KUALA LUMPUR: Solarvest Holdings Bhd
says it does not expect to be significantly impacted by the rising costs of solar panels as it had inked a 2GW blanket order with suppliers at a locked-in price in the second half of 2025.
This supply will meet its project requirements over the next 18 to 24 months, it said in a statement.
Additionally, it said these contracts are supported by refundable deposits and bank guarantees, which provide strong protection against supplier non-performance.
The clean energy expert said this in response to recent news reports highlighting industry-wide cost pressures following China's decision to cancel the 9% export tax rebate for photovoltaic products from April 1 this year.
"Thanks to our long-standing relationships with established suppliers, built over many years, Solarvest does not anticipate execution or delivery risks arising from recent price movements.
"In the unlikely event of non-performance, our contractual safeguards allow us to recover deposits and enforce relevant bank guarantees."
It said its procurement strategy coupled with a stronger ringgit, limits the net margin impact from rising module prices.
"Independent analysts have reaffirmed that Solarvest’s margin pressure is manageable and that the company’s long-term fundamentals remain intact, with continued 'Buy' and 'Outperform' ratings," it added.
