RM63 Million Orderbook: What Is Driving Malaysia’s Next Rooftop Solar Growth Cycle?

Malaysia’s rooftop solar market continues to gain momentum, with Verdant Solar Holdings Bhd reporting stronger fourth-quarter performance amid rising residential and commercial demand.

For the quarter ended June 30, 2026 (Q4 FY26), the integrated solar PV solutions provider recorded:

RM20.04 million

Quarterly Revenue

The EPCC business accounted for RM19.54 million, representing approximately 97.5% of total revenue.

The company attributed the stronger performance to higher project completions and billings, as well as continued momentum from Malaysia’s Solar Accelerated Transition Action Programme (Solar ATAP) and the newly introduced SuRIA Home rebate initiative.

🏠 SuRIA Home Is Supporting Residential Solar Demand

Residential customer acquisition and sales conversions strengthened during the quarter, partly supported by the government-backed SuRIA Home initiative.

Eligible residential Solar ATAP adopters can receive rebates of up to:

RM3,000 per household

The programme is supported by:

RM150 million

Government allocation

and is expected to benefit approximately:

45,000–50,000 households

This provides an additional demand catalyst for Malaysia’s residential rooftop solar market.

📈 Orderbook Reaches RM63 Million

Perhaps the more important indicator for future growth is Verdant Solar’s outstanding orderbook.

As of June 30, 2026:

RM63 million

Outstanding Orderbook

The orderbook increased by:

RM13.2 million

vs. the previous quarter

The company said the pipeline reflects continued demand across residential and commercial solar, supported by improving customer acquisition, SuRIA Home and growing interest in integrated solar-plus-storage solutions.

🔋 Solar + BESS Is Becoming Part of the Growth Story

Verdant Solar also highlighted increasing demand for integrated solar and energy storage solutions.

As BESS adoption grows under Solar ATAP, the company plans to strengthen its solar-plus-storage offering alongside its traditional EPCC business.

This suggests that Malaysia's rooftop solar market may increasingly evolve from:

Solar PV installation

toward:

Solar PV + BESS + Energy Management

For installers and system providers, this could increase project value while creating additional opportunities beyond conventional rooftop PV.

💰 Financial Position Provides Expansion Capacity

Verdant Solar ended the quarter with:

• RM51.3 million cash and cash equivalents

• Approximately RM0.6 million in bank borrowings

• RM27.1 million in unused IPO proceeds

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The company plans to use available capital for areas including branch expansion, strategic investments and digital infrastructure.

What Does Verdant Solar’s Performance Tell Us About Malaysia?

The more important signal may be beyond Verdant Solar itself.

Three forces are currently converging:

Government incentives → Residential solar adoption → Solar + BESS

Solar ATAP is creating the broader market framework, while SuRIA Home is lowering the upfront cost barrier for households.

At the same time, increasing electricity-cost awareness and demand for energy resilience are creating a stronger commercial case for solar-plus-storage.

With an orderbook already reaching RM63 million, Verdant Solar's performance provides another indication that Malaysia's distributed solar market is moving toward its next stage of growth.