GreenRock Energy Joins Forces with Solarvest to Expand the Green Energy Market in Taiwan and Malaysia

GreenRock Partners Solarvest to Develop 1 GW Green Energy Project in Taiwan and Malaysia

 

Kuala Lumpur, Malaysia, 24 June 2024 – Solarvest, Malaysia’s leading clean energy expert, announces a strategic collaboration with GreenRock Energy, a prominent Taiwanese renewable energy player, to accelerate the development of green energy solutions in both Taiwan and Malaysia. This regional partnership unlocks substantial growth opportunities for both companies, enabling them to tap into each other’s established markets and expertise, to navigate the complexities in the region.

GreenRock Energy enters the Booming Malaysia Energy Market

The heightened demand for renewable energy has prompted Taiwan energy companies to expand their operation into international markets. GreenRock Energy recognises Malaysia’s potential, aligning with the government’s goal of reaching 40% green energy by 2035. To secure a competitive market advantage, GreenRock Energy has now become the first Taiwanese company to participate in Malaysian government green energy projects.

Malaysia’s Green Energy Ambitions

The Malaysian energy market is actively transforming to achieve green energy development goals. Earlier this year, the government launched the LSS5 large-scale solar program with a total of 2 GW renewable energy capacity, marking the largest solar project in history. This initiative complements the National Energy Transformation Policy (NETR), which encompasses a variety of green energy developments such as energy efficiency, renewable energy zones, and green hydrogen, all aimed at reducing carbon emissions and achieving a low-carbon nation by 2040.

To further support the nation’s ambition of becoming a regional renewable energy hub, the government also plans to adopt a Third Party Access (TPA) mechanism and establish a renewable energy trading centre. These initiatives will enable the export of cross-border renewable energy and accelerate the energy transition in Southeast Asia.

GreenRock Energy’s Commitment to Malaysia

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. Despite the complexity and intense competition of local green energy policies, GreenRock is confident that its collaboration with Solarvest will overcome these challenges through their combined expertise and technological advantages.

Partnership with Local Green Energy Giant: Solarvest

Solarvest is Malaysia’s largest public listed solar company by its market value. As of March 2024, Solarvest has achieved 1.2 GW of project track record regionally, with 440 MW of projects under construction and 348 MW of solar assets, representing its leadership position and extensive experience in the region.

Solarvest provides comprehensive services, including solar development, design, applications, construction, operation, maintenance, and asset management. Besides Malaysia, Solarvest has actively developed renewable energy businesses in six other Asian countries including Taiwan, Singapore, the Philippines, Vietnam, Thailand, and Indonesia.

In Taiwan specifically, Solarvest is collaborating with GreenRock Energy on large-scale agrivoltaic and aquavoltaic projects, targeting a total of 500 MW projects.

Malaysia: A Gateway to Southeast Asia

GreenRock Energy sees Malaysia as a strategic gateway to expanding its green energy footprint across Southeast Asia. Recognising Malaysia’s supportive government policies and the region’s growing demand for renewable energy, GreenRock will leverage its collaborations with local companies and governments to strengthen its regional technical and project management capabilities.

Significant Milestones and Future Outlook

This partnership marks a milestone for a Taiwanese company entering the Malaysian renewable energy market, with a target of achieving 1 GW of renewable energy projects in the next five years. Through this collaboration, GreenRock Energy anticipates an advancement in its regional expansion by leveraging Solarvest’s strengths in Malaysia and the Southeast Asia 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.”

綠岩能源進軍馬來西亞市場,推動全球能源轉型,實現低碳未來。

近年來再生能源需求大增,台灣發電商積極拓展國際市場。綠岩能源董事長葉孟恒看準馬來西亞政府在2035年力拼綠能達40%的目標,率領綠岩能源成為第一個參與馬來西亞政府綠能市場的台灣業者,搶得市場先機。

馬來西亞能源市場前景

馬來西亞能源市場正積極轉型,致力於實現綠能發展目標。根據馬來西亞投資發展局(MIDF)報告,馬來西亞政府今年推動的LSS5大型太陽能計畫由馬來西亞電力公司發起,其收購電力標案的總發電量高達2吉瓦(GW),是當地史上最大型的太陽能計劃。

