Latest news with #LargeScaleSolar
The Star
2 days ago
- Business
- The Star
Solarvest continues to make hay as the sun shines
The company's unbilled order book quintupled from RM242mil in the fourth quarter of FY24 to RM1.2bil in 4Q25. PETALING JAYA: Solar energy company Solarvest Holdings Bhd is poised to scale new heights as the group's stellar results for its financial year 2025 ended March 31, (FY25) sets the stage for a stronger FY26, underpinned by a five-fold jump to RM1.2bil in unbilled orders, analysts say. Hong Leong Investment Bank Research (HLIB Research) said: 'We expect another record year for Solarvest going into FY26, backed by strong order book growth and commissioning of assets towards the later part of FY26.' The company's unbilled order book quintupled from RM242mil in the fourth quarter of FY24 (4Q24) to RM1.2bil in 4Q25. 'We believe execution of Corporate Green Power Programme contracts should kick into higher gear in FY26,' the research house added HLIB Research also anticipated the commencement of projects under the fifth phase of the government's Large Scale Solar (LSS5) initiative could lift Solarvest's engineering, procurement, construction and commissioning revenue towards 2H26. Solarvest's management is guiding for further contract wins from LSS5 in the near term, the research house noted. According to HLIB Research, Solarvest has consistently maintained a minimum 30% market share in past phases of the LSS initiative. Separately, LSS6 bidding is set to commence in the second and third quarters of this year, and the research house thinks the available quotas will be sizeable, ranging between two gigawatt and four gigawatt. 'As such we reckon that Solarvest management's guidance of surpassing RM2bil in unbilled orders in FY26 is conservative, looking at the existing pipeline and its stellar track record,' said HLIB Research. The research house maintained a 'buy' call on the stock with a target price of RM2.25 per share.
The Star
3 days ago
- Business
- The Star
Samaiden eyes bigger share of solar projects
PETALING JAYA: Samaiden Group Bhd is targeting an ambitious RM1bil order book within the next six to 18 months, analysts say. In a post-results briefing last week, the group's management told analysts it was actively bidding for jobs to bring its a tender book to RM1.8bil. MIDF Research said the group's order book stood at RM441.8m as of March 2024, 53% of which was for utility-scale solar projects. 'Including the three recent engineering, procurement, construction, and commissioning (EPCC) contracts for large solar projects that it secured recently and a two-month order book burn, we estimate that the current outstanding amount should be about RM650mil,' MIDF Research said.. Samaiden was recently awarded two EPCC contracts under the fifth phase of the government's Large Scale Solar (LSS5) initiative – a RM100.7mil contract for a 27.60MW solar farm in Pasir Mas, Kelantan, and a RM45mil contract for a 9.99MW solar farm in Kulim, Kedah. It also won a RM108.6mil contract for a 29.99MW solar farm in Bestari Jaya, Selangor, which was the final LSS4 project It is currently bidding for projects under the upcoming LSS5+ and LSS6 rounds, with the LSS5+ results expected by the end of this month. According to the research house, Samaiden is exploring growth through rooftop solar installations, especially under the recently introduced Community Renewable Energy Aggregation Mechanism or CREAM. The initiative allows residential rooftops to be leased for solar generation. With a potential electricity tariff hike in July, Samaiden anticipates increased demand from commercial and industrial customers for rooftop solutions. MIDF Research said Samaiden is on strong footing. 'Samaiden has a net cash position at RM104.8mil, which provides a strong runway for the group to participate in potential solar photovoltaic investments with favourable recurring income' it added. While EPCC still dominates its revenue, Samaiden aims to grow recurring income via power-generation assets, which command higher margins. 'Samaiden sees prospects of margin improvement going forward as the group's power-generation assets, which entail much higher margins than its typical EPCC business, kick in within the next few years,' TA Research said. TA Research maintained a 'buy' call with a target price of RM1.38 on Samaiden, highlighting its strong order book, net cash status, and project pipeline. MIDF Research also reiterated a 'buy' rating with a higher target price of RM1.59, reflecting optimism in the group's long-term growth driven by LSS and CGPP developments. Samaiden stands out as a prime beneficiary of Malaysia's energy transition. With strong order flows, earnings visibility, and growing recurring income from its renewable energy assets, the group is well-positioned to deliver value in the coming years.
