Renewable energy to drive Cypark growth

Cyparks renewable energy park in Pajam

PETALING JAYA: Cypark Resources Bhd’s balance sheet is expected to improve once some of its renewable energy (RE) projects are commissioned from financial year 2022 (FY22) onwards.

Earnings in FY22 to FY24 are also expected to be supported by RE and waste-to-energy (WTE) segments, mainly from the increase in solar photovoltaic (PV) generation capacity and commencement of its first WTE plant, which has stable cashflow streams.