GreenRock and Solarvest Partner to Develop 1 GW of Clean Energy in Taiwan and Malaysia

0
69

Solarvest is partnering with GreenRock Energy, Taiwanese renewable energy company for the development of renewable energy in both Taiwan and Malaysia. The companies plan to build 1 GW of renewable energy projects by leveraging each other’s expertise to navigate the complexities of both the regions.

Additionally, these projects will align with the government of Malaysia’s goal of achieving 40 per cent green energy by 2035. The government has also implemented the LSS5 large-scale solar program, adding 2 GW of renewable energy capacity. This complements the National Energy Transformation Policy.

Furthermore, 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. In Taiwan, Solarvest is partnering with GreenRock Energy on large-scale agrivoltaic and aquavoltaic projects, aiming for a total capacity of 500 MW.

Previous articleGlobal Waterjet Cutting Machine Market Projected to Hit $74.01 Billion by 2034, Experiencing a 5.2% CAGR
Next articleMotorcycle Market To Expand At A CAGR Of 4% Through 2033

LEAVE A REPLY

Please enter your comment!
Please enter your name here