- Solarvest Holdings Berhad praised Malaysia’s Budget 2026 for reinforcing policy consistency and accelerating the nation’s low-carbon transition.
- The firm says Malaysia is well-positioned to become a regional clean energy hub under the ASEAN Power Grid initiative.
Solarvest Holdings Berhad has welcomed Malaysia’s Budget 2026, praising the government’s consistent policy direction and focus on accelerating the country’s low-carbon transition under the National Energy Transition Roadmap (NETR).
The budget allocates RM150 million to the National Energy Transition Fund and RM3 billion through Bank Pembangunan Malaysia Berhad’s (BPMB) Green Investment Fund to drive renewable energy growth. Solarvest said initiatives such as Large-Scale Solar 6 (LSS6) and Battery Energy Storage System (BESS) incentives mark key milestones toward Malaysia’s 70% renewable capacity target by 2050.
“Solarvest is ready to support the government’s clear direction, including the rollout of 2 GW of new solar capacity under LSS6, unlocking RM6 billion in market opportunities,” said Dato’ Davis Chong, Executive Director and Group CEO. He added that the RM16.5 billion in commitments from government-linked investment companies (GLICs) and corporations (GLCs) would boost investor confidence and strengthen public–private collaboration across the renewable energy sector.
Chong said Malaysia’s role in the ASEAN Power Grid presents a transformative opportunity to position the country as a clean energy exporter and regional connector. He urged the government to empower local players, enhance industry linkages, and promote cross-border partnerships to ensure Malaysia leads the regional energy transition.
He also called for targeted incentives for BESS components, including tax and duty exemptions, to improve cost efficiency and accelerate grid modernisation.
Furthermore, Chong highlighted the need to strengthen Technical and Vocational Education and Training (TVET) and university–industry collaboration in renewable energy, artificial intelligence, and transition technologies to build a skilled workforce.
He said the planned carbon tax in 2026 reflects Malaysia’s long-term decarbonisation commitment and reinforces its net-zero ambitions. “Solarvest looks forward to collaborating with government agencies, private enterprises, and regional partners to drive Malaysia’s green economy growth domestically and internationally,” Chong said.