Installation Of Rooftop Solar PV Solutions

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Installation Of Rooftop Solar PV Solutions
Installation Of Rooftop Solar PV Solutions
For Industrial And Commercial Premises
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Renewable Resources and Alternative Energy
Alternative Energy
Business Model Description

Invest in B2B models offering PV installation solutions to commercial and industrial buildings. These businesses generate revenue from the sale of equipment, service fees, and/or by selling the electricity generated to the grid. Their focus is on providing efficient, cost-effective, and sustainable solutions that help industrial and commercial premises meet their energy needs while reducing their environmental footprint. Examples of companies active in this space are:

First Solar Malaysia has a 486.72 kWpdc PV system which is connected to a 33kV grid system that generates approximately 2,000kWh/day. Parent company First Solar raised USD 1.2 billion to date (including from US International Development Finance Corp and Mizuho Corporate Bank. First Solar's notable exits are SolarCity and Younicos) (42).

Solarvest Holdings Bhd secured a USD 37.94 million contract to build a solar PV energy generating facility in Chuping, Perlis. Solarvest's IPO for its Bursa Malaysia ACE Market listing involved a public issue of 98.83m new shares at USD0.076 each to raise USD 7.5 million for the company. (44, 47).

Plus Xnergy is a leading solar PV solutions provider in Malaysia. It has a total installed capacity of over 279 MWp across commercial, industrial and residential premises and solar farms. Notable installations include a combined 3,602 kWp installed capacity across IKEA Penang, Johor and Cheras. As of 2021, Plus Xnergy recorded a revenue growth of USD 108.40 million in 3 years (45).

Expected Impact

Increase renewable energy share through rooftop solar PV panel solutions for industrial and commercial premises, green employment with diverse services and reduce carbon intensity.

How is this information gathered?
Updated: 18 Jun, 2023
Malaysia
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
> 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Short Term (0–5 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Affordable and Clean Energy (SDG 7) Responsible Consumption and Production (SDG 12) Industry, Innovation and Infrastructure (SDG 9)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Reduced Inequalities (SDG 10) Gender Equality (SDG 5) Sustainable Cities and Communities (SDG 11)

