Solarvest Applauds Belanjawan Rakyat 2026 for Strengthening Policy Continuity and Accelerating Malaysia’s Energy Transition Agenda

Solarvest Holdings Berhad has welcomed Malaysia’s Budget 2026, commending the government’s strong policy continuity and its focus on accelerating the nation’s low-carbon transition. The budget reinforces Malaysia’s ambitions under the National Energy Transition Roadmap (NETR), supported by RM150 million under the National Energy Transition Fund and RM3 billion via BPMB’s Green Investment Fund.

The company noted that initiatives such as Large-Scale Solar 6 (LSS6) and Battery Energy Storage System (BESS) incentives mark significant milestones in advancing Malaysia’s goal of achieving 70% renewable energy capacity by 2050.

“Solarvest is ready to support the government’s clear direction, including the rollout of 2GW of new capacity under LSS6, unlocking RM6 billion in market opportunities, and the Corporate Renewable Energy Scheme (CRESS), which is expected to project RM3.5 billion in investments,” said Dato’ Davis Chong, Executive Director and Group CEO of Solarvest.

He added that the RM16.5 billion in commitments announced by GLICs and GLCs would further strengthen investor confidence and catalyse public-private collaboration across the renewable energy value chain.

Highlighting Malaysia’s regional potential, Dato’ Davis pointed to the ASEAN Power Grid initiative as a transformative opportunity for the country to position itself as a clean energy exporter and regional connector. He emphasised the need for the government to empower local renewable energy players, strengthen industry linkages, and foster cross-border partnerships to ensure Malaysian businesses lead the regional energy transition.

On solar adoption and grid modernisation, he noted that grid stability should progress in tandem with renewable capacity expansion. He urged for targeted incentives for BESS components, including sales, service tax, import, and excise duty exemptions, to improve cost efficiency and accelerate nationwide adoption.

Dato’ Davis also stressed the importance of strengthening Technical and Vocational Education and Training (TVET) and university–industry collaboration in renewable energy, AI, and transition technologies to build a future-ready workforce. The introduction of a carbon tax in 2026, he said, underscores Malaysia’s long-term commitment to decarbonisation and reinforces its net-zero aspirations.

“Solarvest looks forward to collaborating with government agencies, private enterprises, and regional partners to drive Malaysia’s green economy growth both domestically and internationally,” he concluded.