The Johor-Singapore Special Economic Zone (SEZ) is set to catalyze equity valuations in both Malaysia and Singapore. Solarvest is among d brokerage’s SEZ dozen picks listed on Bursa Malayia.
There's no doubt that China is dominating the solar panel industry by offering cheap solar panels, close to 50% cheaper than those US and Euro made panels.
My concern is what if China companies opt to bid for EPCC in Asean countries as well, will they just outbid everyone, including Solarvest?
Grateful if anyone could enlighten on this. Love Solarvest vision btw.
PETALING JAYA (Thursday, 09 May 2024): Packaging manufacturer and property developer Scientex Bhd. will tie-up with Solarvest Holdings Bhd to deploy a 21megawatt peak rooftop solar photovoltaic (PV) system at its facilities nationwide. The solar PV systems will be deployed across 10 key manufacturing plants nationwide and at its headquarters.
Solar Roof Tiles r d future of Eco Homes n friendly to home budget. Solar Roof Tiles r new invention that can help in saving energy n lowering d electricity bill.
The forthcoming Corporate Green Power Programme (CGPP) contract awards are expected to create RM1.4 billion to RM1.6 billion in engineering, procurement, construction and commissioning (EPCC) job opportunities. Good catalyst for RE companies
PETALING JAYA (Tuesday, 18 Jun 2024): Malaysia to aggressively ramp up the capacity for renewable energy particularly solar. UOB Kay Hian (UOBKH) Research, in a report initiating coverage on the RE sector expects a total value of RM5.6bil to RM7bil in engineering, procurement, construction and commissioning (EPCC) contracts to be rolled out. Multiple solar projects with a total capacity allocation of 2,800MW will be awarded through the CGPP and LSS5 schemes in the coming one to two years. This would propel the earnings growth trajectory of solar companies that secured the projects. It's noted that Solarvest Holdings Bhd targeted to grow its recurring income assets to 30% of revenue in the coming years.
Rumors say Kinergy Advancement (KAB) is venturing into solar power, floating solar, battery storage, waste heat recovery, and waste-to-energy projects and is making a major expansion in Kedah ! Can look into it
Apex Securities starts coverage on Solarvest, target price RM1.95 By Surin Murugiah / theedgemalaysia.com 20 Jun 2024, 09:28 am
...'Apex said its bullish stance stems from several key factors: (i) direct proxy to Malaysia’s renewable energy (RE) target under the National Energy Transition Roadmap, (ii) Solarvest's solid track record, having completed 1.2GW of projects, which is the highest among peers, (iii) Solarvest's efforts in building a solar empire to generate diversified revenue streams, (iv) uniqueness of Solarvest's in-house solar financing programme Powervest, which fosters the adoption of solar photovoltaics in the commercial and industrial solar sectors, (v) consistent capture of an average 20% market share of engineering, procurement, construction and commissioning jobs from LSS 1, 2 and 4, (vi) Solarvest's robust tender book, currently standing at 6.1GW (Malaysia 4.0GW and Overseas 2.0GW) and (vii) normalising of solar module prices.'
KUALA LUMPUR: Solarvest Holdings Bhd is anticipating a satisfactory earnings year in the making amid an optimistic outlook on the renewal energy industry in Malaysia.
The clean energy expert said it will progressively recognise its unbilled order book, which stood at RM469mil as at end-July 2024, in the financial years ending March 31, 2025, and 2026.
It added that it is looking forward to capitalising on the "imminent awards" of engineering, procurement, construction and commissioning (EPCC) contracts for corporate green power programme (CGPP) projects.
"Looking beyond CGPP, the two gigawatts fifth large scale solar (LSS5) quota, coupled with the additional 800 megawatts quota allocations under NEM 3.0 and NEDA, presents further avenues to expand the group’s project pipeline.
"Under the Powervest programme, the group has secured a cumulative capacity of 100 MWp from multiple corporate power purchase agreements, which is expected to contribute RM42.7mil annual recurrent revenue to the group upon full completion within the next 12 to 18 months," it said in comments accompanying its results filing with Bursa Malaysia.
In the first quarter of its financial year, Solarvest posted a net profit of RM7.84mil, up from RM6.7mil in the year-ago quarter, which translates to an earnings per share of 1.15 sen against one sen previously.
The group reported revenue of RM72.65mil in 1QFY25 against RM143.39mil in 1QFY24.
EC to announce winning bids for LSS5 in November, says CEO
KUALA LUMPUR: The Energy Commission (EC) will announce the winning bids for the Fifth Large Scale Solar (LSS5) programme in November, says its chief executive officer Datuk Razib Dawood.
“The announcement will be in November. I can’t disclose the details. Just wait,” he told Bernama on the sidelines of Enlit Asia 2024 here yesterday.
In April this year, the Energy Transition and Water Transformation Ministry, through the EC, announced the offer of a solar quota of 2,000 megawatts (MW) through a competitive bidding process under the next phase of the Large Scale Solar (LSS) programme.
The bidding process was for LSS5 or LSS-Energy Transition SuRiA.
LSS5 targets a total capacity of 2,000MWac.
Moreover, the solar power plants under the programme are scheduled to start operating in 2026. –– Bernama
Earlier in a plenary session, Razib said Malaysia would soon reach a solar photovoltaic capacity of 7,000 MW. Bernama
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The Johor-Singapore Special Economic Zone (SEZ) is set to catalyze equity valuations in both Malaysia and Singapore. Solarvest is among d brokerage’s SEZ dozen picks listed on Bursa Malayia.