SSolarvest plans, designs, installs and manages solar PV systems for residential, commercial/industrial, and utility-scale customers, and is expanding into hydrogen, battery storage, data center energy, energy efficiency, low-carbon mobility, and renewable energy certificates across eight Asia-Pacific markets. Its solar PV systems capture sunlight with photovoltaic panels and convert it into electricity, while storage and other clean-energy technologies store or back up power and enable more efficient, low-carbon operations. It differentiates itself through its large, multi-market footprint and a growing portfolio of over 1,200 MW, plus a diversified clean-energy roadmap beyond solar. Its goal is to broaden its clean-energy presence in Asia-Pacific by growing its storage, hydrogen, efficiency, and related services to offer more low-carbon energy solutions and certificates to customers.
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Petaling Jaya, Malaysia
Founded
2012
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Total Funding
$13.4M
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Solarvest appoints two C-suite executives to drive next phase of clean energy growth. By Digital News Asia November 4, 2026 * Both appointments strengthen Solarvest's leadership team * Support the group's expansion into energy storage, grid modernisation & intelligent energy solutions Solarvest Holdings Bhd has appointed Joseph Wong Aik Peoy as CEO, engineering & operations, and James Lee Chung Min as chief energy transition officer, strengthening its leadership team as the group expands beyond clean energy generation into energy storage, grid modernisation and intelligent energy solutions. The appointments come as the renewable energy industry enters a more complex phase, with rising demand for reliable and flexible power, greater renewable energy penetration and an increasing need for grid modernisation technologies. The appointments are intended to strengthen Solarvest's management team as it supports a growing project pipeline and an increasingly diversified product portfolio. Wong brings nearly two decades of experience across renewable energy, oil and gas, and major infrastructure projects. He has held leadership roles within a globally recognised integrated energy group, where he led renewable energy projects globally, as well as at a leading international engineering, procurement and construction (EPC) company in the energy industry. His background combines the investment discipline and operational standards of a major energy owner with hands-on experience in engineering and large-scale project execution. In his new role, Wong will lead Solarvest's engineering and operations functions, focusing on strengthening the group's execution capabilities as it undertakes larger and more complex projects. Guided by an integrated Time-Cost-Quality principle, his priorities will include improving operational efficiency, ensuring timely and cost-effective project delivery, and establishing a scalable, AI-powered operating framework to enhance project quality and long-term competitiveness. This includes introducing practical automation to improve reporting efficiency, project monitoring and early risk identification, supporting greater accountability, more predictable project outcomes and stronger operational performance. These initiatives will be underpinned by rigorous safety standards, clear accountability and disciplined project controls as the group scales its portfolio. "Success means consistently delivering projects safely, on time, within budget and to the agreed scope and quality. Our ambition is to make operational excellence a consistent competitive advantage for Solarvest. By combining our engineering expertise with AI-enabled efficiency, we aim to turn clean energy ambitions into reliable operating assets. We will earn confidence through the commitments we honour, the projects we deliver and the lasting value we create," Wong, said. Lee brings 16 years of experience in Malaysia's renewable energy industry, with an established track record in technology innovation, industry advocacy and regulatory engagement. He has contributed to the development of national technical standards, including amendments to Malaysian Standard MS 1837:2018 to accommodate advanced inverter technologies, as well as industry consultations on key renewable energy frameworks such as the Net Energy Metering (NEM) programme, Solar Accelerated Transition Action Programme (Solar ATAP) and Corporate Renewable Energy Supply Scheme (CRESS). His technical contributions include advancing the adoption of string inverter technology for utility-scale solar projects, including a pioneering solar development in Sabah. Beyond technical innovation, Lee also serves as deputy president III of the Malaysian Photovoltaic and Sustainable Energy Industry Association (MPSEA), contributing to industry collaboration, policy advocacy and Malaysia's renewable energy agenda. In his new role, Lee will lead Solarvest's energy transition strategy, focusing on technology adoption, strategic industry engagement and regional market development. A key priority will be developing an integrated energy platform that brings together emerging technologies and innovative solutions to support the energy transition. Building on Solarvest's established capabilities in Malaysia, he will focus on strengthening the group's position in targeted international markets while deepening collaboration with governments, regulators and industry stakeholders. "Technology will remain central to accelerating the energy transition. My priority is to advance Solarvest's innovation and enhance our ability to deliver integrated energy solutions to address the increasingly complex needs of the power sector. Malaysia has made significant progress in renewable energy development, and we will continue to pioneer technological innovations through an integrated energy platform to support the advancement of the wider energy ecosystem across the region," Lee said. Davis Chong Chun Shiong, executive director and group chief executive officer of Solarvest, said the appointments reflect the group's focus on combining execution capabilities with technological innovation to support its next phase of growth. "The next phase of the energy transition will be defined not only by how much renewable energy we generate, but also by how effectively we integrate, manage and deliver that energy. As renewable penetration increases, grid modernisation will become equally critical, creating new opportunities for energy storage, intelligent energy management and integrated clean energy solutions. "Wong's extensive experience in engineering and major project delivery will strengthen our operational performance, while Lee brings deep technical expertise and strong industry engagement that will be instrumental in advancing our energy transition capabilities. Together, they bring complementary strengths that will support our ambition to move beyond clean energy generation and contribute to grid modernisation," he concluded. For more technology news and the latest updates, follow us on Facebook, Twitter or LinkedIn
