Solarvest Eyes Growth With Strategic Expansion Into Singapore And Brunei

Clean energy firm, Solarvest Holdings (Solarvest), is embarking on strategic initiatives to expand its geographical reach into the Singapore and Brunei markets to capitalise on the growing demand for sustainable energy solutions.

The move includes a synergetic collaboration with Singapore partners to advance energy storage solutions (ESS), and development in solar energy systems for enhanced energy stability and reliability.

Solarvest’s geographical footprint now includes Taiwan, the Philippines, Vietnam, Indonesia, Thailand, Singapore, and Brunei.

The Malaysian-based firm has successfully secured a total of nine commercial and industrial (C&I), rooftop solar photovoltaic installation projects across Singapore and Brunei, with a combined capacity of nearly 4.0 megawatt-peak.

In addition, the Group boasts a robust project tender book of 60.0 MWp for rooftop solar PV projects in Singapore and Brunei, positioning it to establish a strong market presence in advancing clean energy solutions in both countries.

Apart from geographical expansion, Solarvest is on track to promote energy sustainability in the C&I sectors, particularly the development of ESS within solar energy systems.

With that, Solarvest’s wholly owned subsidiary, Solarvest Energy (SESB), has entered into a Memorandum of Understanding (MoU) with IDA Holdings (IDA), a Singapore-based multi-faceted industrial consultant, and Acumon Capital (Acumon), a multi-disciplinary real estate developer and manager.

The MoU will facilitate the development of clean energy projects in the C&I sector, including investment management and land sourcing for ESS-integrated solar projects.

The development of ESS-integrated solar projects involves leveraging lithium battery and hydrogen hybrid technologies to optimise energy usage, efficiently manage peak demand, and ensure a stable power supply.