Connection

popular articles

Google and Energix join forces for 1.5 GW of solar power in the USA
Israel in Talks with Cyprus on ‘Possible Cooperation’ in Energy
Opening of the Largest Solar Park in the Baltics in Estonia
TotalEnergies and Morocco Launch Green Hydrogen Production Project for the European Market
Geothermal innovation: the Geretsried Project by CHUBU and Eavor in Bavaria

GreenRock and Solarvest for a 1 GW strategic partnership in Asia

GreenRock Energy and Solarvest join forces to develop 1 GW of green energy projects in Malaysia and Taiwan, strengthening their position in the Asian renewable energy market.
GreenRock et Solarvest pour une partenariat stratégique de 1 GW en Asie.

Please share:

Growing demand for renewable energy is driving Taiwanese companies to expand internationally. GreenRock Energy is targeting Malaysia’s potential, aligned with the government’s target of 40% green energy by 2035. This partnership marks the first time a Taiwanese company has been involved in Malaysian energy projects.

Malaysia’s Energy Ambitions

The Malaysian energy market is actively transforming itself to meet its green objectives. The LSS5 solar program, launched by the government, targets a total capacity of 2 GW of renewable energy. This initiative complements the National Energy Transformation Policy (NETR), aimed at reducing carbon emissions and making Malaysia a low-carbon nation by 2040. To support these ambitions, the government also plans to adopt a third-party access mechanism and establish a renewable energy trading center, enabling the export of renewable energy across borders and accelerating Southeast Asia’s energy transition.

Enhanced collaboration

GreenRock’s participation in Malaysia’s large-scale solar project demonstrates its ambition to expand internationally and its strong capabilities in the renewable energy sector. Despite the complexity and intense competition of local politics, the collaboration with Solarvest will overcome these challenges thanks to their combined expertise.

Solarvest Leadership

Solarvest, Malaysia’s solar market leader, has a record of 1.2 GW of projects in the region. It provides comprehensive services, including the development, design, construction, operation, maintenance and management of solar assets. In addition to Malaysia, Solarvest has developed activities in six other Asian countries: Taiwan, Singapore, the Philippines, Vietnam, Thailand and Indonesia. In partnership with GreenRock in Taiwan, Solarvest is working on large-scale agrivoltaic and aquavoltaic projects, targeting 500 MW.

A strategic gateway

Malaysia is seen as a strategic gateway for expanding the green energy footprint in Southeast Asia. Recognizing favorable government policies and the growing demand for renewable energy, GreenRock will leverage its local collaborations to strengthen its regional technical and project management capabilities. This partnership, targeting 1 GW of renewable energy projects over the next five years, marks a milestone for a Taiwanese company in the Malaysian market. GreenRock anticipates regional expansion by building on Solarvest’s strengths, fostering the region’s energy transformation and sustainable development.

Register free of charge for uninterrupted access.

Publicite

Latest news

COP29: China’s Rejection Triggers a Deadlock on Climate Financing
Cordemais Coal Plant: Worker Strike Highlights Uncertain Future
Strategic Alliance Between Russia and Iraq: Stabilizing Oil Prices Through OPEC+
Gazprom-OMV Dispute: A Test of Resilience for European Energy Diplomacy
The Export Ambitions of Vaca Muerta: Challenges and Realities in Argentina’s Energy Diplomacy

Recently published in

Africa Oil strengthens its strategic shareholding in Impact Oil: 39.5% of shares acquired

