Verdant Solar

What Verdant Solar does

Verdant Solar is a Malaysia-based solar energy company specializing in the design, installation, and maintenance of solar photovoltaic (PV) systems for residential and commercial/industrial (C&I) customers across Peninsular Malaysia. Founded in 2015, the company has scaled to become the country's largest residential solar provider per the Malaysia Book of Records, with cumulative installations exceeding 8,000 homes as of 2025. It operates under the holding entity Verdant Solar Holdings Berhad, which completed an IPO on Bursa Malaysia in September 2025, with the operating subsidiary being Verdant Solar Sdn. Bhd. The CEO is Zeth Lim.

The company's technology stack comprises tier-1 solar PV hardware from JA Solar panels and Solis inverters, integrated with Fox ESS battery storage systems (with Sigenergy as a secondary BESS supplier). A proprietary mobile application, the Verdant Home App, provides real-time system performance monitoring. Verdant has also pioneered what it claims is Malaysia's first integrated solar and insurance product through a partnership with Tune Protect, embedding coverage for accidental damage and lost electricity savings into residential installations. The company actively participates in Malaysia's Solar ATAP programme, NEM (Net Energy Metering) quotas, and the SolaRIS rebate scheme.

The business model is primarily project-based, with revenue generated through one-time sales and installation of solar PV systems (RM17,000-RM50,000 per residential system), EPCC contracts for commercial clients (Q3 FY2026: RM8.56M segment revenue against an RM49.8M orderbook), BESS subscriptions and hardware sales, and maintenance/O&M services. Verdant operates a hybrid go-to-market motion: direct-to-consumer in-house sales for residential (with free on-site assessments) and consultative field sales for commercial clients. A customer referral programme (Refer2Earn) and Corporate Partnership Programme diversify acquisition. Geographic operations span Peninsular Malaysia, with offices in Petaling Jaya (HQ), Bukit Mertajam (Penang), and Johor Bahru (Johor); Sabah, Sarawak, and remote islands are explicitly excluded from the service area.

Name

Verdant Solar

Legal name

Verdant Solar Holdings Berhad

Website

https://verdantsolar.my

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Verdant Solar is a Malaysia-based solar energy company installing residential and commercial/industrial solar PV systems, battery storage, and maintenance services across Peninsular Malaysia, with over 8,000 homes powered and a Bursa Malaysia IPO completed in 2025.

Ownership category

akta.pro rank

Product category

Solar PV Installation Services

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Solar Roofing & Roof-Mounted PV Systems (IMADAFAO), Solar Balance-of-Plant EPC (Piles/Foundations, Trenching, Combiner Networks) (EUAEADAJ)

Keywords

• Residential solar installation
• Commercial solar systems
• Battery energy storage
• Solar panel maintenance
• Rooftop solar Malaysia

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Solar PV System Sales & Installation: One-time sale and installation of solar photovoltaic systems for residential and commercial properties. Customers can pay via cash, bank loan, or 0% interest instalments. Revenue is generated from system sales, with typical system costs ranging from RM17,000 to RM50,000 depending on size and capacity.
2. Engineering, Procurement, Construction & Commissioning (EPCC): Verdant Solar Holdings Berhad generates revenue through EPCC contracts for solar projects, reporting RM8.56 million in revenue from this segment in Q3 FY2026 ending March 31, 2026. The company holds an orderbook of approximately RM49.8 million.
3. Battery Energy Storage System (BESS) Sales: Sale of Fox ESS battery storage systems with financing options starting from RM500/month at 0% interest up to 60 months. Batteries enable 24/7 energy usage by storing excess solar generated during the day for night-time consumption.
4. Maintenance & O&M Services: Ongoing operation and maintenance services for installed solar systems, including panel washing, wiring checks, and performance evaluations. Can be offered as part of referral reward alternatives (Free O&M service) or sold separately.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels10 records

Core offering

Verdant Solar designs, sells, and installs solar photovoltaic (PV) systems for residential and commercial/industrial customers in Malaysia, including Battery Energy Storage Systems (BESS) using Fox ESS technology. The company also provides ongoing maintenance services, system monitoring via its Verdant Home App, and an integrated solar-insurance package through a partnership with Tune Protect. Its services are delivered through in-house direct sales and installation teams across Peninsular Malaysia.

