Solarvest secures contract to build 50-MW solar farm in Malaysia

Malaysian photovoltaic (PV) plants builder Solarvest Holdings Bhd (KLSE:SLVEST) has been awarded a MYR-46.75-million (USD 11.2m/EUR 9.7m) contract to build a large-scale solar farm in the home country.

Solarvest said on Tuesday that it had been appointed by TNB Engineering Corporation Sdn. Bhd, part of national utility Tenaga Nasional Berhad (KLSE:TENAGA), to install the plant under the Round Four of Malaysia’s Large Scale Solar (LSS) programme.

The solar farm is set to have 50 MW of AC capacity. The project site will be located in the town of Bukit Selambau, in the Malaysian state of Kedah, where Solarvest will install about 136,890 solar modules.

The solar farm is scheduled to reach commercial operation date by the first quarter of 2023.

The latest contract brings Solarvest’s total unbilled orderbook well over MYR 620 million as of October 5, the company added.

(MYR 1.0 = USD 0.239/EUR 0.206)

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