SELANGOR: Solarvest Holdings Berhad (“Solarvest”) and NCT Group of Companies (“NCT Group”) are thrilled to announce the launch of Phase One of their joint development project at the NCT Smart Industrial Park (NSIP), featuring over 270 factories. This initiative marks the creation of the region’s first solar-ready industrial park, a significant milestone in advancing sustainable industrial infrastructure in Malaysia.
Through their partnership, Solarvest and NCT Group are committed to simplifying and promoting solar energy adoption, making clean energy more accessible, affordable, and appealing to business owners. As the developer of NSIP, Malaysia’s First Certified Managed Industrial Park (MIP), NCT Group capitalizes on bulk purchasing for solar systems, offering substantial cost savings for factory owners. This strategy removes the complexities of individual solar procurement, streamlining the decision-making process for businesses to embrace clean energy.
Dato’ Sri Yap Ngan Choy, Founder and Group Managing Director of NCT Group, expressed confidence in the approach, stating, “We believe this will greatly accelerate the adoption of solar energy across factories in Malaysia. We’re excited to equip our smart industrial park with solar capabilities. Solarvest, as the largest solar developer in Malaysia, brings unmatched financial strength, reliability, and a proven track record, making them the perfect partner for the success of NSIP.”
Davis Chong, Executive Director and Group CEO of Solarvest highlighted the transformative potential of the developer model in driving the energy transition toward net zero for the commercial and industrial sectors. “By integrating solar systems into the industrial infrastructure from the outset, we reduce Scope 2 emissions from the beginning of the supply chain. This strategy is key to lowering carbon footprints on a larger scale and aligns perfectly with our mission to make clean energy solutions reliable, accessible, and affordable for all.”
Upon completion of the development, the solar PV installation process is expected to take approximately six to eight months per factory, setting a promising timeline for establishing a low-carbon industrial park. These factories are projected to install solar PV systems with a total capacity of 36,000kWp, potentially offsetting up to 25,515 tonnes of carbon emissions annually.
Dato’ Sri Yap Ngan Choy added, “We are excited to embark on this journey with Solarvest. Our collaboration is a crucial step toward realizing our vision of becoming the nation’s first net-zero emissions industrial park by 2050. As pioneers of the AI-Low Carbon Industrial Park framework, we are proud to lead in innovation and set new benchmarks for future industrial developments.”
NSIP reflects the strong collaborative efforts between Solarvest and NCT Group to promote solar energy. Beyond developing solar-ready factories, the Memorandum of Understanding (MOU) includes providing decarbonization services to NCT Group’s local facilities. The joint development plan also explores potential areas for further collaboration in renewable energy, such as bioenergy, hydrogen, energy efficiency, and electric mobility.
