RE industry poised to receive huge amounts of funding

Kenanga Research forecasts at least RM5bil worth of PV system EPCC jobs from the LSS5 programme.

PETALING JAYA: Kenanga Research anticipates the renewable energy (RE) sector to see billions of ringgit of investments in the next two years, mainly in solar-based generation assets.

The research house noted that solar photovoltaic (PV) system engineering, procurement, construction and commissioning (EPCC) contractors like Solarvest Holdings Bhd and Samaiden Group Bhd could be the major gainers from the execution of various contracts under the Corporate Green Power Programme (CGPP), which is estimated to be worth RM2.4bil, as well as the two gigawatts (GW) large-scale solar five (LSS5) that is worth another RM5bil, not to mention the additional quota of 500 megawatts (MW) on offer under the net energy metering (NEM) scheme.