Sunview has 9 ongoing LSS projects with an aggregated installation capacity of 234 megawatt alternating current, and a total contract value of RM873.9mil, mostly to be recognized in financial year 2024 (FY24) and FY25.
The Board of Directors of Sunview (“Board”) wishes to announce the following:-
(a) Fabulous Sunview Sdn. Bhd. (“Fabulous Sunview”), a wholly-owned subsidiary of the Company in collaboration with JAKS Solar Power Sdn. Bhd. and Ann Joo Green Energy Sdn. Bhd. has been selected in a competitive bidding exercise under CGPP conducted by the Energy Commission (“EC”) for the development of 29.99 megawatt (“MWac") solar power plant; and
(b) Solarcity REIT Sdn. Bhd. (“Solarcity REIT”), an indirect wholly-owned subsidiary of the Company has been selected in a competitive bidding exercise under CGPP conducted by the EC for the development of 29.99 MWac solar power plant,
(collectively the development of 29.99 MWac as stated in (a) and (b) referred to as “the Projects”).
Please refer to the attachment for further details of the Projects.
The Company will make the appropriate announcement on any new development to the Projects, if any.
🦅 The global power generation trend focuses on environmental protection and cost, so renewable energy is imperative, and traditional power generation will gradually be eliminated. Will Malaysia take this opportunity to develop solar energy and become a leader in Southeast Asian countries, and gradually replace it with renewable energy power generation? It is worth our continued attention and follow up 💪🏻
Compare to Slvest qr, Slvest perform better. Sunview June vs March qr, perform badly interm of net profit. This means the share will be perform badly the next few days.
Renewable energy player Sunview Group Bhd has planned a private placement to raise an estimated RM39.31 million to fund its engineering, procurement, construction and commissioning projects. The placement entails the issuance of up to 46.8 million new shares — representing 10% of Sunview’s issued shares — to independent investors at an issue price to be determined. The group said the assumed price of 84 sen represents a discount of 9.87% to the five-day volume weighted average market price of Sunview’s shares up to the latest practicable date of 93.20 sen. THE EDGE
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OppenHermes
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Posted by OppenHermes > 2023-08-02 14:38 | Report Abuse
Sunview has 9 ongoing LSS projects with an aggregated installation capacity of 234 megawatt alternating current, and a total contract value of RM873.9mil, mostly to be recognized in financial year 2024 (FY24) and FY25.