging Solarvest’s strengths in Malaysia and the Southeast Asia market, thereby driving the region’s energy transformation and sustainable development,” Solarvest said in a statement.
“GreenRock Energy is optimistic about Malaysia’s green energy prospects and is committed to ‘lead the energy revolution in creating a low-carbon future’,” the statement said.
The company, being the first Taiwanese enterprise to participate in the Malaysian government’s green energy projects, recognises Malaysia’s potential that aligns with the government’s goal of reaching 40% green energy by 2035.
As of March 2024, Solarvest has achieved a 1.2GW project track record regionally, with 440MW of projects under construction and 348MW of solar assets, representing its leadership position and extensive regional experience.
Solarvest provides comprehensive services, including solar development, design, applications, construction, operation, maintenance, and asset management.
Besides Malaysia, Solarvest has developed renewable energy businesses in Taiwan, Singapore, the Philippines, Vietnam, Thailand, and Indonesia.
It has collaborated with GreenRock Energy on large-scale agri-voltaic and aquavoltaic projects, targeting a total of 500MW projects in Taiwan.
— BERNAMA