2023年7月馬來西亞宣布的國家能源轉型政策(NETR)涵蓋多種綠能項目發展,分別是能源效率、再生能源區域、綠氫、公用事業規模的儲能係統、能源安全、綠色運輸和碳捕獲、利用與封存(Carbon Capture, Utilisation and Storage, CCUS)等等。此外,當地政府也計劃採用第三方 (Third Party Access, TPA) 交易機制,建立再生能源交易中心,實現再生能源跨國貿易,透過區域合作將多餘綠電出售給鄰國,加速東南亞地區的能源轉型。

據國際能源總署(IEA),馬來西亞政府已於2023年提出碳捕集與封存技術(CCS)的賦稅獎勵,旨在利用CCS技術限制碳排放,同時確保在2040年前實現低碳國家願景。

綠岩能源參與馬來西亞綠能市場

綠岩能源此次决心参与馬來西亞綠能市場,展示了其在再生能源領域的雄厚實力和積極拓展國際市場的雄心。馬來西亞綠能項目需了解馬來西亞國家相關能源政策,縱使當地綠能項目的投標競爭激烈,有諸般限制,但綠岩能源憑藉其技術優勢和經驗豐富的團隊,對此次合作充滿信心。

合作夥伴旭卉投控(Solarvest)

Solarvest公司為馬來西亞太陽能上市公司中市值最高的公司,已列入Bursa Malaysia的主板。Solarvest除了擁有國際ISO 9001:2015和 ISO 45001:2018認證外,更是首批獲得馬來西亞SEDA(永續能源發展局)、ISPQ(永續電能品質研究所)和GCPV(併網太陽能光電)三種認證的併網太陽能安裝供應商之一。截至今年三月,Solarvest在馬來西亞的實績達到1.2GW,施工中的工程為440 MW,自行持有案件為348MW,在馬來西亞的經驗相當豐富。Solarvest提供太陽能開發、設計、申請、施工、維運、資產管理等服務。除了馬來西亞外,近年也在亞洲6個國家(台灣、新加坡、菲律賓、越南、泰國、印尼)積極發展新能源事業。此外,Solarvest的台灣公司旭卉太陽能與綠岩能源在台灣亦有農光、漁光等的大型項目合作,目標容量為500MW, 第一階段將參與至少50MW的案量。

關於綠岩能源

綠岩能源不僅致力於參與大型绿能項目,還計劃進一步擴展其在東南亞市場的綠能布局。綠岩能源預見到馬來西亞在綠能領域的巨大潛力,且國際信用評等機構-「穆迪」(Moody’s)顯示馬來西亞為A3穩定的國家,加上政府在政策上的支持和市場對可再生能源的需求增加。綠岩能源計劃在未來五年內,通過與本地企業和政府的合作,提升技術水平和項目管理能力,實現更多大型太陽能項目落地,進一步鞏固其在東南亞綠能市場的領先地位。

重大里程碑與未來展望

綠岩能源專注於再生能源的開發與利用,致力於提供創新且可持續的能源解決方案。同時表示,此次參與馬來西亞政府綠能項目是台灣能源業進入馬來西亞的重要里程碑,預計五年內在馬來西亞市場達到1吉瓦 (GW)之目標。通過與Solarvest的合作,綠岩能源期望進軍馬來西亞綠能市場,未來將藉由Solarvest在東南亞各個國家的實力,共同積極推動東南亞地區的能源轉型和持續發展。綠岩能源看好馬來西亞未來的綠能發展前景,並致力於「引領能源革新,共創低碳未來。」。

About Solarvest

Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific in 7 countries. The Malaysia-founded company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest has accumulated renewable energy portfolio of over 1,200MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, hydrogen, battery storage, data center, energy efficiency, low-carbon mobility, and renewable energy certificates.

Solarvest is listed on the Main Market of Bursa Malaysia.

Share
Get Latest Newsletters



Let Us Safeguard Your
Solar Investment

Discover More

×