Product overview

Verdant Solar is a Malaysia-based solar energy company offering a comprehensive residential and commercial solar installation portfolio. The core offering comprises Solar PV systems for Residential, ATAP Solar Malaysia (under the national Solar Accelerated Transition Action Programme), and Solar PV for Commercial & Industrial sectors. Add-on modules include Battery Energy Storage Systems (BESS) using Fox ESS technology, maintenance services, the Verdant Home App for system monitoring, and the Refer2Earn customer referral program. The company also provides partnership and internship programs. The product architecture follows a solar installation service model with supplementary digital tools (mobile app, referral portal) and complementary services (insurance integration, maintenance).

Differentiator

Problem solved

Functional benefit

Products and services

• Solar PV for Residential Rooftop solar panel installation service enabling Malaysian homeowners with landed properties to generate their own electricity, reduce TNB bills by up to 90%, and participate in Malaysia's Net Energy Metering (NEM) program. Systems typically cost RM17,000 to RM50,000.
• Solar PV for Commercial & Industrial Customised solar solutions for businesses of all sizes, including commercial establishments, industrial facilities, hospitals, and retail operations, delivered through EPCC contracts to reduce energy costs and carbon footprint. Installations range from 20kWp to over 100kWp.
• ATAP Solar Malaysia Solar installation service under Malaysia's Solar Accelerated Transition Action Programme (ATAP), offering integrated Battery Energy Storage Systems for residential homeowners participating in the government-backed initiative.
• Battery Energy Storage System (BESS) Fox ESS battery storage system that stores solar energy for nighttime use or grid outages, featuring 0% interest payment plans up to 60 months, 10-year product warranty, IP65 rating, 90% depth of discharge, and smart app monitoring. Integrated with solar PV systems to maximize energy savings and provide backup power.
• Solar Maintenance Services Solar panel maintenance services including panel washing, wiring inspection, and overall system performance checks. Customers receive up to two free maintenance visits within four years, and ongoing O&M services can be purchased separately.
• Integrated Solar and Insurance Package Bundled insurance protection for residential rooftop solar installations through Tune Protect partnership, covering accidental loss or damage from storms and fire, plus lost electricity savings caused by system downtime. Claimed as Malaysia's first integrated solar and protection model.

