PETALING JAYA: Kenanga Research anticipates the renewable energy (RE) sector to see billions of ringgit of investments in the next two years, mainly in solar-based generation assets. In the near term, Kenanga Research expects PV system EPCC jobs will come from the CGPP with a completion deadline by end-2025. Kenanga Research forecasts at least RM5bil worth of PV system EPCC jobs from the LSS5 programme. It also highlighted opportunities from the NEM initiative, where an additional quota of 500MW (residential: 200MW, commercial: 300MW) are on offer and encourage investments in solar-based assets. The residential sector, which is significantly untapped, could get a boost from the Solar For Rakyat Incentive Scheme using 100MW worth of NEM quota for the residential segment.

Source: The Star June 20, 2024 09:15 UTC