Borneo Post
14-05-2025
- Business
- Borneo Post
Maybank steps up to power Sabah's renewable energy transition
Ranita Abdullah KOTA KINABALU (May 14): As Sabah accelerates its shift toward renewable energy, Maybank is stepping up as a strategic financial partner, offering full-spectrum support from project advisory to green capital mobilisation. In an exclusive interview with The Borneo Post, Ranita Abdullah, Head of ESG Strategy & Solutions at Maybank's Group Global Banking, said the bank is committed to helping Sabah unlock its green potential. 'We aim to be our clients' transition partner of choice. Whether it's decarbonising existing operations or developing new renewable infrastructure, we're there from start to finish,' said Ranita. Maybank's expertise spans the full project lifecycle — from advisory and structuring to arranging green capital. The bank has led numerous renewable energy financings, particularly in Peninsular Malaysia under the Large Scale Solar (LSS) programme. However, Sabah has its own pioneering green finance track record. 'Sabah issued the world's first green SRI Sukuk in 2017 for Tadau Energy, followed by Telekosang in 2019. Green finance is not new to the state,' she noted. Maybank often begins its involvement at the advisory stage, helping clients structure projects to be bankable. 'For example, we supported Malakoff in developing its sustainable finance framework — giving investors confidence that the projects meet ESG standards,' said Ranita. Once viable, projects can proceed to green Sukuk issuance, a Shariah-compliant investment tool increasingly favored by ESG investors. 'These instruments attract capital from funds specifically mandated to invest in sustainable assets, often at better borrowing costs,' she explained. Sabah's Energy Roadmap and Master Plan 2040, which targets 50% renewable energy capacity by 2035 and 80% by 2050 (up from the current 9%), is a strong draw for investors. 'Ambitious goals show serious commitment — now it's about execution,' she said. Among Sabah's biggest hurdles is its limited grid infrastructure. The state's reliance on a single East-West 275kV transmission line poses a major bottleneck. 'Without a southern link and expanded grid connectivity, many renewable projects — especially in Sandakan and Tawau — will remain stranded,' Ranita cautioned. She welcomed transitional solutions like the 400MWh Battery Energy Storage System (BESS) in Lahad Datu, expected mid-2025, but stressed the need for long-term grid investments. Regulatory clarity is another key concern. 'Standardised approvals, streamlined licensing, and predictable policies are vital. The one-stop centre under ECOS is a great start,' she added. Aligning with the National Energy Transition Roadmap (NETR) is also critical for investor confidence. 'Sabah is not just part of the national target — it's essential to achieving it,' said Ranita. Beyond hydropower, Sabah holds strong promise in solar and biomass. Maybank plans to catalyse private interest with innovative financial solutions. 'Many LSS Sabah winners secured capacities as low as 5MW. We can bundle these under an SPV to issue a collective green Sukuk — that's the kind of innovation we bring,' she explained. Maybank also aims to connect Islamic investors with viable Sabah projects, leveraging its network and on-the-ground expertise. 'We're bullish on Sabah's future. With the right infrastructure, policy clarity, and partnerships, Sabah can become a regional leader in sustainable energy,' Ranita concluded.
