One buys into a counter should know its worth and not swayed by others comments or recommendations. You are not forced to buy as the money are all yours. Be responsible for ones own actions and do not blame others when the tide turns against you as rewards/profits or risks are yours to take......kakaka
KUALA LUMPUR: The Energy, Green Technology and Water Ministry (KeTTHA) will be calling for a request for proposal (RFP) to develop 250-megawatt (MW) capacity generation from utility-scale solar power plants this year, according to its secretary-general Datuk Loo Took Gee.
“We will be issuing an RFP for 250MW solar power plants this year and the capacity of these plants should come on stream from 2018 onwards.
“We have approved two utility-scale solar projects to fast track the renewable energy generation and they must deliver by 2017,” she said at launch of the 4th Asean Energy Outlook by the Asean Centre for Energy (ACE) yesterday.
Loo, however, did not disclose when the Government would issue the RFP, but said the process could take up about six months.
The Government has so far awarded 200MW in generation capacity from utility scale solar power plants on a fast-track basis.
“We have agreed to scale up electricity generation from renewable energy (RE) and agreed to launch two fast track project to be deliverable in 2017,” Loo said, adding that the country was still far from achieving its RE target.
She said the Government would continue to take proactive measures to increase the generation of energy from renewable sources.
Loo said a 50MW solar plant had been awarded to 1Malaysia Development Bhd (1MDB) while the remaining 150MW was awarded to a “consortium that is financially and technically strong” without disclosing the name.
In April 2014, 1Malaysia Development Bhd (1MDB) announced that it has signed a 25-year power-purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) to buy power to be generated by 1MDB Solar Sdn Bhd’s solar photovoltaic (solar PV) plant in Kedah.
On the rates for the RFP to be called, Loo said: “We want the best price. We want to tap the best value.”
Apart from utility-scale solar facility, Loo said the Government had also approved Net Energy Metering (NEM) mechanism.
NEM allowed consumers to install solar photovoltaic panels on the rooftop of premises and they can net off their electricity bills in generating more electricity during daylight hours.
Meanwhile, the 4th Asean Energy Outlook is a publication that provides comprehensive information and analysis on the main energy indicators of the 10 Asean Member States.
It provides an assessment of the region’s energy landscape by 2035 under two scenarios - business as usual (BaU) scenario and the advancing policy scenario (APS).
Tesla dangles US$2.8B to bring SolarCity into its orbit
Publish date: Wed, 22 Jun 2016, 09:39 AM
SAN FRANCISCO: Electric car maker Tesla Motors wants to buy solar panel maker SolarCity for up to US$2.8 billion in an attempt to create a one-stop shop for cleaner energy as consumers become more concerned about fossil fuels harming the environment.
The all-stock bid announced Tuesday values SolarCity Corp. at US$26.50 to US$28.50 per share, depending on a review of the company's books.
SolarCity's stock surged US$3.31, or 16 percent, to US$24.50 in after-hours trading following the announcement of the deal.
Tesla's shares sank US$24.86, or 11 percent, to US$194.75, signaling that many investors don't like the idea of the company relinquishing 8 to 9 percent of its current market value of US$32 billion to expand into the solar energy industry.
Both of the companies, located about 17 miles apart in Silicon Valley, are burning through cash as they try to expand in still relatively small markets. Tesla has lost US$1.2 billion in the past two years alone while SolarCity has suffered losses exceeding US$1.1 billion during the same span.
Yet both have fared well in the stock market, particularly Tesla. That's largely because its CEO, Elon Musk, has been widely viewed as a visionary since he co-founded online payment service PayPal.
Now, the 44-year-old Musk is trying to bring two of his progeny together. He is chairman of both companies and the largest individual shareholder in each, with a 26 percent stake in Tesla and a 22 percent stake in SolarCity. The solar panel company's CEO, Lyndon Rive, is Musk's cousin.
Tesla is pursuing SolarCity 14 months after introducing a battery system that stores solar energy in homes and businesses trying to minimize their dependence on the power grids run by utilities. The battery, called "Powerwall," marked Tesla's first product outside the sleek and expensive electric vehicles that the Palo Alto, California, company has been making since 2008.
