The Malaysian solar energy market is projected to grow at a Compound Annual Growth Revenue (CAGR) of more than nine percent between the years of the forecast (2023-2028). Incentives and policies to encourage the use of renewable energy, notably solar energy, have been put in place in several Asia-Pacific nations. By fostering a climate that is conducive to the adoption of solar photovoltaic system integration services and renewable energy solutions, these policies have been crucial in fostering the market’s growth.
Environmental concerns, the declining cost of solar PV systems, rising energy consumption, and escalating energy tariffs are all driving the market’s expansion. The market in Malaysia is anticipated to grow at a rapid rate during the forecast period as a result of rising investments in renewable energy and initiatives to move away from fossil fuel-based power generation.
Catering to this industry for over a decade, Pensolar has established itself as a one-stop solution provider delivering Renewable Energy (RE) solutions, particularly in solar PV. The establishment has been making solar PV accessible to everyone, offering end-to-end turnkey solutions tailored to meet diverse client needs. Pensolar is a respected and certified Service Provider company offering Engineering, Procurement, Construction, and Commissioning (EPCC) solutions, complete with system upkeeping, with an intense focus on quality, safety, inventiveness, and client fulfillment.
Its expertise and capacity have made the company the preferred choice as a Solar PV system integrator in Malaysia, across utility-scale farms, Commercial & Industrial (C&I) facilities to private residential households. “We strive hard to meet all unique customer requirements. Any difficulty is not an obstacle for Pensolar but it is a challenge worth overcoming.Since we have been active in the Malaysian solar market, we have completed several notable projects. Our experience spans across both small-scale and large-scale solar projects.
We are not only confined to Solar PV, as we are also competent in other Renewable Energy sectors and Energy Efficiency”, shares Darren Wong, Director & CEO of Pensolar. In addition to being an EPCC provider, Pensolar is also a Registered Photovoltaic Investor (RPVI), offering Zero- Upfront Capital business models to prospective clients. This business model provides minimal financial risks for C&I consumers.
Pensolar is a respected and certified grid-connected solar EPCC company with an intense focus on quality, safety, inventiveness, & client fulfillment
Malaysia’s Renewable Energy Roadmap aims to deliver Renewable Energy (RE) capacity to 40 percent by 2035. In line with Nation’s Environmental, Social, and Governance (ESG) initiative, Pensolar signifies its support by offering Value Enhancing Solutions such as solar carports, floating solar, solar glass window facades & skylights, energy storage systems, agrivoltaic systems and drone electroluminescence (EL) testings. Pensolar is keeping up with the challenges of the industry evolving constantly by investing in Research and Development (R&D) to stay ahead of the curve. Moving forward, Pensolar is also looking to develop Agrivoltaics, where solar energy and farming are combined. Agrivoltaics can potentially solve multiple problems at once, increase renewable energy production, reduce potential competition of valuable agricultural land, increase sustainable food production, and also improve panel efficiency as the plants create a cooling microclimate around solar arrays.
Katharine Loh Wen Yuin, Director - Corporate Affairs
“Pensolar is also seeking to expand its range of services through Memorandum of Understandings (MOUs) with other government agencies and organizations. One of the major MOUs is to establish a solar panel recycling plant to handle large quantities of solar pv modules once they are decommissioned and the other is to provide quality Battery Energy Storage Systems (BESS), enabling a stable supply of electricity thus avoiding curtailment of renewable energy and maximizing their utility”, speaks Katharine Loh, Director of Corporate Affairs.
Pensolar has undergone tremendous growth in the years since its inception. During this time, the firm has completed a wide variety of projects and served clients across diverse domains including healthcare, education, hospitality, and manufacturing. As it continues to expand its renewable energy offerings to the various market sectors, Pensolar is committed to providing quality and efficient renewable energy solutions, in line with its motto ‘Energising A Sustainable Future’.
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