Greenrock Energy and Solarvest to build 1GW solar project

In Taiwan, the two companies will work together to build a large-scale project with a total capacity of 500MW.

Greenrock Energy said the partnership will enable it to leverage Solarvest’s expertise in Southeast Asia and further its regional expansion. As of the end of March 2024, Solarvest’s portfolio stood at 1.2GW, with 440MW of projects under construction and 348MW of solar PV assets.

Malaysia is expanding its solar PV installed capacity, with a tender launched earlier this year seeking 2GW of large-scale solar capacity for projects with capacities ranging from 1MW to 500MW. The tender is the fifth launched by the Malaysian Energy Commission (Suruhanjaya Tenaga) and projects must be operational by 2026. Suruhanjaya Tenaga said proposals from interested parties have until 25 July 2024.

Meanwhile in Taiwan, floating solar photovoltaic (FPV) developer Ciel & Terre Taiwan and renewable energy developer HEXA Renewables completed 192.3 MWp, the final phase of a 440 MWp floating solar project in February.

Located within Changbin Industrial Park in Changhua County, the Changbin 3 and 4 projects are an expansion of the former Changbin floating solar project built in the same area in Taiwan in 2020, covering more than 171 hectares of water surface. Construction of Changbin 3 and 4 projects is scheduled to begin in October 2022, with the first commercial operation date being October 2023.

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