Musk said in a Tuesday conference call that he believes both Tesla and SolarCity will be better off if their products are united under one roof and a common brand.
If the deal goes through, SolarCity will adopt Tesla's name and sell its solar panels alongside power-storing batteries, Musk said. He reasons many of the people who want to drive electric vehicles will have an inherent interest in setting up cleaner energy systems in their homes and offices.
Although he said he didn't know for certain, Musk estimated about only about one-fourth of Tesla owners currently have solar energy panels.
If Tesla and SolarCity are combined, Musk envisions a more efficient operation that dispatches just one team to install solar panels, electric car chargers and energy-storing batteries in a single visit.
In an effort to avoid questions about conflicting interests, Musk and Antonio Gracias, another Tesla director who also sits on SolarCity's board, are both recusing themselves from the vote on whether to sell. In a letter to SolarCity's board, Tesla also said it is willing to make the deal approval contingent on a majority of "disinterested" shareholders, which would leave Musk on the sidelines.
The sell-off in Tesla's stock after the takeover bid was announced cost Musk about US$925 million on paper, exceeding the US$325 million gain in the value of his SolarCity holdings.
Nonetheless, he expressed confidence that Tesla will end up owning SolarCity.
"This is something that should happen," he said. "It's a no-brainer." -- AP
Taiwanese firm sees Malaysia as pioneer in solar panel industry
By Bernama - 20 June 2016 @ 11:43 AM NEW YORK: A Taiwanese solar panel company recognises Malaysia’s pioneering work in the solar panel sector and has expressed an interest to enter into cooperation with a reliable Malaysian partner. Motech Industries Inc, which is located in Tainan City, started in 1981 as a testing and measurement instruments designer and manufacturer but evolved into a full-service global solar company. The company has its own research and development operations as well as manufacturing facilities for solar products and services, ranging from photovoltaic (PV), silicon wafers, PV cells and PV modules to PV power systems. The company, which had an annual revenue of US$756 million in 2015 and claims to be the largest merchant PV cells manufacturer in the world with a 3.3 Gigawatt (GW) production capacity, has maintained commercial ties with Malaysian producers of solar panels even though Malaysians do not make solar cells needed for the solar panel end product. “Malaysia is a strong and emerging site for international companies dealing in solar panels, produces some of the components in solar panels, and also has a small production facility for solar cells. “Malaysia imports solar cells from Taiwan and China which are the largest producers of solar cells. Demand for solar panels is much higher. Aluminium frames and glass are also needed, some of which can be sourced in Malaysia itself. “In Malaysia, solar panels are mostly assembled though the country is also gradually moving towards manufacturing the full product. “But Malaysia, thanks to its early involvement in the solar panel business, has become an important partner in the solar supply and value chain,” Peng Heng Chang, Motech’s chairman and CEO, said in an interview with Bernama on Friday in New York. Chang said his company’s major markets are the United States, China, Japan, Europe, India and Southeast Asia. “Southeast Asian markets, particularly Indonesia and Malaysia, are promising for us. The regional demand is increasing. We have no collaboration yet with a Malaysian partner, but we are open to looking into any form of cooperation with a local (Malaysian) company. “We already have a collaboration with an Indonesian partner, and would also consider collaboration with a Malaysian partner. There are two other big Taiwanese companies that have formed joint ventures in Malaysia with Malaysian partners.
