Solar companies in Malaysia are businesses that specialise in designing, installing, and maintaining solar energy systems. They offer services such as solar panel installation, grid integration, and energy storage solutions to increase clean energy capacity and reduce carbon footprints. Solar companies provide comprehensive support, including engineering and construction, operations, and project financing.
Malaysia’s solar sector has an impact on the nation’s renewable energy transition. Under the Renewable Energy Transition Roadmap (NETR) and the Green Technology Master Plan, Malaysia is targeting 20% renewable energy capacity by 2025, with solar comprising the majority of new capacity additions
Solar Company
How Do Solar Companies Contribute to Malaysia’s Energy Sector?
Solar companies contribute to Malaysia’s energy sector by advancing the nation’s clean energy agenda through the installation of photovoltaic (PV) panels, the development of solar farms (including floating installations), and the deployment of rooftop systems for residential and commercial use. These efforts help reduce reliance on fossil fuels and support Malaysia’s renewable energy targets.
For instance, Cypark Resources has developed over 319 MWp of large-scale solar projects, including floating solar farms and hybrid systems, and has recently commissioned a 60 MWac floating solar facility, significantly contributing to clean power generation. Solarvest offers comprehensive solutions, ranging from large-scale solar farms to rooftop PV, energy storage, EV charging, and AI/ IoT-enabled asset management.
These initiatives align with national objectives under the National Energy Policy 2022–2040 and the National Energy Transition Roadmap (NETR), which set an ambitious goal of building up to 18.4 GW of renewable energy capacity by 2040. The policy targets approximately 31% renewable energy capacity by 2025, with solar playing a central role
What Services Do Solar Companies Offer?
Solar companies in Malaysia offer comprehensive services, including solar panel installation, maintenance, and energy storage solutions. They typically manage projects from engineering, procurement, and construction (EPC) right through to ensuring compliance with local regulations and standards.
Some firms also work with corporate buyers to arrange power purchase agreements (PPAs). Notably, one international developer has executed multiple 21-year PPAs with the national utility, Tenaga Nasional Berhad (TNB), for solar farms totaling nearly 200 MW in Malaysia .
Another key service is net energy metering (NEM), a nationwide initiative that allows residential, commercial, and industrial solar users to export excess electricity to Malaysia’s grid and receive credits to offset their TNB bills. The current NEM 3.0 scheme provides quotas for consumer and virtual aggregation programs through mid-2025, further facilitating the adoption of rooftop solar.
What Government Policies Support Solar Companies in Malaysia?
Government policies in Malaysia play a crucial role in supporting the growth of solar energy through initiatives such as the Feed-in Tariff (FiT) and Net Energy Metering (NEM) schemes. The FiT program, administered by the Sustainable Energy Development Authority (SEDA) under the Renewable Energy Act 2011, guarantees long-term fixed payments for eligible producers of renewable energy, including solar photovoltaic (PV) systems, who feed electricity into the national grid. This mechanism provides price certainty and helps improve the bankability of solar projects, particularly for small to medium-sized installations.
The NEM 3.0 policy, launched in February 2021, allocates a total quota of 500 megawatts (MW) for solar projects through 2023. The scheme is divided into three categories: NEM Rakyat (for residential users), NEM GoMEn (for government entities), and NEM NOVA (for commercial and industrial users). It allows participants to offset their electricity bills with a one-to-one energy credit mechanism for excess solar energy exported to the grid. These government incentives help reduce the payback period of solar investments.
Who Are the Key Players in Malaysia’s Solar Industry?
