KKR makes GBP-1.75bn all-cash offer for ContourGlobal
May 18, 2022 14:49 CESTApril 9 (Renewables Now) - China’s Longi Solar announced today it has received an order for 190 MW of solar modules for installation as part of projects awarded in Malaysia's Large Scale Solar (LSS) 3 tender.
The contracts are tied to a 100-MW photovoltaic (PV) project in Kerian, Perak state, and a 90-MW solar scheme in Kuala Muda, Kedah state. Longi will deliver modules from its Hi-MO 5 monofacial and Hi-MO4 bifacial series.
According to the list of winners, the companies behind said PV projects are Engie Energie Services SA and TTL Energy Sdn Bhd for the asset in Perak, and JKH Renewables Sdn Bhd and Solarpack Asia Sdn Bhd for the one in Kedah.
Overall, the LSS3 auction awarded five projects totalling 490.88 MW, official documents showed a year ago. The third tender attracted bids as low as MYR 0.1777 (USD 0.043/EUR 0.036) per kWh.
The Malaysian government is aiming for renewables to account for 20% of the country's power by 2025.
(MYR 10 = USD 2.418/EUR 2.034)
KKR makes GBP-1.75bn all-cash offer for ContourGlobal
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