Malaysia Renewable Energy Projects Set to Gain from Lower Charges

Dow Jones
Sep 22

0154 GMT - Lower system access charges under Malaysia's Corporate Renewable Energy Supply Scheme are expected to accelerate renewable energy project deployment, Affin Hwang IB analysts Ong Tze Hern and Peggie Wong say in a note. The charge will be reduced to 0.14 ringgit a kWh from 0.20 ringgit, improving project economics and potentially bringing forward engineering, procurement, construction and commissioning awards, they say. To qualify, projects must begin operations by end-2028, which could prompt construction to start by 1H 2027, they add. The analysts think CRESS projects are expected to emerge as an additional growth driver for the renewable energy sector, alongside the development of large-scale solar projects. Affin Hwang maintains an overweight rating on Malaysia's renewable energy sector, sees Solarvest and Samaiden as key beneficiaries.

 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10