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Sector Sources
  • 1) Economic Planning Unit (EPU). 2021. Malaysia Voluntary National Review (VNR) 2021. https://www.epu.gov.my/sites/default/files/2021-07/Malaysia_Voluntary_National_Review_%28VNR%29_2021.pdf. 2) Ministry of Energy, Green Technology and Water. 2015. National Energy Efficiency Action Plan. https://policy.asiapacificenergy.org/sites/default/files/National%20Energy%20Efficiency%20Action%20Plan%20%28NEEAP%29%20.pdf. 3) SEDA. 2021. Malaysia Renewable Energy Roadmap, Pathway towards low carbon energy system. https://www.seda.gov.my/reportal/wp-content/uploads/2022/03/MyRER_webVer3.pdf. 4) Rohani Salleh et al. 2021. Women Empowerment and Work-Life Balance of Women Engineers in the Malaysian Energy Sector: A Conceptual Framework. https://www.researchgate.net/publication/356258636_Women_Empowerment_and_Work-Life_Balance_of_Women_Engineers_in_the_Malaysian_Energy_Sector_A_Conceptual_Framework. 5) Asian Development Bank. 2021. Climate Risk Country Profile: Malaysia 2021. https://www.adb.org/publications/climate-risk-country-profile-malaysia. 6) Bank Negara Malaysia (Central Bank). 2021. Climate Change and Principle-based Taxonomy. https://www.bnm.gov.my/documents/20124/938039/Climate+Change+and+Principle-based+Taxonomy.pdf. 7) Prime Minister’s Department of Economy, Economic Planning Unit. 2021. Twelfth Malaysia Plan (12MP) 2021-2025 : A Prosperous, Inclusive, Sustainable Malaysia. https://rmke12.epu.gov.my/en. 8) UNDP Malaysia Country Office. 2021. Issue Brief: Advancing Gender Equality in Malaysia. https://www.undp.org/malaysia/publications/issue-brief-advancing-gender-equality-malaysia. 9) The Edge Markets. 2022. Full Budget 2023 Speech. https://maa.theedgemarkets.com/article/full-budget-2023-speech. 10) The Law Reviews. 2021. The Energy Regulation and Markets Review: Malaysia. https://thelawreviews.co.uk/title/the-energy-regulation-and-markets-review/malaysia. 11) Ministry of Energy, Green Technology and Water. 2017. Green Technology Master Plan 2017-2030. https://www.pmo.gov.my/wp-content/uploads/2019/07/Green-Technology-Master-Plan-Malaysia-2017-2030.pdf. 12) IRENA. 2022. Energy Profile, Malaysia. https://www.irena.org/-/media/Files/IRENA/Agency/Statistics/Statistical_Profiles/Asia/Malaysia_Asia_RE_SP.pdf. 13) Economic Planning Unit, Prime Minister’s Department. 2022. National Energy Policy 2022-2040. https://www.epu.gov.my/sites/default/files/2022-09/National%20Energy%20Policy_2022_2040.pdf. 14) Azmi & Associates. 2020. Legal Updates on the Solar Energy Industry in Malaysia. https://www.legal500.com/developments/thought-leadership/legal-updates-on-the-solar-energy-industry-in-malaysia-2/. 15) The Edgge Malaysia. 2023. Malaysia lifts RE exports ban and raises 2050 generation capacity goal to 70%. https://www.theedgemarkets.com/node/666169. 16) International Renewable Energy Agency. 2023. Malaysia Energy Transition Outlook. https://mc-cd8320d4-36a1-40ac-83cc-3389-cdn-endpoint.azureedge.net/-/media/Files/IRENA/Agency/Publication/2023/Mar/IRENA_Malaysia_energy_transition_outlook_2023.pdf?rev=b95f3ef90d3847bfb552f02bdde21529. 17) The Edge Malaysia. 2022. The lure of small-scale solar. https://www.theedgemarkets.com/article/lure-smallscale-solar. 18) The Sun Daily. 2022. Climate Change Putting National Rice Security at Risk - Minister. https://www.thesundaily.my/local/climate-change-putting-national-rice-security-at-risk-minister-BK8480113. 20) DOSM. 2021. Newsletter DOSM/BPPAS/1.2021/SERIES 17 Renewable Energies. https://www.dosm.gov.my/v1/uploads/files/6_Newsletter/Newsletter%202021/DOSM_BPPAS_1-2021-Series-17.pdf. 19) Mordorintelligence. 2023. MALAYSIA RENEWABLE ENERGY MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028). https://www.mordorintelligence.com/industry-reports/malaysia-renewable-energy-market 46) Government of Malaysia. 2022. Malaysia's Update of its Nationally Determined Contribution. https://unfccc.int/sites/default/files/NDC/2022-06/Malaysia%20NDC%20Updated%20Submission%20to%20UNFCCC%20July%202021%20final.pdf.