Malay Mail
26-04-2025
- Business
- Malay Mail
UK agrees to collaborate with Malaysia on tech and new energy, says DPM Fadillah
LONDON, April 26 — The United Kingdom (UK) has agreed to collaborate with Malaysia in various fields, including technology and new energy management, said Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also the Minister of Energy Transition and Water Transformation, said the matter was mentioned during his courtesy call on UK Secretary of State for Energy Security and Net Zero on the sidelines of the plenary session of the Summit of the Future of Energy Security at Lancaster House here yesterday. 'We want to learn about the system and how they make exchanges or trading between the UK and countries in the European region. 'They have agreed to collaborate, and we will follow through with the results of that discussions at the officer level. 'They will provide us with detailed information on the officers, ministries, or agencies involved in the discussions,' he said to reporters after attending the ministerial plenary session of the Summit of the Future of Energy Security at Lancaster House here yesterday. Regarding the ministerial plenary session yesterday, Fadillah said it provided an opportunity for participants to present their views in determining the direction that have been planned by the International Energy Agency (IEA) and the UK, especially in energy security. 'Do we want to continue as we are, or is there a direction that needs to be determined to ensure that energy security becomes a main agenda, and how do we plan its implementation so that it benefits all countries?' he said. On the development of the country's renewable energy targets, Fadillah said it currently stands at 28 per cent, and various efforts are being made by the government to achieve 70 per cent by 2050. 'Our current focus is on solar energy because it is the fastest compared to gas or turbines, which take around three years to build. Right now, we have the Large Scale Solar (LSS5) and LSS6 programmes,' he said. LSS is a competitive bidding programme aimed at reducing the Levelised Cost of Electricity (LCOE) for the development of large-scale photovoltaic solar plants, and the Energy Commission is the implementing agency for this initiative. In addition, the Deputy Prime Minister said the government is also focusing on energy-saving approaches which include the use of suitable materials and the emphasis on good practices by all parties, such as switching off appliances when not in use. 'Smart systems can also be used — this is one of our focus areas. In addition to supplying energy and upgrading transmission lines, we also encourage the use of more efficient systems. 'These measures will help ensure the country maintains energy supply security and affordability for consumers, which in turn allows us to protect the environment,' he said. Fadillah, who arrived here on Wednesday for a three-day working visit, later performed Friday prayers at Malaysia Hall with the Muslim community before meeting the Malaysian diaspora in the UK at the Malaysian High Commission here, last night. Today, he is scheduled to visit the Blyth Offshore Windfarm in Newcastle, a coastal wind farm, to explore new energy potentials that Malaysia can harness. — Bernama
The Sun
25-04-2025
- Business
- The Sun
UK agrees to assist Malaysia in technology, new energy
LONDON: United Kingdom (UK) has agreed to collaborate with Malaysia in various fields, including technology and new energy management, said Deputy Prime Minister Datuk Seri Fadillah Yusof. Fadillah, who is also the Minister of Energy Transition and Water Transformation, said the matter was mentioned during his courtesy call on UK Secretary of State for Energy Security and Net Zero on the sidelines of the plenary session of the Summit of the Future of Energy Security at Lancaster House here on Tuesday. 'We want to learn about the system and how they make exchanges or trading between the UK and countries in the European region. They have agreed to collaborate, and we will follow through with the results of that discussions at the officer level. 'They will provide us with detailed information on the officers, ministries, or agencies involved in the discussions,' he said to reporters after attending the ministerial plenary session of the Summit of the Future of Energy Security at Lancaster House here on Friday. Regarding the ministerial plenary session today, Fadillah said it provided an opportunity for participants to present their views in determining the direction that have been planned by the International Energy Agency (IEA) and the UK, especially in energy security. 'Do we want to continue as we are, or is there a direction that needs to be determined to ensure that energy security becomes a main agenda, and how do we plan its implementation so that it benefits all countries?' he said. On the development of the country's renewable energy targets, Fadillah said it currently stands at 28 per cent, and various efforts are being made by the government to achieve 70 per cent by 2050. 'Our current focus is on solar energy because it is the fastest compared to gas or turbines, which take around three years to build. Right now, we have the Large Scale Solar (LSS5) and LSS6 programmes,' he said. LSS is a competitive bidding programme aimed at reducing the Levelised Cost of Electricity (LCOE) for the development of large-scale photovoltaic solar plants, and the Energy Commission is the implementing agency for this initiative. In addition, the Deputy Prime Minister said the government is also focusing on energy-saving approaches which include the use of suitable materials and the emphasis on good practices by all parties, such as switching off appliances when not in use. 'Smart systems can also be used — this is one of our focus areas. In addition to supplying energy and upgrading transmission lines, we also encourage the use of more efficient systems. 'These measures will help ensure the country maintains energy supply security and affordability for consumers, which in turn allows us to protect the environment,' he said. Fadillah, who arrived here on Wednesday for a three-day working visit, later performed Friday prayers at Malaysia Hall with the Muslim community before meeting the Malaysian diaspora in the UK at the Malaysian High Commission here, tonight. Tomorrow, he is scheduled to visit the Blyth Offshore Windfarm in Newcastle, a coastal wind farm, to explore new energy potentials that Malaysia can harness.
