Winstar Capital Bhd is expanding its renewable energy and aluminium market presence by capitalizing on Malaysia's Large Scale Solar 5 (LSS5) initiative. The company aims for a 5% share of the RM10 billion LSS5 solar mounting structure market, representing an estimated RM500 million in potential revenue. Winstar is investing in manufacturing capabilities, with its I03 Factory Block set to begin operations in the second quarter of 2025.
Winstar Capital Bhd is accelerating its growth in the renewable energy and aluminium markets by leveraging opportunities from Malaysia ’s Large Scale Solar 5 initiative.
“To support this goal, Winstar is ramping up its manufacturing capabilities, with the I03 Factory Block slated to begin operations in second quarter 2025,” he said at a press conference after the company’s listing ceremony today. “These enhancements will enable Winstar to shift from trading to in-house manufacturing, significantly boosting its gross profit margins, which currently average 19%. Our focus is on aligning production capacity with profit growth while strategically targeting small and medium-sized customers. LSS5 offers tremendous potential, and by expanding our aluminium extrusion and solar mounting structure capabilities, we are well-positioned to capitalise on this growing market,” Chua said.
“Winstar’s contribution will focus on providing durable and cost-effective mounting structures, which typically account for 5% of the total project value. By strengthening its manufacturing capabilities, Winstar aims to establish itself as a preferred supplier for LSS5 and other solar infrastructure projects.”
Renewable Energy Aluminium LSS5 Solar Mounting Structures Malaysia
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