Paragon Globe mutually terminates MOU with Solarvest following land disposal in Johor
"We value our partnership with Solarvest and look forward to exploring future collaborations once our revised plans are finalised.
"We value our partnership with Solarvest and look forward to exploring future collaborations once our revised plans are finalised.
The latest 50MW quota for households is in addition to the 50MW quota opened up in September.
The company said it will focus on the timely completion of its on-going development projects, monetisation of its inventories and prudent financial management to navigate the evolving market environment.
The group did not disclose the land size, saying the project is still in its early stages.
The programme, which was slated to expire on Dec 31, 2024, enables electricity consumers to generate their own solar power and offset it against their consumption on a one-to-one basis.
The sale of the stake in PLB Green Solar Sdn Bhd — held through PLB's 85.
Upon completion, the solar farm is expected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions, LBS Bina noted.
Kenanga believes that investors should focus on the 800MW Corporate Green Power Programme (CGPP) in 4Q2024, valued at RM2.
Legasi Green is owned by Angelaxy Power (30%), Asanaga (30%), and Greenviro Solutions Sdn Bhd (40%).
An initial quota of 150MW for NEM Rakyat was fully taken up in November 2023, alongside the initial 800MW for commercial and industrial segment dubbed NEM Nova.