PETALING JAYA: Renewable energy (RE) specialist Solarvest Holdings Bhd
’s latest large-scale solar 5 (LSS5) contract win of RM103mil from the Penang Development Corp (PDC) announced on March 26 ensures the company continues to be a firm bet to clinch more projects, including from LSS5+, LSS6 and other initiatives under the Net Energy Metering (NEM) programme.
Analysts believe the latest contract secured from the PDC not only boosts earnings visibility but also lifts the outstanding orderbook to record levels at almost RM1.4bil. With year-to-date contracts valued at RM504mil, this also makes up around a quarter of financial year ending March 31, 2026 (FY26) orderbook assumptions. Last week, the company won an RM401mil contract under the LSS5 programme from Tenaga Nasional Bhd (TNB).
