(Feb13) : Malaysia’s biggest solar company Solarvest Holdings Bhd (KL:SLVEST) plans to more than double its generation capacity in the next two years, as declining battery costs enables further deployment of renewables. Prices could drop further to US$60 per KWh, he said. A global decline in battery costs is resulting in an acceleration of installations, which help grids integrate intermittent renewables. Battery additions are forecast to grow 33% in 2026 to an all-time high, according to BloombergNEF. Solarvest, co-founded by Chong in 2012, is Malaysia’s first listed solar firm.

Source: The Edge Markets February 12, 2026 23:44 UTC