$CYPARK (5184.MY)$ Malaysia's fifth large-scale solar energy...

Malaysia's fifth large-scale cecep solar energy plan (LSS5) aims to increase domestic renewable energy generation capacity and has opened bidding for 2000MW, divided into four main categories:
1. Category One: Ground or rooftop solar projects (1-10MW), with a quota of 250MW, only available to companies with at least 51% Bumiputera equity and qualified as small and medium enterprises.
2. Category Two: Ground or rooftop solar projects (10-30MW), also with a 250MW quota, requiring at least 51% Bumiputera equity.
3. Category Three: Large ground or rooftop solar projects (30-500MW), with a quota of 1000MW, restricted to companies with at least 51% Malaysian local equity.
4. Category Four: Floating solar projects (10-500MW), with a quota of 500MW, with requirements similar to the third category.

According to the regulations, eligible companies need to purchase application documents between April 1st and 16th, 2024, and submit bids in July. This provides significant opportunities for companies with certain Bumiputera or local equity. Expected eligible companies include some locally listed Malaysian energy companies with certain foreign participation. These projects are expected to be operational by 2026, helping Malaysia achieve its carbon neutrality goal.

In the upcoming LSS5 (Large-Scale Solar Power Generation Plan) project in Malaysia, several companies are qualified to bid, especially those that have excelled in the Engineering, Procurement, Construction, and Commissioning (EPCC) field. Qualified listed companies include Solarvest Holdings, Cypark Resources, Sunview Group, Pekat Group, and Samaiden. These companies have the technical expertise and experience to participate in and execute large cecep solar energy projects. In addition, large enterprises such as Tenaga Nasional Bhd and YTL Power International are also considered likely to play a key supporting role in LSS5.

The total capacity of the LSS5 project is 2000MWac, divided into multiple packages, including ground solar, rooftop solar, and floating solar projects. This plan encourages local companies to participate and also allows limited foreign companies (with no more than 49% ownership) to bid for larger capacity projects.