PETALING JAYA: The renewable energy (RE) space remains the focus point for analysts as companies operating in the engineering, procurement, construction and commissioning (EPCC) business look set to benefit from project rollouts under various initiatives to grow power output from the sub-sector.
This comes after the government’s move to relax conditions for the net energy metering (NEM) and self consumption (Selco) for solar photovoltaic (PV) programmes (effective July 15) by increasing allowable capacity to 85% of consumption from 75% previously for both NEM and Selco, as well as allowing participation of high voltage consumers in the Selco programme.
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