Solarvest Holdings Berhad (Solarvest or the Group), a prominent figure in the clean energy sector, has officially launched a new fully-owned subsidiary called Solarvest (Taiwan) Corp Ltd (STCL) in Taipei, Taiwan. This strategic move aims to bolster its market influence and actively pursue prospects for clean energy projects within the nation.
Being a leading authority in the realm of clean energy, Solarvest maintains a multinational presence throughout the Asia-Pacific region. The company actively engages in the complete spectrum of the clean energy value chain, encompassing the development, financing, engineering, construction, operation, and maintenance of solar photovoltaic (PV) assets. Presently, the Group possesses renewable energy generation facilities that collectively amount to around 100.0 megawatt-peak (MWp) in capacity.Moreover, Solarvest boasts a well-established track record, having successfully deployed clean energy solutions with a combined capacity of 1.0 gigawatt (GW) across both finalized and ongoing projects. This achievement is on the path to further expansion, supported by a robust portfolio of potential projects, amounting to approximately 2.5 GW, contained within a strong tender book.
Solarvest has prominently showcased its prowess in the establishment of expansive solar installations, particularly exemplified by its exceptional 50.0 MW large-scale solar farm installation in collaboration with Malaysia’s utility provider, TNB Engineering Corporation Sdn Bhd. The Group’s competence is well-aligned with the escalating integration of sustainable energy within the commercial and industrial (C&I) sector, evident in its extensive portfolio catering to a diverse multinational clientele.One standout accomplishment is the monumental rooftop solar PV initiative undertaken in partnership with NEFIN Group and Petroliam Nasional Berhad (Petronas). This initiative aimed to power a total of 27 outlets for the esteemed hypermarket chain, Lotus, in Malaysia. Building upon its successful track record of collaborative solar ventures with NEFIN Group, Solarvest is taking its partnership to the next level by jointly embarking on the development of projects across the Asia Pacific region.
Expanding its horizons beyond solar energy, Solarvest is embarking on a journey into novel sustainable solutions within the expansive realm of clean energy. These encompass an array of domains including energy efficiency (EE) solutions, energy storage systems (ESS), a comprehensive low-carbon mobility (EV) ecosystem, renewable energy certificates (REC), green hydrogen, and eco-friendly data centers.The strategic approach of Solarvest extends to a vibrant project pipeline in Taiwan, fortified by an impressive 200.0 MWp of potential opportunities within the clean energy sector. Building upon its previous successful collaboration with Hsinjing Holding Corporate Limited (Hsinjing), a prominent solar investor and contractor listed in Taiwan, the establishment of STCL serves as a pivotal step that cements Solarvest’s presence in the Taiwanese landscape. Moreover, this move paves the way for ventures into diverse renewable energy sources, including wind energy, across the nation.
Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong (张俊雄) said, “We are excited about our recent expansion into the Singapore and Brunei markets, and our 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. Currently, Taiwan’s solar energy generation stands at around 11.0 GW, while wind energy production is at 6.0 GW, revealing tremendous potential for our 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. In tandem with the Group’s 5-Year Strategic Roadmap, we are also exploring other clean energy sources, particularly in the development of wind energy projects alongside our focus on solar projects in Taiwan,” Mr. Davis added.