“Yes, we would also be interested in collaborating with a Malaysian company, but we are keen to find a good and reliable partner,” Chang said. Chang said global supply of solar panels amounts to 90GW with demand at about 70GW. “However, many of the solar panel plants are old and need to be upgraded and modernised, and will have to be replaced, thus generating further demand,” Chang said. He said Western suppliers have their strengths in supplying equipment needed for the manufacture of these products while Southeast Asia, including Malaysia, has a better qualified and cost-effective labour force. “I see demand in Malaysia and Indonesia for solar cells is growing. Solar panels have become attractive, particularly for the smaller islands in Malaysia and Indonesia. “Solar panels are suitable for the islands because of their detached location from each other,” he noted. The solar panel industry in Malaysia, Chang said, is characterised by the pioneering prowess displayed by Malaysian companies which work closely with the country’s research institutions. “In particular, the innovation and technological level in Malaysia is high, even though Malaysia’s focus so far has been on assembly. However, this is changing and Malaysia is making its own solar cells for the panels. “The synergies emerging from cooperation between Taiwanese and Malaysian companies can be very beneficial to both sides, given Malaysia’s strong base in electronics and semi-conductors, and Taiwan’s abundant availability of qualified industry experts. “This combination can build up a strong base for partnership in the solar panel business,” Chang said. Chang is part of a visiting Taiwan business and trade delegation led by Kuo-Hsin Liang, the chairman of Taiwan External Trade Development Council, the island republic’s trade promotion agency. The delegation, which is also visiting Washington, DC to participate in the Investment Summit being organised by the US Commerce Department, includes heavyweight corporate players such as AAEON Technology, Aerospace Industrial Development Corp, Fair Friend Group, Formosa Plastics Group, Formostar Garment Co, KENDA Rubber Industrial Co, Kinpo Electronics Inc and TEX-RAY Industrial Co. The delegation also includes high-ranking officials representing the Bureau of Foreign Trade in Taiwan’s Ministry of Economic Affairs. --
V-Solar teams up with Eastasia Posted on 22 April 2015 - 05:36am sunbiz@thesundaily.com
PETALING JAYA: VSolar Group Bhd (VSolar), a Bursa Malaysia-listed company, has entered into a collaboration agreement (CA) with the Eastasia Group Co Ltd (Eastasia) of Japan to provide engineering, procurement and construction (EPC) solutions. Capitalising on Eastasia's knowledge in large commercial solar development, VSolar has been licensed by the Japanese group to use its intellectual property and expertise for the development of solar farms using EPC design methodology. Eastasia is a leader in solar power plant construction, solar power generation materials, dismantling, electrical work, general construction and civil engineering industry. This collaboration will expand the business offering and capabilities of VSolar in the renewable energy sector to include EPC, making VSolar a one-stop solution provider of solar technology in the country. VSolar intends to utilise the EPC Solutions offered by Eastasia for its own solar facilities and expand into third-party installations. "With this Japanese technology VSolar would be able to provide the latest upgraded solar system, which is more efficient compared with those old generation systems offered by their competitors. VSolar strongly believes this partnership will generate substantial profit for the group in coming financial years," VSolar executive chairman Datuk Manan said in a statement yesterday. "The collaboration between VSolar and Eastasia, will expand VSolar's reach closer as a one stop solution provider in the country's renewable energy sector," he added.
First-Of-Its-Kind Solar Farms To Be Developed In Malaysia Details Published on Tuesday, 14 June 2016 12:40 .
Universiti Teknologi Malaysia will spearhead a groundbreaking research and development of solar and photo voltaic technology with the help of industry partner VSolar Group Berhad. VSolar Group Berhad has just signed a Memorandum of Understanding (MoU) with Universiti Teknologi Malaysia to conduct Research and Development (R&D) and commercialisation programmes at the university. Datuk Manan Bin Md. Said, Executive Chairman and Mr. Leung Kok Keong, Executive Director of VSolar Group Berhad, and Prof. Dr. Ahmad Fauzi bin Ismail, Deputy Vice Chancellor, Research and Innovation of UTM were present at the MoU signing on 8 June. “This partnership is unique in that VSolar, a private sector commercial entity will actively collaborate with a local, illustrious, institution of higher learning and enable it to generate revenues as well as provide a platform for its R&D efforts,” Leung Kok Keung said. Leung added that that Malaysia is perfect for the development and advancement of solar farms, and in line with the vision to reduce dependence on non-renewable energy sources. “We believe that the country is perfect for the development and advancement of solar farms. “In line with our leaders’ vision to reduce dependence on non-renewable energy sources, VSolar Group Berhad will, through this Private-Public Partnership with Universiti Teknologi Malaysia look at the potential of new commercialization projects and first-of-its-kind solar farms on site that will enable VSolar to increase its energy generation capacity and improve its revenue stream,” he added. VSolar Group Berhad will be looking into conducting extensive research and development of solar and photo voltaic technologies with the primary intention of commercialising these technologies for the future. It also has the intention to expand in the future by tapping into the potential of these technologies to create a Renewable Energy Initiative and reaching out to the relevant bodies and authorities
VSOLAR - Solar Synergy Malaysia is on the track in seeking to intensify the development of renewable energy which was set of since 2011 as to reduce the carbon income of the country through renewable energy such as Solar Photovoltaic (PV), Biomass / Biogas and Hydro Power Electricity. Which this in line, the government had been reinforced by fiscal incentives such as investment tax allowances and the SREP (Small Renewable Energy Program) which encourages the connection of small renewable energy power generation plants to the national grid. With this in line, on 6th January 2014, VSOLAR (formerly known as Fastrack Solution) had restructure the company direction and core business direction towards the renewable energy sector, with a focus in the solar farming industry.
