BayWa r.e., a leading global renewable energy solutions provider, has announced the expansion of its Solar Distribution business into Malaysia at the International Greentech & Eco Products Exhibition & Conference Malaysia 2022 (iGEM 2022).
This will enable further growth of renewable energy in the country, in line with BayWa r.e’s own goal to make solar energy more readily available throughout Southeast Asia.
BayWa r.e.’s Solar Distribution business provides top-tier and high-quality solar components such as PV modules, mounting systems, energy storage solutions, and monitoring management systems supporting the growth of various solar players.
Mr Niranpal Singh, Managing Director, BayWa r.e. Malaysia says, “BayWa r.e.’s Solar Distribution business is integral to the growth of the residential, commercial, industrial, and utility solar segments. This business is a cog in the wheel of facilitating the mission of making renewable energy accessible for customers and society.
Solar Market in Malaysia
“As we expand our footprint into Malaysia, we are looking to make high-quality solar equipment more accessible to the Malaysian market, while expanding and upgrading market requirements. Our goal is to reach homeowners and companies in every corner of Malaysia, to reduce their energy bills and encourage the public to explore a carbon-free energy solution.”
BayWa r.e.’s customers will also have access to BayWa r.e’s expert help, support, and advice, garnered from more than 25 years of experience in the solar market.
BayWa r.e.’s Solar Distribution business expansion in Malaysia comes in the wake of the 2021 announcement by the Malaysian Investment Development Authority (MIDA), of its plans to increase the share of renewable energy in installed capacity to 31% in 2025 and 40% in 2035. BayWa r.e.’s Solar Distribution business launch ties in with this goal, providing top-tier solar equipment and global expertise and capabilities to the masses in Malaysia.
Commenting on the launch, Mr Junrhey Castro, Managing Director of BayWa r.e. Solar Systems Corporation says, “Within the APAC region, the BayWa r.e. Solar Distribution business spans across Thailand, Australia, the Philippines, Vietnam, and now, Malaysia. We are a one-stop shop, offering end-to-end solar equipment solutions, fully operational with logistics and supply chain management, and stocked warehouses.
“Our global footprint is unique to this region, with combined expertise from 20 countries and more than 1,000 employees servicing over 15,000 customers across Europe, America, Asia, and Oceania. We further plan to expand to other countries to serve more customers, enabling them to make a change for a sustainable future”.
BayWa r.e. has been helping accelerate the growth of Malaysia’s renewable energy goals since 2016, when it successfully sold two solar farms in Malaysia to a local renewable energy-focused independent power producer, reNIKOLA Sdn Bhd. The first project is a 5.2 MWp development at Arau located on the university campus in Perlis, while the second project is the 39 MWp Gebeng solar park in Pahang.
In the APAC region, BayWa r.e. was named the “Solar Company of the Year” at SolarQuarter’s Annual Philippines Solar Week for two years running in 2021 and 2022. The company also recently closed the sale of a floating photovoltaic farm in Thailand. Globally, BayWa r.e. announced the opening of the Pinos Puente (Illora) PV park near Granada in Southern Spain.