Solarvest Holdings Bhd aims to secure projects amounting to 200 megawatts in key markets in Southeast Asia by Financial Year 2025, supported by a robust 2.1-gigawatt project pipeline.
“With an eye on balancing policy dependencies and supply chain vulnerabilities, Solarvest adapts to each region’s energy transition pace, from Vietnam’s progressive solar policies to Indonesia’s coal-reliant economy ripe for energy diversification,” he said in an exclusive interview withIn Malaysia, Chong said Solarvest is at the forefront of the government’s National Energy Transition Roadmap , actively participating in programmes such as Net Energy Metering, Corporate Renewable Energy Supply...
In tandem with Malaysia’s upcoming carbon tax implementation, Chong said, Solarvest sees increasing opportunities for solutions that enable companies to meet heightened carbon reduction standards. “Meanwhile, growing demand for sustainability solutions is reshaping the market, driving innovation beyond solar to meet corporate and regulatory carbon commitments. We are positioning ourselves to support Malaysia’s 70% renewable energy target by 2050, aligning with national goals to secure its role as a leader in Asean’s renewable energy landscape,“ he said.
“By laying a strong local foundation through projects like NETR and CRESS, we can catalyse regional opportunities and support Malaysia’s energy ambitions,” he said, stressing on the company’s efforts are also expected to attract foreign direct investment and build additional pathways for Malaysian companies to engage in the broader Asean renewable energy market.