Quantifiable outcome

• Up to 90% electricity bill reduction (e.g., RM548 to RM34/month for residential customers)
• +5 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Tune Protect Malaysia Berhad (Tune Insurance)coreStrategic or Co-development Partner · 12 March 2026Verdant Solar partnered with Tune Protect Malaysia to embed insurance protection into residential rooftop solar installations, creating what the companies claim is Malaysia's first integrated solar and protection model. The package covers accidental loss or damage from events such as storms and fire, as well as lost electricity savings caused by system downtime. The launch supports Malaysia's energy transition goals including Solar ATAP and the country's 70% renewable energy target by 2050. Verdant Solar also reports holding an orderbook of approximately RM49.8 million and offers combined solar and insurance packages to customers.
• Fox ESScoreTechnology or IntegrationFox ESS is the battery storage system supplier for Verdant Solar's BESS (Battery Energy Storage System) offerings. Fox ESS batteries are HTW Berlin A-Class Rated (2025), Tier 1 BNEF for battery storage, Top PV Brand in Europe & Portugal, and ranked No.2 in global residential battery shipments. The battery includes a 10-year product warranty and 2-year workmanship warranty, 90% depth of discharge, IP65 dust and water resistance, built-in surge protection, and smart app integration.
• JA SolarcoreTechnology or IntegrationJA Solar is one of Verdant Solar's key technology partners, identified as one of the Top 10 recommended solar panel manufacturers for 2024. Verdant Solar uses JA Solar panels as part of its solar PV systems to ensure reliable performance and durability.
• Solis (Ginlong Technologies)coreTechnology or IntegrationSolis is the official inverter partner for Verdant Solar, recognised by EUPD Research for nine consecutive years as a Top Brand PV Inverter globally. Solis inverters include monitoring systems with app-based performance tracking and multiple safety features (over-current protection, over-voltage protection, surge protection, and lightning protection).
• APE MalaysiaminorStrategic or Co-development PartnerCollaboration with APE Malaysia on tree-planting initiative. Verdant Solar planted 750 trees in partnership with APE Malaysia and is on track to reach 1,000 trees within six months. Diverse native species including Durian, Fig, Pulai, Simpoh Laki, and Sengkuang were planted to enhance the Malaysian ecosystem, support wildlife habitats, and contribute to carbon sequestration.
• TRCRC (The Rimba Consortium Rehabilitation Coalition)minorStrategic or Co-development PartnerVerdant Solar collaborated with TRCRC to plant 120 trees among 500 total trees planted, with key species including Pelong, Jelawai, Meawan, Meranti Teman Nipis, and Merbau. This initiative combined environmental impact with team-building and reinforced Verdant Solar's commitment to sustainability.
• INTI International University & CollegesminorStrategic or Co-development PartnerPartnership with INTI University for multiple CSR initiatives: tree planting (100 trees in Kuala Selangor with Jabatan Perhutanan Negeri Selangor), UCO-to-Biofuel conversion project for charity, and empowering underprivileged communities through social media initiatives. Collaboration also included 42 B40 community members receiving solar energy training under the PJUP TVET Programme.
• TM Enviro Industries Sdn. Bhd.minorStrategic or Co-development PartnerOfficial recycling partner for Verdant Solar's e-waste management collaboration with Asia Pacific University (APU). The partnership collected 89.35 kg of e-waste with 140 APU students participating. TM Enviro Industries provided critical support in responsibly recycling the collected e-waste.
• APU (Asia Pacific University of Technology and Innovation)minorStrategic or Co-development PartnerPartnership with APU for e-waste management initiative. 140 APU students participated in the campaign, which included an insightful talk on the environmental impact of electronic waste and practical solutions for proper e-waste disposal. The initiative collected 89.35 kg of e-waste.
• Jabatan Perhutanan Negeri Selangor (JPNS)minorOthersVerdant Solar partnered with JPNS for the tree-planting event in Kuala Selangor with INTI University students. JPNS facilitated access to forest land for planting 100 trees in a region known for its rich biodiversity and crucial ecosystems.
• PJUP (Petaling Jaya Up) TVET ProgrammeminorOthersVerdant Solar partnered with the PJUP TVET Programme to provide solar energy training and practical experience to individuals from the B40 community. Over several weeks, participants received theory classes, training days covering maintenance and troubleshooting, practical site installation experience, and examination. Two trainees transitioned to roles as Verdant Solar installers, and 42 underprivileged individuals directly benefited.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• SunPower Corporation: Established US-based residential solar installer and panel manufacturer. Comparable to Verdant in residential rooftop solar positioning and integrated solar-plus-storage offerings, though operating at significantly larger scale in North America.
• Sungrow: Global leader in solar inverters and energy storage systems, competing with Verdant's Solis and Fox ESS suppliers. Broad incumbent in the solar PV technology ecosystem relevant to Verdant's installer business.
• Enphase Energy: Global leader in solar microinverters and home energy systems including battery storage. Relevant comparable for Verdant's residential solar-plus-storage offering, though Enphase operates at far greater scale and internationally.
• JinkoSolar: One of the world's largest solar PV panel manufacturers with global presence. While not a direct installer competitor, JinkoSolar is a broad incumbent supplying panels across the Malaysian solar value chain that Verdant operates in.

Direct peers

• Samaiden Group Berhad: Malaysian solar EPCC and renewable energy company listed on Bursa Malaysia, providing solar PV solutions to commercial, industrial, and residential customers. Comparable EPCC business model and Malaysian market focus.
• ERS Energy Berhad: Malaysian solar PV system installer and EPC contractor with both residential and commercial exposure. Competes directly with Verdant in the Peninsular Malaysia rooftop solar market.
• Cypark Resources Berhad: Malaysian renewable energy company with solar EPC and power generation operations, listed on Bursa Malaysia. Comparable in providing solar PV solutions to commercial and industrial clients and competing for Malaysian solar project pipelines.
• Sunview Group Berhad: Bursa Malaysia-listed solar PV EPC and IPP company serving Malaysian commercial and industrial customers. Direct competitor in Malaysian solar installation market with similar EPCC business model and orderbook-driven revenue structure.
• Solarvest Holdings Berhad: Bursa Malaysia-listed Malaysian solar PV EPC contractor serving residential, commercial, and industrial customers. Closest direct competitor to Verdant Solar in the Malaysian rooftop solar installation market with overlapping product offerings and customer segments.
• Plus Xnergy Holdings: Malaysian solar PV and renewable energy solutions provider offering residential, commercial, and industrial solar installations. Direct competitor in the same geographic and customer market as Verdant Solar.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/verdantsolar
• LinkedInlinkedin.com/company/verdantsolar
• Instagraminstagram.com/verdantsolarmy

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verdant Solar