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Malaysia’s biggest solar firm Solarvest sees jump in demand on Iran war

Ram Anand & Anuradha Raghu / Bloomberg
Ram Anand & Anuradha Raghu / Bloomberg • 3 min read
Malaysia’s biggest solar firm Solarvest sees jump in demand on Iran war
Solarvest, Malaysia’s biggest solar firm, builds large-scale capacity to feed into the country’s grid, as well as corporate renewable energy projects via direct offtake agreements.
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(April 15): Malaysian firm Solarvest Holdings Bhd (KL:SLVEST) is looking to speed up delivery of its large-scale projects to meet a rise in demand for renewables as the war in Iran drives up the cost of fossil fuels.

“If a project takes 18 to 24 months to deliver, we need to talk to regulators on how we can execute faster, maybe from 12 to 16 months,” Solarvest group chief executive officer Datuk Davis Chong Chun Shiong said in an interview on Tuesday (April 14).

Solarvest, Malaysia’s biggest solar firm, builds large-scale capacity to feed into the country’s grid, as well as corporate renewable energy projects via direct offtake agreements. The company is adding around 1.3 gigawatts of solar capacity in 2026 and at least another five gigawatts through 2028, according to information on Solarvest’s website. It’s planning to deploy large-scale solar projects for grid operator Tenaga Nasional Bhd (KL:TENAGA) from next year.

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