KUALA LUMPUR, 13 November 2025 – Alliance Bank Malaysia (Alliance Bank) is partnering with smart solar solutions provider AQ Energy to develop solar and battery solutions for SMEs, supporting Malaysia’s transition towards sustainable energy solutions.
The partnership, which was formalised by Hatim Salleh, CEO of AQ Energy, and Roy Heong, Chief Sustainability Officer of Alliance Bank, aims to accelerate the take-up of solar and battery energy storage systems (BESS). The signing of the agreement was witnessed by MGTC Board Members YBhg. Dato’ Leong Kin Mun and YBrs. Tuan Haji Ismail bin Mohd Amin.
Both parties will work together to develop, implement, and finance integrated solar and BESS projects of 30MW maximum in capacity, with a total value of RM100 million.
The deal includes ESG-aligned advisory, project identification, and capacity-building initiatives to encourage renewable energy solutions. SMEs, particularly those from industries with high energy consumption, will benefit from this.
Hatim Salleh, CEO of AQ Energy, shared, “We are delighted to work with Alliance Bank to improve the accessibility of Solar PV and Battery solutions to our residential, commercial and industrial customers. With this collaboration, it enables our customers to adopt technologies to improve cost efficiencies whilst supporting the National Energy Transition Roadmap (NETR)’s objective of achieving 70% renewable energy mix by 2050.”
Alliance Bank has long positioned sustainability at the core of its business purpose by helping business owners adopt environmental, social and governance (ESG) practices that create value for their business, communities, and the environment.
Alliance Bank’s Chief Sustainability Officer, Roy Heong said, “This collaboration is part of our broader Sustainability Impact Programme (SIP), which supports clients in their transition journey through financing and beyond banking solutions.”
He added, “By working with AQ Energy, we can offer clients not only the capital but also the technical expertise needed to implement impactful renewable energy projects.”
This collaboration reinforces Alliance Bank’s growing influence in Malaysia’s sustainable finance ecosystem, combining its green financing options with AQ Energy’s technical knowledge in delivering accessible, high-quality, and sustainable solar solutions.
By targeting SMEs, a segment often constrained by cost and technical barriers, the partnership bridges a critical gap in Malaysia’s renewable transition. It reflects the wider industry shift towards accessible, integrated sustainability solutions that not only cut down carbon footprints but also improve business competitiveness and energy resilience for SMEs.
Source: Alliance Bank