Africa Oil Corporation increases its stake in Impact Oil & Gas to 39.5%, consolidating its investment strategy in the Orange Basin of Namibia, a key region for the oil sector.
Scandal Adani: 20% Stock Drop After CEO Indictment
The Indian conglomerate Adani suffered a record loss on the stock market after the indictment of Gautam Adani in the United States, accused of paying $250 million in bribes for solar projects in India.
en_1140543540
Scandal Adani: 20% Stock Drop After CEO Indictment
The Indian conglomerate Adani suffered a record loss on the stock market after the indictment of Gautam Adani in the United States, accused of paying $250 million in bribes for solar projects in India.
en_1140543540
Technip Energies anticipates 43% revenue growth by 2028
Technip Energies, a key player in energy engineering, announces ambitious forecasts: over €8.6 billion in revenue by 2028 and strengthened diversification towards decarbonization and sustainable technologies.
en_1140540540
Technip Energies anticipates 43% revenue growth by 2028
Technip Energies, a key player in energy engineering, announces ambitious forecasts: over €8.6 billion in revenue by 2028 and strengthened diversification towards decarbonization and sustainable technologies.
en_1140540540
TerraForm Power Appoints Mark Noyes as CEO to Drive Its Strategy
Mark Noyes, a seasoned expert in renewable energy, joins TerraForm Power as CEO to steer the company’s growth strategy in the face of industry challenges and opportunities.
en_1140529540
TerraForm Power Appoints Mark Noyes as CEO to Drive Its Strategy
Mark Noyes, a seasoned expert in renewable energy, joins TerraForm Power as CEO to steer the company’s growth strategy in the face of industry challenges and opportunities.
en_1140529540

Wood Mackenzie Analysis: Trump’s Energy Policy Faces Investment Challenges but Supports Renewables

Wood Mackenzie anticipates a protectionist shift under Trump’s presidency, marked by a retreat from net-zero ambitions. However, renewables and the IRA will continue shaping the U.S. energy future.
Enel announces €43 billion in investments and a dividend increase
The Italian group Enel plans to invest €43 billion by 2027, focusing on networks and renewable energies, while increasing dividends for its shareholders.
en_1140480540
Enel announces €43 billion in investments and a dividend increase
The Italian group Enel plans to invest €43 billion by 2027, focusing on networks and renewable energies, while increasing dividends for its shareholders.
en_1140480540
France: Primagaz urged to address massive customer service failures
Hundreds of complaints highlight major failures at Primagaz due to a change in its IT system. The Energy Ombudsman demands immediate action to protect affected consumers.
en_1140470540
France: Primagaz urged to address massive customer service failures
Hundreds of complaints highlight major failures at Primagaz due to a change in its IT system. The Energy Ombudsman demands immediate action to protect affected consumers.
en_1140470540
Boralex: Results Decline in Q3 2024 Despite Strategic Advancements
Despite a 3% drop in production for the third quarter of 2024, Boralex is pushing forward with new strategic renewable energy projects and strengthening its operational resilience.
en_1140458540
Boralex: Results Decline in Q3 2024 Despite Strategic Advancements
Despite a 3% drop in production for the third quarter of 2024, Boralex is pushing forward with new strategic renewable energy projects and strengthening its operational resilience.
en_1140458540

Schneider Electric: Olivier Blum leads from Dubai to boost emerging markets

The new CEO of Schneider Electric, Olivier Blum, moves to Dubai to oversee growth in India and the Middle East, strategic regions for the company's energy and digital transition efforts.
TotalEnergies: at COP29, Patrick Pouyanné advocates progress “step by step”
At COP29, TotalEnergies CEO Patrick Pouyanné defended the oil industry's commitment to reducing methane emissions, emphasizing the importance of gradual progress in addressing the climate crisis.
en_1140455540
TotalEnergies: at COP29, Patrick Pouyanné advocates progress “step by step”
At COP29, TotalEnergies CEO Patrick Pouyanné defended the oil industry's commitment to reducing methane emissions, emphasizing the importance of gradual progress in addressing the climate crisis.
en_1140455540
Vallourec: stable net income despite declining sales in Q3 2024
The French industrial giant Vallourec reported a slight drop in net income to €73 million in Q3 2024. This stability is attributed to its premiumization strategy and strong margins despite challenging market conditions.
en_1140466540
Vallourec: stable net income despite declining sales in Q3 2024
The French industrial giant Vallourec reported a slight drop in net income to €73 million in Q3 2024. This stability is attributed to its premiumization strategy and strong margins despite challenging market conditions.
en_1140466540
Nexans sets ambitious financial goals driven by electrification
Nexans aims for increased financial performance by 2028, supported by significant investments in global electrification and a strategy focused on energy transition and recycling.
en_1140439540
Nexans sets ambitious financial goals driven by electrification
Nexans aims for increased financial performance by 2028, supported by significant investments in global electrification and a strategy focused on energy transition and recycling.
en_1140439540

