Upbeat outlook for Solarvest on LSS5 plan shortlist


RHB Research is keeping its earnings estimates for Solarvest unchanged.

PETALING JAYA: Analysts are mostly upbeat about Solarvest Holdings Bhd’s prospects after it was shortlisted under the large-scale solar five (LSS5) programme, strengthening its position as a key player in the solar energy sector.

Solarvest holds a 60% stake in special-purpose vehicle Nextree Synergy, which signed a power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) to develop and operate a 60MWac large-scale floating solar photovoltaic plant in Kuala Langat, Selangor, under Package 4 (10MW to 500MW category) of the LSS5 programme.

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