Tag: #GreenEnergy

  • Accelerated Solar Project Delivery Drives 90.5% Profit Jump for Samaiden in Q2 FY2026

    Accelerated Solar Project Delivery Drives 90.5% Profit Jump for Samaiden in Q2 FY2026

    Samaiden Group Berhad (“Samaiden” or “the Company”), a specialist in renewable energy primarily engaged in the development, engineering, procurement, construction, and commissioning of renewable energy systems and power plants, has reported strong financial results for the quarter ended 31 December 2025 (Q2 FY2026). The Group recorded revenue of RM102.79 million, marking an increase of 28.4% from RM80.05 million in the preceding quarter. This growth was largely driven by accelerated construction activities and higher progress billings from ongoing utility-scale solar projects. Profit Before Tax rose to RM10.82 million, up 64.9% from RM6.56 million in Q1 FY2026, reflecting improved project momentum and contributions from projects with stronger margin profiles. In line with this performance, Profit After Tax increased by 90.5% to RM9.03 million, compared with RM4.74 million in the previous quarter, highlighting the Company’s ability to translate higher revenue into stronger bottom-line growth.

    Datuk Ir. Chow Pui Hee, Group Managing Director of Samaiden, stated that the quarter’s performance reflects stronger on-site execution and steady progress across key projects. Higher construction activities contributed to increased revenue recognition, while projects with healthier margin profiles enhanced overall profitability. Despite recent increases in solar panel prices, the impact on the Company has remained minimal, supported by early procurement planning, strategic sourcing, and disciplined cost management, ensuring projects remain on track. He emphasized that Samaiden continues to focus on maintaining operational discipline while executing its expanding pipeline of renewable energy projects.

    The renewable energy sector in Malaysia continues to offer significant growth opportunities, supported by evolving policy initiatives such as the updated Corporate Renewable Energy Supply Scheme (CRESS), the introduction of Feed-in Tariff 3.0 (FiT 3.0), and the Solar Accelerated Transition Action Programme (Solar ATAP), which was implemented following the conclusion of the Net Energy Metering (NEM) programme. Against this positive industry backdrop, the Group expects continued growth momentum from the ongoing rollout of renewable energy initiatives.

    As of 31 December 2025, Samaiden’s order book stood at RM600.5 million, providing a strong foundation for revenue recognition in the coming financial periods. With a healthy pipeline spanning CRESS, LSS5+, the Corporate Green Power Program, and rooftop solar projects, Samaiden is well-positioned to capture further growth in Malaysia’s renewable energy sector.

  • Solarvest and Huawei Malaysia Team Up for Solar and Energy Storage Innovation

    Solarvest and Huawei Malaysia Team Up for Solar and Energy Storage Innovation

    As Malaysia continues its journey towards a sustainable, low-carbon economy, a new wave of innovation is making its mark in the energy sector. Solarvest Holdings Berhad and Huawei Technologies (Malaysia) Sdn Bhd have deepened their collaboration to deliver advanced solar and energy storage solutions that promise to transform the nation’s energy infrastructure. By combining the strengths of Solarvest’s renewable energy development expertise with Huawei’s cutting-edge technology, the partnership aims to drive greater energy independence, resilience, and sustainability across Malaysia.

    The latest initiative in this collaboration centers on the deployment of solar + energy storage systems, which combine photovoltaic (PV) solar energy generation with cutting-edge battery storage solutions. As part of their joint efforts, Solarvest and Huawei Malaysia will focus on reducing Malaysia’s reliance on traditional energy sources, while also empowering businesses, communities, and individuals to take charge of their own energy needs.

    The integration of Battery Energy Storage Systems (BESS) alongside solar technology offers a number of advantages, from enhancing grid stability to enabling a continuous power supply even when the sun isn’t shining. With this collaboration, Solarvest will focus on large-scale solar power installations across Malaysia, while Huawei Malaysia’s technology will power the energy storage component, ensuring greater flexibility and energy efficiency.

    In addition to creating more sustainable energy systems, this partnership aims to address Malaysia’s growing demand for renewable energy solutions that are both reliable and cost-effective. Solarvest’s large-scale solar farms (LSS) and other solar energy projects will incorporate Huawei’s Smart PV inverters and BESS technology, maximizing the efficiency of solar power generation and storage.

    One of the key benefits of Solar + Storage solutions is the ability to store excess energy produced during the day for use at night or during peak demand periods. With Huawei’s BESS technology, stored energy can be dispatched to the grid, stabilizing power supply and reducing Malaysia’s dependency on fossil fuel-based electricity generation.

    “Energy storage is the key to unlocking the full potential of renewable energy in Malaysia,” said Mr. Davis Chong Chun Shiong, Executive Director and Group CEO of Solarvest. “With Huawei’s advanced storage and inverter technologies, we can ensure that energy generated by solar projects is efficiently stored and readily available whenever it is needed. This not only supports Malaysia’s transition to a greener energy future but also offers businesses and consumers greater control over their energy usage.”

    This partnership goes beyond technology to support the growth of Malaysia’s green energy workforce. As part of their ongoing commitment to training and education, Huawei Malaysia will support Solarvest’s efforts to upskill the local workforce in solar energy technologies, including the installation and maintenance of solar systems, BESS integration, and EV charging infrastructure.

    The collaboration will play a critical role in developing a skilled labor force capable of supporting the country’s green transition. Huawei will also offer hands-on training programs, certification courses, and job placements to ensure that Malaysia’s energy professionals are equipped with the necessary skills to implement advanced energy solutions.

    “We are committed to building a green economy in Malaysia, and this includes nurturing the next generation of green energy professionals,” said Mr. Simon Sun, CEO of Huawei Malaysia. “Through training programs and partnerships with local educational institutions, we aim to create a sustainable talent pipeline that will support Malaysia’s clean energy sector for years to come.”

    The integration of solar power with energy storage also aligns with Malaysia’s goal of achieving carbon neutrality by 2050. By reducing dependence on fossil fuels, the partnership between Solarvest and Huawei Malaysia supports the country’s efforts to meet its climate targets and reduce carbon emissions.

    Huawei’s Smart PV inverters have already made a significant impact on Malaysia’s energy grid, with the company’s technologies expected to generate an estimated 3.9 billion kWh of clean electricity annually, which equates to a reduction of 1.81 million tonnes of CO2 emissions each year. The new partnership will further amplify these contributions, accelerating the growth of renewable energy in the region.

    “The combination of smart technology and energy storage will not only improve the efficiency of renewable energy but also make our grid more resilient to future challenges,” said Mr. Chong Chern Peng, Vice President of Huawei Malaysia’s Digital Power Business. “By partnering with Solarvest, we are laying the foundation for an energy ecosystem that is both greener and more reliable.”

    This new initiative comes at a critical time when Malaysia is ramping up its efforts to meet both local and global climate commitments. With the growing importance of clean energy in the fight against climate change, partnerships like this one between Solarvest and Huawei Malaysia are crucial for accelerating the energy transition.

    The two companies are united by a shared vision of a carbon-neutral Malaysia, with a clear focus on building resilient, efficient, and sustainable energy systems that will empower future generations. By tapping into the full potential of solar + storage solutions, Malaysia is not only moving towards its climate goals but also leading the way for Southeast Asia in renewable energy innovation.