Solarvest wins contract for 17-MW solar project in Malaysia

• Malaysian photovoltaic (PV) plants contractor Solarvest Holdings Bhd (KLSE: SLVEST) has actually won an engineering, procurement, building and construction, and compensation contract for a 17.36-MW solar project in Malaysia.

The MYR-66-million (USD 15.6 m/EUR 13.3 m) agreement was awarded by Grooveland Sdn. Bhd. Solarvest will create the solar farm in Mukim Bota in the state of Perak.

With the latest honor, Solarvest has protected agreements worth a total of concerning MYR 196 million as part of the 4th round of the nationwide Large Scale Solar (LSS) programme. The business's unbilled order publication has actually gotten to a document degree of MYR 400 million, it said.

After swiping 3 contracts in Malaysia in two months, Solarvest also anticipates to secure jobs in markets such as Taiwan and the Philippines in the near future.