Solarvest Holdings Bhd, a prominent clean energy expert, has significantly enhanced its regional presence by securing a Letter of Award (LOA). The award appoints Solarvest’s subsidiary as the engineering, procurement, construction, and commissioning (EPCC) contractor for a 60-megawatt (MW) solar project in Kuala Langat, Selangor, under Malaysia’s Large Scale Solar 5 (LSS5) scheme. This comprehensive EPCC role covers the entire project lifecycle, from sourcing raw materials to final grid connection.
Solarvest Secures Second Solarvest LSS5 Project
The Star Online reported that this contract, awarded by Nextree Synergy Sdn. Bhd., marks Solarvest’s second successful bid under the LSS5 scheme. The initial LSS5 project, a 50MW solar farm, was announced on August 16, 2024, with a contract value of RM103.5 million. This new 60MW project, formalized at the Energy Taiwan 2025 event, is scheduled to achieve commercial operation by October 2027 and highlights a strong Malaysia-Taiwan collaboration in clean energy.
Fong Son Hung, Solarvest Group CEO, stated that the company is thrilled to have secured the second LSS5 project, marking their 12th LSS contract since the inception of the scheme. He highlighted the company’s commitment to supporting Malaysia’s renewable energy goals and its ambition to become a major player in the solar energy sector. Successfully delivering such large-scale developments requires a deep understanding of the basics of solar panel manufacturing to ensure quality and efficiency.
Solarvestโs Solar Capacity Surpasses 1GW with Solarvest LSS5 Project
With this latest project, Solarvest’s impressive portfolio now includes 12 large-scale solar (LSS) projects, pushing the company’s total managed solar capacity well over the 1 gigawatt (GW) milestone. This achievement underscores Solarvest’s dedication to delivering reliable and sustainable energy solutions, significantly contributing to the nation’s renewable energy targets. The intricate solar panel manufacturing process is central to the success of these utility-scale farms.
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“We are proud to have secured the second LSS5 project, which marks our 12th LSS contract since the inception of the scheme. This showcases our capabilities, which are built on a thorough knowledge of the entire solar value chain, from the sophisticated manufacturing machines used in production to final commissioning. It proves our commitment to supporting Malaysiaโs renewable energy agenda and our ambition to become a major player in the solar energy sector. With this latest project, Solarvestโs portfolio now boasts a total of 12 LSS projects, thereby contributing to Malaysiaโs renewable energy goals and enhancing our overall solar capacity to exceed 1 gigawatt (GW),โ Fong said.
Solarvest Expands Across Asia with Solarvest LSS5 Project
Solarvest has been actively expanding its presence across Asia, having recently secured contracts in Taiwan, the Philippines, and Bangladesh. The company is also establishing a footprint in Thailand and Vietnam, further solidifying its position as a leading renewable energy provider in the region. To support this growth and finance ongoing projects, the company has proposed a private placement expected to raise significant capital.
Fong Son Hung, Solarvest Group CEO, highlighted the company’s commitment to sustainable energy solutions, stating that Solarvest is dedicated to making a positive impact on the environment and contributing to economic growth. Managing the solar panel manufacturing plant cost breakdown effectively is key to maintaining a competitive edge in these diverse and growing markets.
“Our growing expertise and experience in large-scale solar projects have been pivotal to our success in the region, and we are excited to continue expanding our footprint in the renewable energy sector. As we move forward, we are also exploring opportunities in new markets such as Indonesia, Cambodia, and Myanmar, further solidifying our position as a leading renewable energy provider in Asia,โ Fong said.
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