Solarvest Holdings Berhad, HSS Engineering SdnBhd, and Shizen Malaysia SdnBhd have received Green Investment Tax Allowance approval from MIDA for a 29.99 MW AC solar project in Kedah. According to MIDA, the project qualifies under the Corporate Green Power Programme and supports Malaysia’s energy transition objectives. As per Solarvest, the project will be developed through SM01 SdnBhd, a special purpose vehicle jointly owned by Shizen Malaysia (49%), Solarvest Asset Management (33%), and HSS Engineering (18%). The approval was announced during Malaysia’s Investment, Trade and Industry Week at Expo 2025 Osaka. Shizen Malaysia stated it will provide technical expertise, while Solarvest and HSS will lead project execution and infrastructure development. According to HSS Engineering, the tax incentive is expected to improve financial viability and promote cross-border renewable investment between Malaysia and Japan.