IOA Sources
  • 21) Stakeholder Consultation on March 21, 2023 22) Stakeholder Consultation on March 21, 2023 23) Stakeholder Consultation on March 23, 2023 24) Stakeholder Consultation on March 24, 2023 25) Stakeholder Consultation on Feb 14, 2023 26) Mordor Intelligence. 2022. Malaysia Solar Energy Market Size. https://www.mordorintelligence.com/industry-reports/malaysia-solar-energy-market. 27) Statista. 2021. Solar energy capacity in Malaysia from 2012 to 2021. https://www.statista.com/statistics/873026/solar-energy-capacity-malaysia/#:~:text=The%20solar%20energy%20capacity%20in,to%2032%20megawatts%20in%202012. 28) Solarvest Holdings Bhd. 2019. Solarvest Holding Bhd's IPO prospectus. https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=196539&name=EA_DS_ATTACHMENTS. 29) Solarvest Holdings Bhd. 2022. Annual Financial Disclosures 2020 - 2022. https://solarvest.my/wp-content/uploads/2022/11/slvest-is2022.pdf https://solarvest.my/wp-content/uploads/2022/11/SLVEST-IS2021.pdf. 30) MOF. 2023. Appendix II Tax Measures Budget 2023 https://budget.mof.gov.my/pdf/belanjawan2023/ucapan/tax-measure.pdf. 31) Ministry of Women, Family and Community Development. 2021. Statistics on Women, Family and Community. https://www.kpwkm.gov.my/kpwkm/uploads/files/Penerbitan/Buku%20Perangkaan/e-book%E2%80%A2KPWKM%202020-2021%20291122.pdf.UT09. 32) UN Department of Economic and Social Affairs. 2022. SDG Indicators Database. https://unstats.un.org/sdgs/dataportal/database. 33) Statista. 2017. Material footprint per capita in Malaysia from 2005 to 2017. https://www.statista.com/statistics/687338/malaysia-material-footprint-per-capita/. 36) SEDA. 2016. Net Energy Metering (NEM) 3.0 https://www.seda.gov.my/reportal/nem/. 37) Mohammed Abdul Mujeeb Khan, Yun Ii Go. 2020. Design, optimization and safety assessment of energy storage: A case study of large-scale solar in Malaysia. https://onlinelibrary.wiley.com/doi/full/10.1002/est2.221. 38) Government of Malaysia. 2011. Law of Malaysia, Act 725, Renewable Energy Act 2011. https://policy.asiapacificenergy.org/sites/default/files/RENEWABLE%20ENERGY%20ACT%202011%20%28ACT%20725%29.pdf. 39) SEDA. Rules and Regulations. https://www.seda.gov.my/policies/rules-and-regulations/. 40) IsBD. 2019. Country Gender Profile: Malaysia. https://www.isdb.org/women-youth/country-gender-profile-malaysia. 41) IEA. 2020. Malaysia. https://www.iea.org/countries/malaysia. 43) Lin-Sea Lau, et al. 2022. Expert insights on Malaysia’s residential solar-energy policies: shortcomings and recommendations. https://academic.oup.com/ce/article/6/4/619/6648539?login=false. 42) Crunchbase. 2023. First Solar. https://www.crunchbase.com/organization/first-solar/company_financials 47) The Edge Malaysia. 2019. Solarvest IPO oversubscribed by 35 times. https://theedgemalaysia.com/article/solarvest-ipo-oversubscribed-35-times 44) The Edge Malaysia. 2021. Solarvest bags Rm175m contract to build largest solar farm in Perlis. https://theedgemalaysia.com/article/solarvest-bags-rm175m-contract-build-largest-solar-farm-perlis 45) The Malaysian Reserve. 2021. Plus Xnergy rebrands to restructure, optimise business. https://themalaysianreserve.com/2021/08/27/plus-xnergy-rebrands-to-restructure-optimise-business/ 49) MGTC,2022. Guideline for Green Technology Tax Incentive (GITA/GITE) https://www.myhijau.my/wp-content/uploads/2022/05/REC-GTGT-007-GUIDELINES-FOR-GREEN-TECHNOLOGY-TAX-INCENTIVE-GITAGITE.pdf 48) Government of Malaysia. Industry4WRD Policy. 2018. https://www.miti.gov.my/index.php/pages/view/4832 50) Government of Malaysia. Economic & Fiscal Outlook and Federal Government Revenue Estimates 2023. 2023. https://budget.mof.gov.my/pdf/belanjawan2023/ekonomi-fiskal/EUFORE2023_270223.pdf 51) Jaks Resources Bhd Financial Results. Bursa Malaysia. 2023. https://www.bursamalaysia.com/market_information/announcements/company_announcement