MIDA Facilitates Renewable Energy Collaboration by Solarvest, Shizen and HSS Under Corporate Green Power Programme at Expo 2025 Osaka
Kuala Lumpur, Malaysia and Osaka, Japan, 17 April 2025 – A groundbreaking renewable energy partnership was announced yesterday at Expo 2025 Osaka, marking a significant milestone in Malaysia’s green energy sector. Solarvest Holdings Berhad (“Solarvest”) and HSS Engineering Sdn. Bhd. (“HSS”), alongside their Japanese partner, Shizen Malaysia Sdn. Bhd. (“Shizen”), are proud to announce a 29.99 MWac solar project under SM01 Sdn. Bhd. (“SM01”). The project, to be developed in Gurun, Kedah, represents a RM142 million investment and is expected to reduce carbon emissions by over 1.1 million metric tonnes of CO₂ throughout its lifetime.
The Malaysian Investment Development Authority (MIDA) facilitated this landmark project under the Government’s Green Investment initiative, demonstrating Malaysia’s commitment to fostering international collaboration in sustainable energy development. The project stands as a testament to the country’s growing reputation as a regional hub for green technology and sustainable investments.
The event was graced by the presence of Datuk Bahria Mohd Tamil, Deputy Secretary General (Management and Investment) of MITI and Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation of MIDA.
Under the Corporate Green Power Programme, SM01’s ownership structure reflects a balanced international partnership, with equal contributions from Shizen Malaysia Sdn. Bhd., Solarvest Asset Management Sdn. Bhd., and HSS Engineering Sdn. Bhd. The involvement of Shizen Malaysia, a subsidiary of Japan’s Shizen Energy Inc., brings valuable international expertise and technological knowledge to the Malaysian renewable energy landscape.
Mr. Sivasuriyamoorthy Sundara Raja, Deputy Chief Executive Officer of Investment Promotion and Facilitation, MIDA, shared his vision for the project, “This partnership exemplifies Malaysia’s commitment to sustainable development and our position as a prime destination for green investments in the region. The SM01 project aligns perfectly with our National Energy Transition Roadmap, demonstrating how international collaboration can accelerate our journey towards a low-carbon future. MIDA remains dedicated to facilitating such high-impact green initiatives that not only contribute to environmental sustainability but also drive economic growth and technological advancement in Malaysia’s renewable energy sector.”
Davis Chong Chun Shiong, Executive Director and Group Chief Executive Officer of Solarvest, said: “We are honoured to receive the approval from MIDA, which underscores the government’s confidence in our capabilities and commitment to clean energy. This incentive boosts the financial sustainability of the SM01 project and demonstrates the value of international collaboration, particularly with our esteemed Japanese partner, Shizen. As we accelerate our involvement as a renewable energy infrastructure developer, we remain focused on delivering impactful, reliable, and commercially viable clean energy projects in Malaysia by leveraging international partnerships and innovation-driven solutions.”
Reza Ikram, Chief Executive Officer of Shizen Malaysia Sdn. Bhd. said: “Malaysia’s stable economic environment and supportive government policies create a conducive landscape for renewable energy investments. The incentive is an enabler that enhances investor confidence by improving return potential. Our collaboration with renowned Malaysian local partners such as Solarvest and HSS further reinforces our trust in Malaysia’s green investment ecosystem. As a Japanese renewable energy developer and investor, our focus is on delivering affordable and reliable clean energy to corporate offtakers by financing large-scale clean energy projects. We are proud to partner with Solarvest and HSS in advancing sustainable energy solutions that support the environmental ambitions of both Malaysia and Japan. This collaboration represents a meaningful step forward in strengthening Japan–Malaysia cooperation in renewable energy through strategic international partnerships.”
Tan Sri Ir. Kuna Sittampalam, Executive Vice Chairman cum Acting Group Chief Executive Officer of HSS Engineers Berhad, said: “We are proud to be part of the project driving Malaysia’s key clean energy initiative. We welcome the government’s support in the form of the incentive, which enhances the financial viability of the SM01 project. As an engineering and project management partner, HSS is committed to advancing high-impact infrastructure that supports Malaysia’s sustainable development agenda. We look forward to continuing our collaboration with Solarvest and Shizen to deliver innovative and resilient renewable energy solutions for the future.”
Themed “Weaving a Future in Harmony”, the Malaysia Pavilion at Expo 2025 Osaka serves as a platform to showcase the country’s inclusive, innovative, and sustainable vision, while promoting its position as a regional hub and premier destination for trade and investment, especially in high-growth sectors such as sustainable green technology. This initiative reinforces the nation’s image as a competitive and future-ready investment destination on the global stage.
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About MIDA
MIDA is the Government’s principal investment promotion and development agency under the Ministry of Investment, Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA today has 12 regional and 21 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on X, Instagram and Facebook, LinkedIn, TikTok and YouTube channel.
About Shizen Energy Group
Founded in June 2011, Shizen Energy Group is driven by the purpose, “We take action for the blue planet,” with this commitment fuels its drive to accelerate the global shift to renewable energy by harnessing solar, wind, and biomass power to create sustainable solutions that minimize environmental impact while fostering economic growth in local communities.
Since 2016, Shizen Energy has expanded its reach internationally, with projects in Southeast Asia and Brazil. In 2019, the company diversified into energy technology, introducing innovations such as micro-grids, virtual power plants (VPP), and smart EV charging services through its proprietary energy management system (EMS). With over 1 GW of renewable energy generated worldwide and recognition as the top startup by Forbes Japan in 2024, Shizen Energy continues to lead the industry.
The Shizen Energy Group remains dedicated to prioritizing environmental sustainability and the well-being of communities, ensuring the creation of thriving, resilient futures for all. For more information, log on to https://www.shizenenergy.net/en/.
About HSS Engineers Berhad
HSS Engineers Berhad (HEB Group or the Group) is an investment holding company incorporated on 23 January 2015 under the Companies Act, 1965 as a private limited company under the name of HSS Engineers Sdn. Bhd. before it was converted into a public limited company. The Company assumed its present name on 31 March 2015.
Through its subsidiaries and associates, the Group is principally involved in the provision of project management, engineering design, construction supervision, in addition to digital transformation services and recurring income.
The Group is supported by a workforce of approximately 1,000, of which more than half are professional engineers, and possesses longstanding experience in a wide array of sectors including urban infrastructure, transportation planning, roads and highways, railways and metro systems, water resources and supply, waste management, building and structures, power generation, and recently diversified into telecommunications and digital technology.
For more information, log on to www.hssgroup.com.my
About Solarvest Holdings Berhad
Solarvest is a clean energy expert with a multi-national presence across Asia-Pacific in 8 countries. The Malaysia-founded company started as a one-stop solar photovoltaic system solution provider for residential, commercial & industrial, and utility-scale solar farms. Today, Solarvest has accumulated a renewable energy portfolio of over 2,000MW (on-going and completed). The company is currently venturing into other clean energy solutions including, among others, hydrogen, battery storage, data centre, energy efficiency, low-carbon mobility, and renewable energy certificates. Solarvest is listed on the Main Market of Bursa Malaysia. For more information, log on to https://solarvest.com.
For more media inquiries, please contact:
MIDA
Mr. Nelson Samuel
Director of Green Technology Division
Email: [email protected]
Tel.: +603-2267 3635
Solarvest
Jowin Lee Joo Yun
PR and Corporate Communication
Solarvest Holdings Berhad
Phone: +60 12 443 6088
Email: [email protected]
