solar panel with high rise building behind

Solar Energy Can Improve Nation’s Well-Being

With the recent allocation of RM260.8 billion in the 2017 Budget for operating and development expenditure, the government has such implementation to protect the people’s wellbeing and the environment, which is in line with the Islamic point of view on the concept of self protection (hifdz al-nafs) and protection of environment (hifdz al-bi’ah).

This programme aims to enhance the resources of the lower-income group located in northern Peninsular Malaysia which allows them to reduce power usage and generate income by selling surplus electricity.

In line with the services offered by Solarvest, which aims to produce cleaner and affordable alternatives available, the company ensures customers the installation of solar PV system will save power consumption while enjoying effective energy conversions. Solarvest also conducts a unique mounting method that reduces roof leaks.

solar panel with sunset view

Solar Power is Now the Cheapest Form of Energy in Almost 60 Countries

Solar power has been verified as the cheapest source of new energy in lower-income countries, allowing corporations and governments to prioritize it compared to coal and gas for renewable sources.

According to Bloomberg New Energy Finance (BNEF) in 2016, the average price of solar energy in almost 60 countries dropped to US$1.65 million per megawatt while placed first is the wind at US$1.66 million per megawatt. The cost of solar power depends on the availability of sunshine, energy contracts that are in place and government subsidies, since it is still not the cheapest source around the world.

The service has been expanding due to its dropping costs of equipment, growing investment and business corporations like Solarvest that provides top-notch installation proves on the solar PV system. Solarvest, the leader in the Malaysian solar power business offers full-service on small scale to large-scale projects.

willmill wind power

BMI Research: Malaysia in World’s Top Three for Renewable Energy Investment

Malaysia is among the top three global investment destinations for renewable energy, according to BMI Research. This can be attributed to several factors, including a favourable economic and politically stable business climate, in addition to a “buoyant macroeconomic outlook” as well as potential growth in the renewable energies industries, especially wind and solar power.

With that in mind, the country’s renewable energy sector has been growing rapidly, building a solid platform on which its renewable energy players can thrive.

Equipped with a passion for renewable energy sources, Solarvest is unwavering in its commitment to championing a unique business that is environmentally friendly. To this end, the company has the distinction of being among the pioneering batch of grid-tiered solar power installation experts, earning certifications from SEDA, ISPQ and GCPV.

 

solar panel at residential rooftop

Malaysia, Well Positioned to Attract More Solar Investments

Malaysia has progressed significantly in the solar PV industry over the past decade which has, in turn, resulted in the promising growth of new businesses and jobs. In 2016 alone, the country attracted seven solar manufacturing projects and 83 renewable energy projects in the solar industry worth RM1.77 billion and RM0.65 billion respectively.

To reinforce a comprehensive solar ecosystem, the solar PV industry requires adequate support by a strong supply chain. This is where hi-tech and established solar players can play an integral role.

As a leading name in the industry, Solarvest has the knowledge, experience and expertise to take on this challenge confidently.

solar panel at garden

Malaysia Poised to be Leader in Solar Industry

Despite solar PV being a relatively new source of growth in Malaysia, the country has been making strides in the solar industry in recent years. Among others, it is the world’s third largest manufacturer of PV cells and modules, has the largest thin film manufacturing site and is one of the top exporters of solar panels to the United States.

In a bid to continue on this upward trajectory toward transforming Malaysia into a “hub for solar manufacturing and services as well as an efficient energy generator in expanding economic growth, energy scrutiny and sustainable development”, the country is planning to roll out the Malaysian Solar PV Roadmap 2030 at the end of the year.

As a top high-income yielding solar PV system installation brand in the country specialising in large-scale solar farming in the country, Solarvest is dedicated to being at the forefront of the industry to help you get the most of the solar energy.

Panda Green Energy completes first panda-shaped PV power plant

Panda Green Energy Completes First Panda-Shaped PV Power Plant

China-based renewable energy developer and owner Panda Green Energy Group (PGEG), formerly United Photovoltaics said it had completed and grid-connected the first panda-shaped PV power plant in Datong County, Shanxi Province, China.

