Weekly renewables M&A round-up (May 23-27)
May 27, 2022 17:26 CESTSolarvest secures contract to build 50-MW solar farm in Malaysia
Solar panels by iamme ubeyou.
October 5 (Renewables Now) - 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)
More stories to explore
Duke Energy equips Hawaii university with solar and storage
May 27, 2022 17:17 CEST
US stays atop EY renewables attractiveness index, Spain heads PPA chart
May 27, 2022 16:32 CEST
Savannah Energy to develop up to 500 MW of renewables in Chad
May 27, 2022 16:08 CEST
Celsia building 260 MW of solar farms in Colombia
May 27, 2022 15:51 CEST
Agrana, RWA equip Austrian fruit juice concentrate plant with solar modules
May 27, 2022 15:36 CESTShare this story
Tags
About the author