Malaysia's Jetson, Helios plan solar works JV

Solar modules. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.

July 17 (Renewables Now) - Malaysian construction services firm Kumpulan Jetson Bhd (KLSE:JETSON) and Helios Photovoltaic Sdn Bhd will together compete for contracts for the design, construction and completion of solar projects in Sabah.

Jetson said today the two companies have entered into a heads of agreement (HOA), under which they would form a special purpose vehicle (SPV) to undertake any secured project. The plan is for each party to hold 50% in the joint venture, but other proportions may also be discussed.

Helios sells solar energy products and offers engineering, procurement, construction and commissioning (EPCC), and other services to solar projects. It has been involved in solar power projects whose combined value exceeds USD 40 million (EUR 34m), according to the press release.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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