The 50MW plant also includes a youth activity centre dedicated by United Nations Development Programme (UNDP) to promoting youth participation in sustainable development. PGEG has teamed with UNDP to build panda-shaped PV power plant in China and other parts of the world, notably the ancient network of trade routes by sea and overland from China to Europe, such as the Silk Road.

This first panda-shaped PV power plant is expected to generate electricity equivalent to the reduction of approximately 60,000 tons of carbon dioxide emission each year.

Sadly, actual pictures of the plant (at time of posting) were not available on PGEG’s website, due it being upgraded and amended due to the recent name change.

大同熊猫电站鸟瞰图

Source Via: www.pv-tech.org

Electric Generation chart by source

Wind and Solar to ‘Dominate’ Future of Electricity by 2040

Renewable energy is indeed the future, according to Bloomberg New Energy Finance’s latest report, which forecasts technologies such as wind and solar to “dominate” the future of electricity by 2040, making up 48% of the world’s installed capacity and 34% of electricity generation.

“This year’s report suggests that the greening of the world’s electricity system is unstoppable, thanks to rapidly falling costs for solar and wind power, and a growing role for batteries, including those in electric vehicles, in balancing supply and demand,” said Seb Henbest, lead author of NEO 2017 at BNEF.

Renewable energy-generated electricity will rise 169% by 2040, and reach 74% penetration in Germany, 38% in the US, 55% in China and 49% in India.

BNEF’s New Energy Outlook (NEO) predicts US$7.4 trillion to be invested in new renewable energy plants by 2040 also; which is 72% of the US$10.2 trillion that is projected to be spent on new power generation worldwide. Of that investment, solar takes US$2.8 trillion and sees a fourfold increase in capacity.

China and India account for 28% and 11% of all investment in power generation by 2040. Asia Pacific sees almost as much investment in generation as the rest of the world combined. Of this, just under a third goes to wind and solar each, 18% to nuclear and 10% to coal and gas.

Solar Specifics

The NEO details how the levelised cost of electricity (LCOE) from solar PV, which is now almost of quarter of what it was in 2009, is set to drop another 66% by 2040. By then, US$1 is expected to buy 2.3 times as much solar energy than it does today; which is significant as utility-scale solar prices have recently fallen below US$1/Watt according to GTM Research.

Furthermore, solar is already on par with coal prices in the US, Australia, Germany, Spain and Italy. By 2021, BNEF forecast that this trend will permeate into China, India, Mexico, Brazil and the UK.

On the residential side, by 2040, rooftop PV will account for as much as 24% of electricity in Australia, 20% in Brazil, 15% in Germany, 12% in Japan and 5% in both the US and India.

At the same time, utility-scale renewable energy plants will continue to grow, further reducing the need for existing coal and natural gas plants. In fact, BNEF forecast coal use in Europe will fall by 87% in Europe by 2040 and 51% in the US. However, coal will continue to grow in China by a fifth over the next decade, but is expected to reach its peak in 2026.

Global emissions too are projected to peak in 2026, but be 4% lower in 2040 than they were in 2016.

“One of the big questions for the future of electricity systems is how large amounts of variable wind and solar generation can be accommodated, and yet keep the lights on at all times,” the report reads. “Sceptics worry about ultra-cheap renewables depressing power prices and squeezing out base-load coal, gas and nuclear plants.”

Energy Storage

In order to support the increased amount of variable renewable power on the grid, energy storage – both in the form of utility-scale and small-scale battery systems – will have a big part to play in smoothing out the peaks and troughs in supply.

BNEF expects the lithium-ion battery market for energy storage to be worth at least US$239 billion between now and 2040. Utility-scale batteries will be increasingly competitive with natural gas to provide system flexibility at times of peak demand. Small-scale residential and non-residential battery systems will account for 57% of storage worldwide by 2040.

“NEO reflects the understanding our team has built up over more than a decade of how technology costs and system dynamics have evolved, and are evolving,” said Jon Moore, chief executive of BNEF. “This year’s NEO shows an even more dramatic low-carbon transition than we have projected in previous years, with steeper drops in wind and solar costs and faster growth for storage.”

 

https://www.pv-tech.org/news/wind-and-solar-to-dominate-future-of-electricity-by-2040#

 

CHIN HIN logo

Chin Hin to Buy 45% Stakes in Three Solar Power Firms

KUALA LUMPUR: Building materials distributor Chin Hin Group Bhd has proposed the acquisition of 45% stakes in three companies for RM24.8 million to boost its involvement in the solar power investment business.

