SDP’s renewable energy ventures a sensible move

PETALING JAYA: Sime Darby Property’s (SDP) utilisation of its non-core landbank to develop utility-scale ground-mounted solar farms has RHB Research feeling positive over its outlook.

While it is unlikely to have a significant impact on its near-term earnings, the research outfit is in favour of SDP’s enhanced usage of an estimated 404.7ha of its landbank in Johor and Kedah for renewable energy purposes.