Samaiden Aims for 15-20% Share in Malaysia's LSS6 Solar Projects
Samaiden Group Bhd targets a 15-20% market share in Malaysia's upcoming LSS6 program, representing 400-530 MWac. With a current backlog of RM536.6 million and an additional RM3 billion in bids, the company is positioned for significant growth in the renewable energy sector.
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Samaiden Group Bhd aims to capture 15-20% of Malaysia's LSS6 rollout, translating to 400-530 MWac across its projects. The company has secured RM536.6 million in projects and is pursuing another RM3 billion in opportunities, potentially growing its order book to RM1 billion.
The LSS6 program will also involve mandatory battery energy storage, potentially increasing contract values. Anticipated bidding results are expected in 1Q27, with tenders to be called in 2Q27. Factors such as land costs and solar module prices may elevate LSS6 tariff bids compared to previous cycles. The company maintains a robust tender book of RM3 billion, with 85% from utility-scale solar projects.
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