Solarvest Secures RM1.06 Billion Solar Project, Boosting Order Book to RM2.7 Billion
Solarvest Holdings Bhd's recent RM1.06 billion contract for a large-scale solar project enhances its order book to RM2.7 billion, indicating strong revenue visibility for the next three years. This contract is expected to generate recurring annual revenue of approximately RM28 million post-operations.
Theia Market Signal Identification - AI Assisted
Solarvest Holdings Bhd has secured a RM1.06 billion contract for the LSS5+ solar project in Perak, increasing its total order book to RM2.7 billion. The engineering, procurement, construction, and commissioning (EPCC) contract is anticipated to ensure strong revenue visibility for the next three years.
The 470 MWac photovoltaic plant, developed by Atlantic Blue Sdn Bhd and Malakoff Silver Solar Sdn Bhd, is set to achieve commercial operation by February 29, 2028. Additionally, Solarvest's collaboration with Brookfield under the Corporate Renewable Energy Supply Scheme (CRESS) and opportunities from the LSS6 program are expected to drive further growth.
Financial projections for FY2026 estimate profits at RM81.5 million with revenues of RM791.6 million. Solarvest has also recently completed two solar plants with a combined capacity of 60 MWac alongside Tenaga Nasional Berhad and ES Sunlogy Berhad.
Comments