Cypark to develop 14.5 MW in Malaysia

Cypark to develop 14.5 MW in Malaysia

Cypark will develop a 10.5 MW (DC) solar array for power producer Selasih
Mentari in Ladang Tanah Merah, Negeri Sembilan, for MYR 53.4 million ($12.4
million). The project is scheduled for completion by November 2018,
according to an online statement.

Separately, Cypark will install 3.95 MW of PV capacity for Revenue Vantage
in Jelebu, Negeri Sembilan, for MYR 21.6 mlllion ($5 million). It aims to
finish the project by September 2018.

Cypark has already worked with Selasih Mentari on solar projects in Negeri
Sembilan. In early 2014, it signed a 65 million ringgit deal to build a 5.3
MW array on a landfill site in Kuala Sawah. It also recently completed a 2
MW solar project for Rentak Raya on a 5.7-hectare site in Pajam, in addition
to a 3 MW solar+biogas project it installed in Pajam for Gaya Dunia

The Petaling Jaya-based group, which is listed on the Bursa Malaysia stock
exchange, posted a profit of MYR 51.7 million ($12 million) in 2016, up
18.9% year on year. Roughly 70% of its total revenue last year came from its
renewable-energy and environmental engineering businesses, according to
recent Malaysian media reports.

The Cypark installations are the latest in a series of major PV projects
that have been announced in Malaysia in recent months. In March, Kuala
Lumpur-based independent power producer Edra revealed plans to build 50 MW
in the state of Kedah by the first quarter of 2018. Taiwan's Tien Ching also
announced plans this spring to invest in a 49 MW floating PV array in the
state of Kelantan, while a unit of Penang-based construction group PLB
Engineering recently secured approval to develop a 20 MW project at an
undisclosed location in Peninsular Malaysia.

Roughly 2.42 billion ringgit ($555 million) of solar-related investments
were approved in Malaysia in 2016, according to recent statistics from the
Malaysian Investment Development Authority (MIDA). The MIDA is trying to
turn the Southeast Asian country into a regional hub for the production of
solar cells and modules. It says that approximately 95% of investments in PV
production in the country have come from foreign entities.

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Link to Original Article:
https://www.pv-magazine.com/2017/05/19/cypark-to-develop-14-5-mw-in-malaysia
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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com