Key players in Malaysia’s solar industry include Solarvest Holdings, Cypark Resources, and Scatec Solar. Solarvest focuses on commercial and industrial solar installations, while Cypark develops utility-scale solar farms. International firms like First Solar and JinkoSolar supply high-efficiency PV panels. Local companies collaborate with government agencies, such as GreenTech Malaysia, to promote solar energy adoption. Below is the key solar companies in Malaysia:
- Solarvest Holdings – Leading EPC specialist, with over 2 GW of projects across Malaysia and the region
- Cypark Resources Berhad – Developer of utility-scale, hybrid, and floating solar farms totaling over 319 MWp
- Scatec Solar – International independent power producer active in Malaysia under long-term PPAs
- JA Solar Technology Co., Ltd., Canadian Solar, First Solar, SunPower, JinkoSolar – Global PV suppliers used extensively in Malaysian installations .
- TNB Engineering Corporation Sdn. Bhd. – EPC arm of the national utility, involved in large-scale solar projects
- Plus Xnergy Holding Sdn. Bhd. – Significant local player in the utility-scale solar sector
- Verdant Solar – Focused on residential and SME solar installations, with over 3,000 homes completed
- Brilliant Solar, GSPARX, ITRAMAS, Next Energy, Pathgreen Energy, Progressture Solar, SOLS Energy, United Solar Energy, Verdant Solar – Ranked among Malaysia’s top 11 solar installers
- Solar Power Solutions Pvt Ltd – Offers full EPC services, including solar water heaters, EV charging stations, and solar panels manufacturing
- ERS Energy Sdn. Bhd. – An EPCC provider delivering multi-sector solar projects since 2008
- Kpower Berhad, Sunway Construction Group, Cypark, Solarvest, Scatec ASA – Top EPC firms for power generation projects
What Are the Challenges Faced by Solar Companies in Malaysia?
Solar companies in Malaysia face several challenges, most notably high upfront costs, grid integration limitations, and policy uncertainties. The upfront investment for solar battery storage systems can be substantial, ranging from around RM 12,000 for residential-scale setups to RM 44,000–50,000 for larger-capacity units.
When solar PV penetration exceeds 24–30% of peak demand, grid stability issues such as voltage and frequency fluctuations emerge, necessitating upgrades and flexibility measures by the national grid operator. Inconsistent policy rollouts, such as delays and rapid exhaustion of NEM quotas, have slowed project approvals and adoption cycles. These combined factors can extend payback periods and act as barriers to the faster deployment of solar energy in Malaysia.
How Does Solar Energy Adoption Benefit Malaysian Businesses?
Solar energy adoption offers substantial benefits to businesses in Malaysia, particularly in reducing electricity costs and lowering carbon emissions. Commercial and industrial users with rooftop solar photovoltaic (PV) systems can save up to 30% to 40% on their monthly electricity bills, depending on system size, consumption patterns, and tariff rates. Several well-known corporations, including IKEA and Panasonic Malaysia, have installed large-scale solar systems on their buildings to reduce operational expenses and enhance sustainability performance.
In terms of environmental impact, solar-powered commercial facilities can achieve an average emissions reduction of 20% to 30% annually, particularly for high-consumption industries. Reports by national green energy agencies indicate that factories equipped with rooftop solar systems have consistently reduced their greenhouse gas emissions by approximately 25% per year, aligning with Malaysia’s broader decarbonization goals under the National Energy Transition Roadmap. This demonstrates that solar adoption not only delivers financial returns but also contributes meaningfully to corporate ESG (Environmental, Social, and Governance) targets.
What Is the Future for Solar Companies in Malaysia?
The future outlook for solar companies in Malaysia is highly positive, driven by increasing demand and strong government commitments. The Ministry of Energy and Natural Resources wants to grow renewable capacity to 40% by 2035, including major additions of solar energy. A range of emerging technologies, from bifacial solar panels to expansive floating solar farms, such as the 60 MWac installation in Kelantan, are expected to expand market potential.
Private investment is also surging: in 2022, over RM 2 billion was channelled into solar projects, reflecting robust industry growth. Grid operators are preparing for the integration of large-scale solar energy to accommodate these advancements. For professionals seeking careers in renewable energy, Majikan.my lists job openings in solar companies, connecting talent with employers in Malaysia’s growing green economy.