Short Position - Solar concerns, IPO Exuberance, Corporate Malaysia

Large scale solar concerns

THE country’s fourth large scale solar (LSS4) programme, which announced a total of 30 winners on March 12, has incorporated several major changes compared to the previous round.

Unlike LSS3 that came with a quota of 500MW, the latest round offered double the capacity at 1,000MW. In addition, only 100% locally owned companies are allowed to bid, and as for listed players, they were required to have at least 75% local shareholding.