Solar energy Industry remains optimistic

TheStar Sat, Jun 11, 2022 07:01am - 1 year View Original


“For the third project that is due in 2023, we have begun engineering and designing work, and are awaiting approval from the authorities for site possession,” its group chief executive officer Davis Chong says.

RISING costs are affecting the implementation of solar projects, especially under the fourth cycle of large-scale solar (LSS4) scheme with their very competitive tariff bids.

Several public-listed companies share their progress and how they are mitigating the unexpected cost increase.

Solarvest Holdings Bhd, which was awarded three plants in LSS4 with an accumulative capacity of 50 megawatt (MW), says it has obtained financial close for its two plants that are due to achieve commercial operation dates in 2022.

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