MARC sees strong cashflow coverage for solar power Leader Energy

Leader Energy owns two solar power projects in Kuala Muda, Kedah, namely Leader Solar Energy Sdn Bhd (LSE I; 29.0MWac) and Leader Solar Energy II Sdn Bhd (LSE II; 20.0MWac) with a combined capacity of 49MWac.

KUALA LUMPUR: Malaysian Rating Corporation (MARC) sees strong projected cashflow coverage for solar power company Leader Energy Sdn Bhd and rated its green Sukuk Wakalah of up to RM260mil at AA-IS.

MARC said on Thursday the preliminary rating was for the proposed Asean green sustainable and responsible investment (SRI) Sukuk. The rating outlook was stable.