VSOLAR - Power of Solar Solar Interactive Sdn Bhd, a wholly owned subsidiary of VSOLAR, had on 1st August 2013 entered into a Renewable Energy Power Purchase Agreement (REPPA) with TNB for the sale and delivery of renewable energy by for a concession of 21 years. For a start, VSOLAR had started a 500kW solar farm in the region of Simpang Pulai, Kinta, Perak with a Feed-In Tariff (FIT) rate of RM 1.3812 /kWh, commenced 3rd November 2013. The renewable energy sector had been a hot topic recently, which had saw a number of listed company that had direct business relation in the sector being getting much public interest. Let's have a quick look at the following company which is on a hot stint in renewable energy.
Next Up Coming Catalyst VSOLAR had saw a 10% private placement from Asia Bioenergy Tech Berhad (AsiaBio - 0150) recently. While under the SREP plan, the maximum allowable limit for an individual company is 10MW, which means Solar Interactive Sdn Bhd still have a capacity of 9.5 MW in the coming days to be installed. According to sources, VSOLAR had been planning their phase 2 of solar farm which will be looking to see approximately 3 to 5 MW plant being set up. VSOLAR will be the next big thing after CYPARK after realigning their business focus into solar energy farming. At the current market capitalization of RM 50 million, VSOLAR is just putting it's 1st step into the industry. A 10 MW solar farm will be able to generate a recurring income of around RM 11 to 12 million per year. With the new direction in VSOLAR, we believe that VSOLAR will be the next big player in solar farming in the coming days ahead.
ABOUT SOLAR -Sunlight travels to the earth in approximately 8 minutes, from 93 million miles away, at 186,282 miles per second. -The sun is the most inexhaustible, renewable source of energy known to our civilization. -In one hour, more sunlight falls on the earth than what is used by the entire population in one year. -Clouds, pollution and wind can prevent the sun’s rays from reaching the earth.
SOLOR PLANT Solar plant is based on the conversion of sunlight into electricity, either directly using photovoltaics (PV), or indirectly using concentrated solar power (CSP). Concentrated solar power systems use lenses or mirrors and tracking systems to focus a large area of sunlight into a small beam. Photovoltaics converts light into electric current using the photoelectric effect.For both project in Solar Interactive Sdn Bhd, we are using photovoltaics method to absorb the direct sunlight and converts into electric.
How does it work? As light hits the solar panels, the solar radiation is converted into direct current electricity (DC). The direct current flows from the panels and is converted into alternating current (AC) used by local electric utilities. Finally, the electricity travels through transformers, and the voltage is boosted for delivery onto the transmission lines so local electric utilities can distribute the electricity to homes and businesses.
Corporate Profile PROJECT 1 Installed Capacity : 498 Kilowatt (0.498MW) Solar Film Technology : Crystalline Project Owner : Solar Interactive Sdn Bhd Plant Developer : Solar Interactive Sdn Bhd Power Purchase : Tenaga Nasional Berhad Facility Size : Approximately 1.5 acres Location : Lot 312366, Keramat Putra, Simpang Pulai, Perak
Compared with the share price with other counter ( which involved into the renewable energy) The price for V-Solar is more cheap.. Buy when the V-Solar is at "baby" stage, this baby will growth to become big giant.
The solar already start operate. So the company profit will increasing. Very soon v solar will turn to profitable company. From latest qr report the loss amount is getting lower. Profit from solar energy will coming
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kellysgk
268 posts
Posted by kellysgk > 2016-06-20 16:35 | Report Abuse
One day drop 1cent. After 9 days will become 0.01cent. Be patient