In a filing with Bursa Malaysia, Chin Hin said the proposed acquisitions would also grant the group opportunities to expand its solar power investment business regionally to tropical countries.

The group yesterday entered into a memorandum of understanding with the shareholders of the three companies — Atlantic Blue Sdn Bhd, Powertrack Sdn Bhd and Solarvest Energy Sdn Bhd — to undertake the acquisitions.

The shareholders include Tan Chyi Boon, Lim Chin Siu, Tan Paw Boon and Chong Chun Shiong.

Atlantic is principally involved in the installation of equipment for generation of electricity by way of solar power energy, the sale of electricity through solar generation and property investment holdings.

Powertrack and Solarvest are associate companies of Atlantic, and are principally involved in the engineering, procurement and construction of solar energy.

Future Energy Expo 2017 group photo

NewStraitsTimes : M’sia launches ‘1 Post = 1 Watt’ contest at Future Energy Expo 2017

ASTANA: Malaysia will ride on social media to drive its renewable energy aspirations as part of a pledge to concerned netizens to push for more solar power generation.

Energy, Green Technology and Water minister Datuk Seri Dr Maximus Ongkili said social media posts by netizens that inspire green growth and help propagate the #MyButterflyEffect campaign will be matched with a one watt solar generation pledge by the country.

This will be carried out via its “1 Post = 1 Watt” campaign at the ongoing Future Energy Expo 2017 here over the next three months.

“As an emerging market leader, Malaysia is in a position to inspire the world. We believe that a relatively small nation like Malaysia can inspire big changes in green growth on a global scale because, after all, green growth is in our nature.

“With the #MyButterflyEffect campaign and asking the simple question #Wattif, we have set in motion a ‘butterfly effect’ that will hopefully result in a world powered by future energy,” Dr Maximus said.

With Malaysia ranked as the most forested country among emerging nations, and the fourth most forested country in the world, it is a natural home for green technology.

The “1 Post = 1 Watt” pledge is a call-to-action to all Expo 2017 nations, participants and global citizens to share their green growth inspirations on social media, amplifying the conversation about future energy.

As an added incentive to Malaysians and Kazakhs, the two most inspiring green growth posts from each country will win all-expense-paid trips to Expo 2017 to visit the Malaysia Pavilion and see for themselves the impact of their words.

The contest ends on Jul 10 for Malaysians and Jul 39 for those in Kazakhstan.

The Malaysia Pavilion, themed “Powering Green Growth”, was launched here at the Expo 2017, which has the participation of 115 nations from around the world.

 

Source : New Straits Times

Solarvest solar panel rooftop installation

TheStar : Bright Future On The Horizon

Having the right strategy has positioned solar power player for regional expansion

FORMED five years ago with only four workers, Solarvest Energy Sdn Bhd has now grown into a formidable solar power player on the cusp of expanding beyond Malaysia.

It now has offices located in Kuala Lumpur, Alor Star and Seberang Prai, employs 80 workers and expects sales to double this year.

But success did not come overnight.

“We worked hard to find the niche market that had been overlooked.

“And we found that market in the residential segment, where demand for solar projects was on a smaller scale compared to industrial solar projects,” says managing director Davis Chong.

Back then, the company was operating out of a rented space in Alor Star in 2012.

Regional plans: Solarvest is poised to move into the South-East Asian market.

Regional plans: Solarvest is poised to move into the South-East Asian market.

Solarvest had a hard time securing big projects under the Sustainable Energy Development Authority of Malaysia’s (SEDA) Feed-in-Tariff (FiT) programme because it was a new company and was still small in size.

Chong notes that it was normal for only two out of 10 industrial applicants to get the approval to install solar panels under the FiT programme.

Competing for a slice of the pie with already established players wouldn’t have worked out well for a newcomer like Solarvest. So the company shifted its focus to a different segment – the residential market.

“Solarvest was the first photovoltaic (PV) engineering, procurement and construction company in the country to install solar panels for residential properties,” says Chong.

Thanks to its strategy of marketing solar power to the residential sector, Solarvest’s fortunes turned around in 2013.

