KUALA LUMPUR: Solarvest Holdings Bhd has partnered with Taiwan's major renewable energy player GreenRock Energy to accelerate the development of green energy solutions in both Taiwan and Malaysia.
In a statement, Solarvest noted the heightened demand for RE prompted Taiwan energy companies to expand their operation into international markets.
"To secure a competitive market advantage, GreenRock Energy has now become the first Taiwanese company to participate in Malaysian government green energy projects.
"GreenRock Energy's determination to participate in Malaysia's large-scale solar project demonstrates its ambition to expand into international markets and its strong capabilities in the renewable energy sector," Solarvest said.
Despite the complexity and intense competition of local green energy policies, GreenRock is confident that its collaboration with Solarvest will overcome the challenges through their combined expertise and technological advantages, it added.
Both companies target to achieve one gigawatt (GW) of renewable energy projects in the next five years.
GreenRock Energy expects an advancement in its regional expansion by leveraging Solarvest's strengths in Malaysia and the Southeast Asian market, thereby driving the region's energy transformation and sustainable development.
"GreenRock Energy is optimistic about Malaysia's green energy prospects and is committed to leading the energy revolution in creating a low-carbon future," added Solarvest.
As of March this year, Solarvest achieved 1.2 GW of project track record regionally, with 440 megawatts (MW) of projects under construction and 348 MW of solar assets, representing its leadership position and extensive experience in the region.
In Taiwan specifically, Solarvest is collaborating with GreenRock Energy on large-scale agrivoltaic and aquavoltaic projects, targeting a total of 500 MW projects.
