Samaiden Targets Up to 20% Share of Malaysia’s LSS6 Solar Rollout

Samaiden Group Bhd is targeting a larger share of Malaysia’s large-scale solar (LSS) market as the upcoming LSS6 programme provides the clean-energy specialist with a significant opportunity to replenish and expand its order book.

According to TA Research, Samaiden aims to capture between 15% and 20% of the LSS6 rollout, equivalent to approximately 400 MWac to 530 MWac of projects. The targeted capacity would include projects where Samaiden either owns the underlying assets or provides engineering, procurement, construction and commissioning (EPCC) services.

The research house said Samaiden is benefiting from stronger execution of existing large-scale solar projects, while the upcoming LSS6 programme could provide an additional pipeline of opportunities for the group to expand its presence in Malaysia’s utility-scale renewable energy market.

TA Research noted that the company’s targeted share of LSS6 would represent a meaningful increase compared with its previous participation across earlier LSS tender cycles. Samaiden’s combined asset ownership and EPCC exposure in previous LSS rounds ranged from approximately 8% to 17%, highlighting its intention to secure a larger position in the upcoming programme.

A key factor supporting the potential increase in contract value is the inclusion of mandatory battery energy storage system (BESS) installations in most of the LSS6 packages currently on offer.

According to TA Research, the compulsory integration of BESS is expected to significantly increase the overall value of EPCC contracts awarded under the programme. As a result, Samaiden’s targeted capacity exposure could translate into substantially larger project values compared with previous LSS cycles.

The combination of utility-scale solar development and mandatory energy storage is expected to create additional opportunities for renewable energy companies with capabilities across project development, asset ownership and EPCC services.

For Samaiden, securing a 15% to 20% share of the LSS6 rollout could therefore strengthen its project pipeline and provide additional visibility for future order-book growth, while further expanding its position in Malaysia’s rapidly developing large-scale solar market.