Chong says the company started developing customised solar power installation packages that were suitable for household needs.

“We used German solar panels and inverters and provided a longer warranty period under the package.

Growing trend: Demand for solar panels in the residential segment is on the uptrend boosted by lower costs and conducive regulation.

Growing trend: Demand for solar panels in the residential segment is on the uptrend boosted by lower costs and conducive regulation.

“We also put much effort into educating the residential sector on the economic and environmental benefits that they can get by using solar energy,” he says.

According to Chong, the adoption of solar power could reduce electricity bills quite significantly for both industrial and residential users.

In the initial stage of consultation, Solarvest would advise its customers to install just enough solar panels to generate at least a 20%-30% savings on their electricity bills.

This will be followed by close monitoring and analysis of their usage to determine whether additional solar panels are required.

To optimise its solar projects, Solarvest emphasises on energy output performance to meet the power consumption of its customers to ensure that they don’t over invest into generating solar power that they don’t need.

“Depending on their energy needs, they could potentially save up to 75% on their electricity bills with solar energy solutions,” Chong adds.

The strategy worked well for Solarvest and the company won many projects from the residential segment in 2013.

Right connection: Solarvest engineers are wiring the solar switchboard for easy control.

Right connection: Solarvest engineers are wiring the solar switchboard for easy control.

This also prompted other solar energy providers in Malaysia to follow in its footsteps.

But Solarvest, says Chong, has the first-mover advantage and this has enabled the company to build its presence in the residential market and subsequently expand into the commercial and industrial segments.

The company now has about 13%-15% share of the country’s solar energy market.

With its years of experience serving the local market, Chong reckons that the company is now well positioned for plans to expand overseas. He is looking at penetrating the South-East Asian solar energy market over the next two years.

Chong also notes that the team at Solarvest has the right skillsets and synergy to bring the company into the region.

Prior to founding Solarvest, Chong had worked as a marketing manager with various multinational companies. His co-founders, CS Lim and Edmund Tan, were from the construction and recycling industries respectively.

“Our passion was to start a green energy company, which would help reduce the carbon footprint in the country.

Sizable: The company now has about 13-15 share of the country’s solar energy market.

Sizable: The company now has about 13-15 share of the country’s solar energy market.

“Our diverse work background helped to formulate an appropriate business strategy responsible for our success today,” Chong says.

With its business on firm footing, Chong expects Solarvest’s business to grow two-fold in 2017 as more industrial and residential properties turn to solar power as a means of reducing their electricity bills.

The company is targeting revenue of RM80mil this year, compared to RM40mil in 2016.

Chong notes another growth driver for solar energy adoption is the declining cost of solar panel installations.

According to Chong, the cost of installing solar panels on a landed property has dropped by about 40% since 2012.

“Before 2012, it costs about RM100,000 to install 12kW solar panels for a terrace house.

“Now the cost is around RM60,000 due to the decline in solar module pricing.

 

All the ingredients: Chong says Solarvest has the right experience, skillsets and synergy to expand its market.

All the ingredients: Chong says Solarvest has the right experience, skillsets and synergy to expand its market.

“The selling price per Watt of a solar module is now US$0.40 compared to US$1 before 2012. This means a 320W solar module would cost US$128,” he explains.

Additionally, the new Net Energy Metering (NEM) mechanism, which was introduced late 2016 to replace the FiT programme, will drive the growth of solar panel installation in the country.

While FiT only approved a limited number of applicants, particularly to those from the industrial sector, to install solar panels, the NEM mechanism enables everyone to get the approval to install solar panels and facilitates self-consumption of solar energy and the selling back of excess solar energy to the grid to offset part of their electricity bill.

NEM also provides a double tax deduction for businesses using solar energy.

“The owners of business premises have until 2020 to register with the Malaysian Investment Development Authority (Mida) for double tax deductions,” says Chong.

To date, Solarvest has installed about 35MW of solar power, which is sufficient to supply power to 4,500 houses every day.

“We have also invested RM14mil for two 2MW solar farm projects in Kedah, which is sufficient to generate power supply for some 300 houses per day.“About 70% of solar projects secured by our company comes from the northern region,” he says.

Source: The Star SMEBiz