- Announced at MITI Week, Expo 2025 Osaka, spotlighting Malaysia’s solar power relationships.
- Events secured Green Investment Tax Allowance endorsement for 29. 99MWac solar Solar initiative in Kedah
Solarvest Holdings Berhad, Shizen Malaysia Sdn Bhd, and HSS Engineering Sdn Bhd have received approval for the Green Investment Tax Allowance ( GITA ) from the Malaysian Investment Development Authority ( MIDA ) for their utility-scale solar project in Kedah. The announcement was made at the Malaysia Pavilion during the MITI Week at Expo 2025 Osaka, Japan, with top staff from MITI and MIDA in enrollment.
The 29. 99MWac solar photovoltaic project, operated under SM01 Sdn Bhd, is jointly owned by Shizen Malaysia ( 49 % ), Solarvest Asset Management ( 33 % ), and HSS Engineering ( 18 % ). The GITA motivation is portion of a Malaysian authorities effort to encourage investments in clean technology, aiming to improve the economic sustainability and viability of renewable energy projects in the country.
Davis Chong Chun Shiong, senior director and team CEO of Solarvest, stated, “We are honoured to receive the GITA endorsement from MIDA, which underscores the government’s trust in our abilities and responsibility to clean power. This motivation boosts the fiscal sustainability of the SM01 task and demonstrates the value of worldwide collaboration, especially with our esteemed Chinese partner, Shizen”.
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