News about renewable energy

Developed as a key component of the JS-SEZ masterplan, the initial phase of SJREC is expected to include up to four gigawatts peak (GWp) of solar capacity and 5.

At the same time, those with existing rooftop solar assets under earlier mechanisms can now upgrade and expand their solar system capacity and switch to the NEM programme as well.

Kenanga believes that investors should focus on the 800MW Corporate Green Power Programme (CGPP) in 4Q2024, valued at RM2.

He added that RE accounted for about 60% of green investment up to 2019, while EVs contributed 58% from 2020 to 2023.

“To secure a competitive market advantage, GreenRock Energy has now become the first Taiwanese company to participate in a Malaysian government green energy project.

Ami said reaching the COD for the Merchang Hybrid Solar Energy Plant demonstrates the group's commitment to becoming a significant contributor to the country’s net zero ambitions.

The group foresees the RE business potentially contributing 25% or more to the group's net profits and/or diverting 25% or more of the group's net assets in the future.

The sustainability sukuk is priced at a yield of 5% with a periodic distribution of 5% per annum.

“This is crucial in mitigating potential cost increases, as both the aluminium price and freight charges are expected to increase in the near future.

The terminations are due to the REIT's unsuccessful bids to the Energy Commission to participate in the CGPP, according to its filing to Bursa Malaysia on Friday.