Solarvest Holdings Berhad (Solarvest) and HSS Engineering Sdn Bhd (HSS), together with its Japanese partner, Shizen Malaysia Sdn Bhd (Shizen), is proud to announce that its utility-scale solar project under SM01 Sdn Bhd (SM01) has received approval for the Green Investment Tax Allowance (GITA) incentive from the Malaysian Investment Development Authority (MIDA).

This milestone marks a significant step in Malaysia’s drive to promote sustainable investments and showcases international collaboration in developing clean energy infrastructure.

The official handover ceremony took place at the Malaysia Pavilion during Malaysia’s Investment, Trade and Industry (MITI) Week at Expo 2025 Osaka, Japan.

The event was graced by the presence of Datuk Bahria Mohd Tamil, Deputy Secretary General (Management & Investment) of MITI and Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation of MIDA.

The Green Investment Tax Allowance (GITA), a strategic initiative by the Malaysian government, aims to promote investments in green technology. With the approval of this incentive, the 29.99MWac solar photovoltaic (PV) project in Kedah is expected to benefit from enhanced financial returns and improved project viability.

SM01 is a Corporate Green Power Programme (CGPP) project jointly owned by Shizen Malaysia Sdn Bhd (49%), Solarvest Asset Management Sdn Bhd, a subsidiary of Solarvest Holdings Berhad (33%), and HSS Engineering Sdn Bhd (18%).

Shizen Malaysia, a subsidiary of Shizen Energy Inc, is a leading renewable energy company from Japan, renowned for its expertise in solar and wind development across Asia. The collaboration with Shizen highlights Solarvest’s commitment to fostering cross-border partnerships that bring world-class innovation and environmental stewardship to Malaysia.

-THE MALAYSIA VOICE