Solarvest inks MoU with Vista Contracting for solar projects in Malaysia, Brunei, Taiwan, and Cambodia

SOLARVEST Holdings Bhd has today entered into a memorandum of understanding (MoU) with Vista Contracting and Investment Global Pte Ltd, to explore collaboration opportunities in developing rooftop and utility-scale solar projects across Malaysia, Brunei, Taiwan, and Cambodia.

Vista, incorporated in Singapore, specialises in the investment, development, and management of renewable energy projects, focusing on rooftop and utility-scale solar power systems.

The MoU outlines the intention of both parties to combine their expertise and experience to ensure strategic advantages for each project.

However, detailed agreements regarding each project will be finalised through further negotiations.

The MoU is valid for two years from the effective date and could be terminated early under specific conditions, including mutual agreement or a breach of terms.

Although the MoU itself does not have a material financial impact on Solarvest for the financial year ending March 31, 2025, the proposed collaboration is expected to positively contribute to Solarvest’s future financial performance.

Solarvest directors believe the collaboration is in the best interest of the company. — TMR