Malaysia-based Solarvest has partnered with Taiwan-based GreenRock Energy to develop 1 GW of renewable energy projects in both countries over the next five years.
These projects will align with the government of Malaysia’s goal of achieving 40 per cent green energy by 2035. The government has also launched the LSS5 large-scale solar program, adding 2 GW of renewable energy capacity. This complements the National Energy Transformation Policy, which includes various measures such as energy efficiency, renewable energy zones, and green hydrogen. Further, the government also plans to adopt a third-party access mechanism and establish a renewable energy trading centre to facilitate cross-border renewable energy exports and accelerate the energy transition in Southeast Asia.
