Kuala Lumpur: Solarvest Holdings Bhd is strategically positioned to take advantage of emerging opportunities within Malaysia’s renewable energy sector by utilising its significant market share in solar energy.

According to BERNAMA News Agency, Maybank Investment Bank Bhd (Maybank IB) has highlighted that Solarvest is actively pursuing projects under the two-gigawatt (GW) Fifth Large Scale Solar (LSS5) quota and the upcoming 2GW LSS5+ expansion. Additionally, the company is seeking to secure projects under net energy metering (NEM) 3.0 and the newly introduced enhanced dispatch arrangement (NEDA) programmes.

The latest job acquisition is expected to elevate Solarvest’s order book to RM1.3 billion, with revenue recognition anticipated to remain robust through the financial years 2026 and 2027. Maybank IB stated in a note that there is no change to their forecasts, as this job acquisition aligns with their order book win assumptions of RM1 billion for FY2026.

Year to date, Solarvest has successfully secured RM947 million in new projects. Based on historical margins from engineering, procurement, construction, and commissioning (EPCC), the contract could potentially contribute an estimated RM40-60 million in gross profit, assuming a gross profit margin of 10-15 percent. Maybank IB remains optimistic about Solarvest’s growth prospects in expanding its order book and asset base amid the strong demand for renewable energy over the medium to longer term.