Malaysia targets at least 20% renewable energy consumption by year 2025. Large Scale Solar (LSS) program is one of the projects which plays a crucial role in achieving this target.
At the end of 2016, only 2% energy comes from renewable source.
LSS was first introduced in March 2016. So far 3 rounds of bidding have been completed. Bidding process of LSS4 is currently under way and the result is expected by the end of this year.
Successful bidders have to build, own and operate (BOO) the large solar farms. A power purchase agreement at a fixed rate for 21 years will be signed with TNB.
There are many listed companies planning to diversify and share the cake of this renewable energy business. I read that Vizione, Pestech, OSK and ILB have plans to bid for LSS3.
Of course all of them failed as only one listed company won the bid in LSS3, which was Cypark.
