PETALING JAYA: Gamuda Bhd
, through its wholly-owned Australian subsidiary DT Infrastructure, has secured the 75MW Jinbi Solar Farm project for Yindjibarndi Energy Corp (YEC) in Western Australia, further expanding its renewable energy (RE) portfolio.
Consisting of 160,000 solar panels, the Jinbi Solar Farm represents a critical milestone in the decarbonisation of the Pilbara region.
Once operational, the project will support Rio Tinto Plc’s regional power network, supporting sustainable and dependable RE to its operations, Gamuda said in statement yesterday.
DT Infrastructure chief executive officer John Anderson said the project marked an important step in supporting the Pilbara region’s energy transition while strengthening the company’s growing RE portfolio.
“Partnering with one of Australia’s largest indigenous-led RE initiatives allows us to support YEC in delivering meaningful, long-term outcomes for the Yindjibarndi community,” Anderson said.
The Jinbi Project is one of several major developments being progressed by YEC through its Chichester Range and Eastern Development Zone RE hubs, which together support more than 1.5GW of wind, solar and battery storage projects in the Pilbara region.
DT Infrastructure’s portfolio includes developments such as Stage 1 of the Marinus Link, a major undersea and underground electricity and data interconnector between Tasmania and Victoria, as well as Carmody’s Hill Wind Farm, Goulburn River Solar Farm, and Boulder Creek Wind Farm.
At the same time, the group is also securing diversified infrastructure wins across the region, including the RM3.3bil Kaohsiung MRT Xiaogang-Linyuan Line project in Taiwan, awarded last week.
The group holds a 70% stake in the joint venture, translating into an effective share of RM2.3bil.
This marks Gamuda’s 10th infrastructure contract win in Taiwan.
Investors reacted positively to the news, with Gamuda’s shares rising 0.89% at the time of writing to RM4.54, while research houses continue to see upside driven by its growing order book. Its stock closed at RM4.51 yesterday.
RHB Research, which has a RM6.19 target price on the stock, noted that Gamuda’s total outstanding order book has risen to around RM51.6bil, marking the first time the group has crossed the RM50bil threshold.
Assuming a burn rate of about RM10.4bil from May to December, it said the group would need to secure an additional RM9bil to RM14bil in new jobs to sustain a RM50bil to RM55bil order book by end-2026.
“We think this is achievable, as Gamuda is pursuing tenders totalling at least RM30bil domestically and internationally, in our view,” the research house said in a report yesterday.
The latest Taiwan contract brings the group’s year-to-date financial year ending July 31, 2026 (FY26) new job wins to RM21.2bil, which RHB Research said is slightly above its FY26 replenishment target of RM21bil.
The research house has raised its FY26 new job win assumption to RM27bil, supported by a strong pipeline of tenders.
Meanwhile, BIMB Research said Taiwan is emerging as a key overseas growth platform for Gamuda.
“We note that Taiwan projects already accounted for about RM9.2bil outstanding as of January 2026, and this would increase to around RM11.5bil post-award.
“Combined with ongoing traction in renewable infrastructure, we continue to view Gamuda as one of the strongest beneficiaries of the regional infrastructure upcycle,” BIMB Research added.
It sees upside to RM6.29 for the stock.
