KUALA LUMPUR, Aug 14 — Solarvest Holdings Bhd’s shares on Bursa Malaysia went up in the early session today as investors reacted positively to the establishment of its new wholly-owned subsidiary, Solarvest (Taiwan) Corp Ltd (STCL), in Taipei, Taiwan.

At 10.26am, the company’s shares rose by 4.0 sen per unit to RM1.38 with 1.89 million shares traded.

In a statement on Friday, Solarvest said the establishment of STCL would strengthen its market presence in Taiwan, while allowing it to explore clean energy project opportunities in the country.

The group said it has an active pipeline of projects in Taiwan, supported by a 200.0-megawatt peak of clean energy project opportunities.

The group’s executive director and group chief executive officer Davis Chong Chun Shiong said Taiwan presents a promising landscape for Solarvest’s expansion, driven by the nation’s ambition to achieve 30.0 gigawatts (GW) of solar energy and 20.7 GW of wind energy by 2030 and 2035, respectively. — Bernama