Google funds US$160m shared reservoir and water plant in Malaysia's Negeri Sembilan. Google will pay US$160 million for a reservoir and a water treatment plant in the Malaysian state of Negeri Sembilan that will supply both its planned data centre campus in Port Dickson and the state's public network, with the assets passing into state ownership, the company announced on 2 November. | US$160m Google funding (about RM651m at Bank Negara Malaysia's 12:00 middle rate of RM4.0665, 2 Nov 2026) | 65 MLD Treatment capacity (65,000 m^3/day, or about 23.7 million m[3]/year at full output) | 560 MLD Average water consumption in Negeri Sembilan, 2024 (DOSM, provisional) | Google has appointed the Malaysian engineering group Gamuda Berhad to build an off-river storage reservoir along the Linggi River and the treatment plant, in coordination with the state government and the state water utility, Syarikat Air Negeri Sembilan (SAINS). Once complete, both facilities will belong to Menteri Besar Negeri Sembilan (Incorporated), or MBINS, a state statutory body. An off-river reservoir sits beside the watercourse rather than damming it and is filled with surplus river flow and rainfall, which Google expects to reduce flood risk in flood-prone areas. In lower-yield periods, when river flow drops, the plant draws on those reserves to keep supply steady without disrupting the river's natural flow. Google-funded plant matches the capacity of a 2025 Gamuda-state water scheme. Besides feeding the state's public network, the plant will supply Google's planned campus in Springhill Industrial Park, Port Dickson. A plant of the same capacity, to be built by Gamuda and owned by MBINS, was the subject of a memorandum of understanding the two signed in January 2025, when Gamuda broke ground on a 389-acre data centre hub in Port Dickson for which it named no operator. Under that memorandum, Gamuda said that 25% of the capacity would go to domestic users in Negeri Sembilan and the remainder to data centre operations, while the plant and its land would stay with MBINS. That allocation has not been confirmed for the plant Google is now funding. The new plant's output compares with average water consumption across Negeri Sembilan of 560 MLD in 2024, according to provisional figures from the Department of Statistics Malaysia (DOSM), and households accounted for 323 MLD of that total. Google links the Negeri Sembilan funding to its 120% replenishment goal. Drew Byrnes, Google's head of global infrastructure and energy for Asia Pacific, linked the funding to the company's ambition to replenish 120% of the freshwater it consumes, a 2030 goal averaged across its offices and data centres. Google is funding the works although "our water risk assessment showed that local water sources were not at high risk of scarcity or depletion", he said. For SAINS, the plant's capacity "will strengthen the local supply system for residents and commercial users alike", said its chief executive, Mohd Yazid Ahmad. Gamuda Engineering's managing director, Justin Chin, said the group would develop the water works and the Port Dickson campus simultaneously, drawing on its work on Google's soon-to-open campus in Elmina Business Park. Google will also pay for 100% of the electricity the campus uses and for the direct costs of connecting it to the grid. Separately, it holds power purchase agreements with consortiums led by Shizen Energy-Solarvest and TotalEnergies to add new clean generation to Malaysia's National Grid, including a 29.99 MWac solar farm in Gurun, Kedah, that Solarvest is developing with Shizen Energy and HSS Engineering.
Solarvest strengthens leadership for next growth phase. November 3, 2026 @ 5:05am KUALA LUMPUR: Solarvest Holdings Bhd has appointed Joseph Wong Aik Peoy as chief executive officer of engineering and operations. The company also appointed James Lee Chung Min as chief energy transition officer as it expands into energy storage, grid modernisation and intelligent energy solutions. Solarvest said in a statement today that the appointments are aimed at strengthening its leadership team to support a growing project pipeline and broader portfolio amid rising demand for flexible power and renewable energy integration. Wong brings nearly 20 years of experience across renewable energy, oil and gas and major infrastructure projects. He has held leadership positions at a global integrated energy group and an international engineering, procurement and construction company. He will oversee engineering and operations, focusing on project execution, operational efficiency and adopting artificial intelligence (AI)-powered systems to improve project monitoring, reporting and risk management. Lee, meanwhile, has 16 years of experience in Malaysia's renewable energy industry, covering technology innovation, industry advocacy and regulatory engagement. He has contributed to national technical standards and consultations on key renewable energy programmes. This includiles the Net Energy Metering scheme, Solar Accelerated Transition Action Programme and Corporate Renewable Energy Supply Scheme. He will lead Solarvest's energy transition strategy, focusing on technology adoption, industry collaboration and regional market development. Group chief executive officer Dato' Davis Chong Chun Shiong said the appointments will combine stronger project execution with technological innovation as Solarvest moves beyond renewable energy generation. He said energy storage, intelligent energy management and grid modernisation would become increasingly important as renewable energy penetration rises.
