The agency is is present process a change right into a complete clear power developer
SOLARVEST Holdings Bhd has established a completely owned subsidiary, Solarvest (Taiwan) Corp Ltd (STCL), in Taipei, Taiwan, as a part of its strategic transfer to strengthen its presence within the nation’s clear power market.
In an announcement final Friday, Solarvest stated it has an energetic pipeline of initiatives in Taiwan, supported by 200 megawatt-peak (MWp) of unpolluted power challenge alternatives.
Following the group’s earlier collaboration with Taiwan-listed photo voltaic investor and contractor firm, Hsinjing Holding Corp Ltd, to develop photo voltaic initiatives, the institution of STCL additional solidifies its foothold in Taiwan and opens alternatives for ventures into different renewable power (RE) sources resembling wind power all through the nation.
“We’re enthusiastic about our latest enlargement into the Singapore and Brunei markets, and our foothold in Taiwan will additional strengthen the group’s regional presence,” stated its ED and group CEO Davis Chong Chun Shiong.
He stated Taiwan presents a promising panorama for Solarvest’s enlargement, pushed by the nation’s ambition to realize 30 gigawatts (GW) of photo voltaic power and 20.7GW of wind power by 2030 and 2035, respectively.
“At the moment, Taiwan’s photo voltaic power era stands at round 11GW, whereas wind power manufacturing is at 6GW, revealing great potential for our group to additional advance Taiwan’s RE ambitions,” he stated.
Chong stated Solarvest maintains its dedication to being a dependable associate in facilitating the worldwide shift in the direction of sustainable power options.
As the corporate progresses, he stated it’s present process a change right into a complete clear power developer, participating not solely as an asset proprietor but in addition as a co-developer in numerous worldwide initiatives.
“In tandem with the group’s five-year strategic roadmap, we’re additionally exploring different clear power sources, notably within the growth of wind power initiatives alongside our concentrate on photo voltaic initiatives in Taiwan,” Chong added.
Solarvest has a multinational presence within the Asia-Pacific area. The corporate is engaged in numerous features of the clear power worth chain, together with growth, financing, engineering, building, operation and upkeep of photo voltaic photovoltaic property.
With RE era crops totalling round 100MWp, Solarvest boasts a confirmed observe document of 1GW clear power capability throughout accomplished and ongoing initiatives, additional supported by a strong tender e book of about 2.5GW.
The corporate’s proficiency is especially evident within the set up of large-scale photo voltaic crops (LSS), as evidenced by the profitable setup of a 50MW LSS for Malaysia’s TNB Engineering Corp Sdn Bhd.
Solarvest’s portfolio extends to numerous business and industrial rooftop initiatives, together with a major collaboration with NEFIN Group and Petroliam Nasional Bhd to energy 27 shops of Lotus’s Malaysia hyper-market chain.
Constructing upon its profitable partnership with NEFIN Group, Solarvest is increasing its efforts to develop initiatives throughout the Asia Pacific area.
Solarvest just isn’t limiting itself to photo voltaic power as it’s actively exploring numerous sustainable options inside the clear power ecosystem.
These embrace power effectivity options, power storage methods, low-carbon mobility ecosystems, renewable power certificates, inexperienced hydrogen and inexperienced information centres. — TMR
- This text first appeared in The Malaysian Reserve weekly print version