Northern Solar Holdings Bhd plans to expand its presence in Malaysia's growing solar energy sector by establishing branches in Penang and Johor Bahru within the next 12 months. The company, a leading rooftop solar player, is targeting a 20% growth in this segment and actively pursuing contracts from its existing tender book of 380 projects. Northern Solar is also considering participation in the Large Scale Solar 5 (LSS 5) programme, a strategic opportunity with an estimated project value of US$15 billion to US$20 billion over the next three years.
Northern Solar Holdings Bhd is setting its sights on expansion following its listing on the ACE Market of Bursa Malaysia, with plans to establish branches in Penang and Johor Bahru.
Lew said Northern Solar ranks among Malaysia’s top 10 rooftop solar players, though precise market share data is limited due to policy-driven regulations. Lew noted that China’s oversupply of solar modules has lowered material costs, benefiting Northern Solar’s procurement strategy. “The US import tariff hike on Chinese solar panels does not affect the company, as it sources directly from China,” he said.
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