• LONGi Green Energy invested RMB 2.8 billion to inaugurate its first photovoltaic manufacturing base in Peninsular Malaysia, underscoring its unwavering pledge to deliver sustainable energy products and solutions to the global market. • The Serendah Module Plant, a hallmark of LONGi Green Energy in Malaysia, will be developed in two phases. With an initial […]
Solarvest aims to shine brighter in solar energy biz – EQ Mag Pro
KUALA LUMPUR: Solarvest Holdings Bhd is planning further diversification in the solar energy business as the clean energy specialist seeks to grow in the midst of prolonged uncertainty. Its group chief executive officer Davis Chong said this includes moving more aggressively into solar energy investments that Solarvest is working on as well as leveraging Powervest, […]
RHB maintains ‘overweight’ call on power sector; expects more solar EPCC contract flow – EQ Mag Pro
KUALA LUMPUR : RHB Investment Bank Bhd has maintained its “overweight” rating on the utilities sector as it expects electricity demand to register growth and more fourth cycle large-scale solar programme (LSS4) engineering, procurement, construction and commissioning (EPCC) contracts to be awarded. In a note today, its analyst Sean Lim said electricity demand overall is […]
Cypark to Build And Operate IIUM’s Solar PV System
KUALA LUMPUR : Cypark Resources Bhd said it has been appointed by International Islamic University Malaysia (IIUM) to construct and operate its solar photovoltaic (PV) system. “This will be the largest solar photovoltaic system ever built for an educational institution in Malaysia at 6.25MWp, paired with innovative technology whereby the solar panels are not only […]
Govt Approves RM42.2b Solar Module Manufacturing Investment
KUALA LUMPUR: The government has approved a manufacturer’s licence and incentives under the National Economic Recovery Plan (PENJANA) for the design, development and manufacturing of solar cells and solar modules in Malaysia for Risen Energy Co Ltd with a total investment of RM42.2 billion. Prime Minister Tan Sri Muhyiddin Yassin said the investment through Risen […]
Malaysia Focusing on Increasing Renewable Energy Capacity
KUALA LUMPUR : Malaysia is focusing on its power generation plan with a target of 31% renewable energy (RE) in its installed capacity in 2025, and 40% in 2035, as its energy transition plan until 2040. The Energy and Natural Resources Ministry (KeTSA), in a statement tonight, said its minister Datuk Seri Dr Shamsul Anuar […]
Cypark Proposes RM108 Mil Private Placement to Fund Solar Project
KUALA LUMPUR (Bernama) : Cypark Resources Bhd has proposed to undertake a private placement of up to 105 million new ordinary shares, representing up to 20% of the total number of issued share in the company. In a filing with Bursa Malaysia today, Cypark Resources said the issue price would be determined and announced later. […]
Reservoir Link Expands Footprint Into Solar Energy Business
KUALA LUMPUR : Reservoir Link Energy Bhd is looking to diversify its business and enter the solar energy business. In a bourse filing today, the group said it has signed a share sale agreement with Lee Seng Chi to acquire a 51% stake in Founder Synergy Sdn Bhd (FESB) for RM21.17 million. This purchase consideration […]
Majuperak Calls Off Plan to Develop Large-Scale Solar Photovoltaic Projects in Perak
KUALA LUMPUR : Majuperak Holdings Bhd has called off a plan to develop large-scale solar photovoltaic (LSS) projects in Perak jointly with Cahya Suria Energy Sdn Bhd. In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Majuperak Energy Resources Sdn Bhd, and Cahya Suria have mutually agreed to terminate the framework agreement […]
Pekat Eyes Up to 70% Revenue Contribution From Solar PV Division
KUALA LUMPUR : Pekat Group Bhd, en route to be listed on Bursa Malaysia’s ACE Market on June 23, expects to grow its solar photovoltaic (PV) division’s contribution to the group’s revenue to between 60% and 70% in the current financial year ending Dec 31, 2021 (FY21). The division’s contribution to the group’s total revenue […]