Solarvest, GreenRock to Deploy 1 GW Renewables in Asia

Jun 24, 2024 06:38 PM ET
  • Solarvest Holdings Bhd partners with GreenRock Energy to deploy 1 GW of renewable energy in Malaysia and Taiwan, driving towards a sustainable future.

Malaysian solar installer Solarvest Holdings Bhd has partnered with Taiwan's GreenRock Energy to deploy 1 GW of renewable energy capacity in Malaysia and Taiwan over the next five years. The collaboration aims to take advantage of Malaysia's goal to reach a 40% green energy share by 2035 and become a low-carbon nation by 2040, as well as government policies supporting large-scale solar power projects and cross-border renewable energy export initiatives.

Solarvest, which had a 1.2 GW regional project portfolio at the end of March, is co-developing large-scale agrivoltaic and aquavoltaic projects in Taiwan with GreenRock. The partners aim to achieve 500 MW of capacity under this initiative, while GreenRock sees the collaboration as a strategic gateway to expand its presence in Southeast Asia leveraging Solarvest's strengths in Malaysia and other regional markets.

How will Solarvest and GreenRock Energy achieve 1 GW of renewable energy capacity?

  • Solarvest Holdings Bhd and GreenRock Energy will co-develop large-scale agrivoltaic and aquavoltaic projects in Taiwan to achieve 500 MW of renewable energy capacity.
  • Solarvest will leverage its strengths in Malaysia and other regional markets to support GreenRock in expanding its presence in Southeast Asia.
  • The collaboration will take advantage of Malaysia's goal to reach a 40% green energy share by 2035 and become a low-carbon nation by 2040.
  • Government policies supporting large-scale solar power projects and cross-border renewable energy export initiatives will also contribute to achieving the 1 GW renewable energy capacity goal.
  • Solarvest, with a 1.2 GW regional project portfolio, is well-positioned to help GreenRock achieve its renewable energy targets in Malaysia and Taiwan.

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