Malaysia-based clean energy specialist Solarvest Holdings Berhad via its wholly-owned Taiwan subsidiary has signed a memorandum of understanding (MoU) with Hsinjing Holding Corporate to explore opportunities to develop up to 500MW of solar in Taiwan by 2025.
Hsinjing is an established investor and engineering, procurement construction, and commissioning contractor of solar systems for commercial and industrial businesses, as well as large-scale solar projects.
Solarvest group chief executive Davis Chong Chun Shiong said: “Today’s MoU signing with Hsinjing is an important step for us as we advance our regional expansion agenda and expand within the Taiwanese RE market.
“We are immensely pleased to be collaborating with a strong local partner, whose familiarity with the country’s administration and regulations would prove vital in the venture’s success.
“We are also encouraged by the shared confidence shown by Hsinjing towards our technical capabilities in implementing large-scale solar projects.
“Together, we have set a target to develop solar projects with a cumulative capacity of 500MW in Taiwan by the end of 2025.”