Solarvest set for Growth with New Strategic Expansion into Singapore & Brunei

Solarvest is on track to promote energy sustainability in the commercial and industrial (“C&I”) sectors, particularly the development of ESS within solar energy systems. With that, Solarvest’s wholly owned subsidiary, Solarvest Energy Sdn Bhd (“SESB”), has entered into a Memorandum of Understanding (“MoU”) with IDA Holdings Pte Ltd (“IDA”), an acclaimed Singapore-based multi-faceted industrial consultant, and Acumon Capital Pte Ltd (“Acumon”), a multi-disciplinary real estate developer and manager.

The signing of the MoU was held at the AtoZero ASEAN of the International Greentech & Eco Products Exhibition and Conference Malaysia (“IGEM”) 2023 Preview Event, which was co-organized by Constellar1 and the Malaysian Green Technology and Climate Change Corporation2 (“MGTC”). The MoU was signed by Mr. Leon Liew, Chief Strategy Officer of Solarvest, Mr. Galvin Pang, Chief Financial Officer of IDA, as well as Mr. Thomas Tan, Executive Director of Acumon.

The MoU will facilitate the comprehensive development of clean energy projects in the C&I sector, including investment management and land sourcing for ESS-integrated solar projects. Collaborative efforts will be directed toward submitting project proposals as well as undertaking the development and execution of the secured 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.