Google invests $160 million in water projects alongside AI infrastructure in Malaysia. Google announced a commitment to provide $160 million in funding for new shared water infrastructure to support local community needs and its future data center operations in Malaysia. The new projects include a water treatment plant and off-river storage reservoir in the state of Negeri Sembilan, Malaysia. The company said that the facilities will be constructed by engineering and construction company Gamuda Berhad, in partnership with the Negeri Sembilan state government and state water utility Syarikat Air Negeri Sembilan Sdn Bhd (SAINS). The water infrastructure projects follow a new set of water stewardship commitments announced by Google in June 2026, including a goal to become water positive across its data center operations by 2030 by replenishing more water than it consumes. According to Google, once operational, the water treatment plant will have the capacity to deliver 65 million liters of potable water daily, supplying Google's upcoming data center campus at Springhill Industrial Park in Port Dickson and expanding water availability for public use. The company said that the off-river storage reservoir, located along the Linggi River, is designed to capture excess river flow and rainfall during high-yield periods, helping to mitigate flooding in surrounding areas. The stored water will be channeled to the treatment plant for domestic and commercial use, providing a reserve supply during periods of lower river flow. Alongside the water initiatives, Google said that it has been partnering with companies including Shizen Energy-Solarvest and TotalEnergies to add net-new clean power to Malaysia's National Grid, and that it is collaborating with SOLS Foundation on new initiatives to empower youth to pursue careers in Malaysia's clean energy sector. Google said that the data center campus, which is designed to be among the most energy-efficient in the world, will support the delivery of its services, including Search, Maps and Chrome, in Malaysia. Drew Byrnes, Director and Head of Global Infrastructure and Energy, Asia Pacific, Google, said: "Google's decision to fund shared water infrastructure in Negeri Sembilan reflects our global ambition to replenish 120% of the freshwater volume we consume, even as our water risk assessment showed that local water sources were not at high risk of scarcity or depletion. This underscores our responsibility to grow our presence sustainably - pairing advanced digital infrastructure development with water replenishment projects, power infrastructure enhancements, and programs designed to upskill local talent for new career opportunities."
UK-based insurer Prudential plc emerges as substantial shareholder in Solarvest with 5.25% stake. 23 Oct 2026, 06:29 pm Prudential acquired 51.41 million shares in Solarvest on Oct 21 through funds managed by Eastspring Al-Wara' Investments Bhd, which bought 24.36 million shares, and Eastspring Investments Bhd, which acquired 27.05 million shares. KUALA LUMPUR (Oct 23): UK-based insurer Prudential plc has emerged as a substantial shareholder in Solarvest Holdings Bhd (KL:SLVEST), with a 5.25% stake in the clean energy and solar photovoltaic specialist. Prudential acquired 51.41 million shares in Solarvest on Oct 21 through funds managed by Eastspring Al-Wara' Investments Bhd, which bought 24.36 million shares, and Eastspring Investments Bhd, which acquired 27.05 million shares. The transaction price was not disclosed. Based on Solarvest's closing price of RM3.97 on Oct 21, the shares were valued at approximately RM204.06 million. Apart from Prudential, Solarvest's other substantial shareholders include its co-founders managing director Lim Chin Siu and executive director Tan Chyi Boon. Lim and Tan collectively hold a 20.15% stake through their private vehicle, Atlantic Blue Holdings Sdn Bhd. Lim also holds a direct 6.19% interest in Solarvest, while Tan has a 6.78% direct stake, according to the group's annual report. Solarvest's net profit for the first quarter ended June 30, 2026 (1QFY2027) rose 19.8% to RM19.02 million from RM15.88 million a year earlier, mainly driven by higher contributions from associate companies. Quarterly revenue increased 13.21% to RM155.94 million from RM137.74 million, supported by stronger contributions from utility-scale solar projects. The group said growth was also underpinned by continued execution of the Corporate Green Power Programme (CGPP) and progress under the Large Scale Solar 5 (LSS5) programme. Solarvest shares rose five sen or 1.27% to RM4 on Friday, giving the group a market capitalisation of RM3.92 billion. Edited By Syed Azahedi
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Industries
Company Size
51-200
Company Stage
IPO
Headquarters
Petaling Jaya, Malaysia
Founded
2012
Find jobs on Simplify and start your career today
We update Solarvest's jobs every few hours, so check again soon!Browse all jobs