KUALA LUMPUR: Solarvest Holdings Bhd
says it does not expect to be significantly impacted by the rising costs of solar panels as it had inked a 2GW blanket order with suppliers at a locked-in price in the second half of 2025.
This supply will meet its project requirements over the next 18 to 24 months, it said in a statement.
Additionally, it said these contracts are supported by refundable deposits and bank guarantees, which provide strong protection against supplier non-performance.
The clean energy expert said this in response to recent news reports highlighting industry-wide cost pressures following China's decision to cancel the 9% export tax rebate for photovoltaic products from April 1 this year.
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