Masdar and KESH join forces to transform Albania’s energy strategy

Masdar and KESH sign a strategic partnership to develop large-scale renewable energy projects, positioning Albania as a key player in the European energy market.
Orlen invests $850 million to modernize Poland’s energy network
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
en_1140386540
Orlen invests $850 million to modernize Poland’s energy network
Polish energy giant Orlen partners with the European Investment Bank to modernize its energy distribution network, aiming to integrate renewable solutions and strengthen operational efficiency.
en_1140386540
The EIP fund increases its share to 10% in Plenitude, Eni’s green division
The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.
en_1140365540
The EIP fund increases its share to 10% in Plenitude, Eni’s green division
The Energy Infrastructure Partners (EIP) fund strengthens its investment in Plenitude, Eni's renewable energy subsidiary, valued at over 10 billion euros, to support its strategic growth.
en_1140365540
Halliburton faces profit drop in North America in the third quarter
In the third quarter, Halliburton reports a 20% drop in net profit, mainly impacted by a cyberattack and slowing demand in North America, its key market.
en_1140371540
Halliburton faces profit drop in North America in the third quarter
In the third quarter, Halliburton reports a 20% drop in net profit, mainly impacted by a cyberattack and slowing demand in North America, its key market.
en_1140371540

Results Down for Energias de Portugal Despite the “Renewables” Bet

Energias de Portugal (EDP) posts a 37% drop in profits for the third quarter of 2024. The Portuguese group nevertheless continues its investments in renewable energies to support its energy transition.
Enel reports a profit of 5.9 billion euros despite falling energy prices
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
en_1140341540
Enel reports a profit of 5.9 billion euros despite falling energy prices
The Italian energy giant Enel announces a 38% increase in net profit over nine months, reaching 5.9 billion euros, despite a context of falling electricity prices.
en_1140341540
Nexans creates Lynxeo, a dedicated entity for its industrial cables
Cable manufacturer Nexans announces the creation of Lynxeo, a distinct entity for its industrial cable business, aiming for greater clarity and market visibility.
en_1140360540
Nexans creates Lynxeo, a dedicated entity for its industrial cables
Cable manufacturer Nexans announces the creation of Lynxeo, a distinct entity for its industrial cable business, aiming for greater clarity and market visibility.
en_1140360540
The world’s largest battery manufacturers unite for a sustainable supply chain
The Global Battery Alliance reveals the results of a collaborative project involving the world’s largest battery manufacturers to harmonize transparency and sustainability in the battery supply chain.
en_1140347540
The world’s largest battery manufacturers unite for a sustainable supply chain
The Global Battery Alliance reveals the results of a collaborative project involving the world’s largest battery manufacturers to harmonize transparency and sustainability in the battery supply chain.
en_1140347540

Akastor strengthens its stake in AKOFS Offshore by acquiring Mitsui’s shares

Akastor ASA acquires Mitsui's shares in AKOFS Offshore for USD 22.5 million, increasing its stake to 75% and consolidating its position in the subsea intervention sector.
Uniper repays 530 million euros to the German state, marking the start of public disinvestment
Struggling in 2022, German energy company Uniper initiates a 530 million euro repayment to the German state. This payment represents a significant step toward reducing public influence within the company.
en_1140259540
Uniper repays 530 million euros to the German state, marking the start of public disinvestment
Struggling in 2022, German energy company Uniper initiates a 530 million euro repayment to the German state. This payment represents a significant step toward reducing public influence within the company.
en_1140259540
Refining Margins Decline: ExxonMobil and Chevron Focus on Shareholders
ExxonMobil and Chevron’s quarterly results reveal pressure on refining margins, partially offset by increased volumes and significant shareholder support.
en_1140219540
Refining Margins Decline: ExxonMobil and Chevron Focus on Shareholders
ExxonMobil and Chevron’s quarterly results reveal pressure on refining margins, partially offset by increased volumes and significant shareholder support.
en_1140219540
ADNOC integrates autonomous AI to optimize energy operations
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
en_1140237540
ADNOC integrates autonomous AI to optimize energy operations
ADNOC, the national oil company of the United Arab Emirates, deploys autonomous artificial intelligence to optimize operations, reduce costs, and enhance energy efficiency.
en_1140237540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS