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BUSINESS • 07/04/2026 04:41 PM

Helios Photovoltaic Eyes 33 Mln Euros IPO On Frankfurt Stock Exchange

KUALA LUMPUR, April 7 (Bernama) -- Helios Photovoltaic Sdn Bhd, en route to a listing on the Frankfurt Stock Exchange in Germany, aims to raise 33 million euros (1 euro = RM4.64) from its initial public offering (IPO). 

Helios Photovoltaic is a renewable energy (RE) and infrastructure company which focuses on developing scalable clean energy platforms and investment solutions across Asia and Europe. 

Its chairman, Datuk Seri Ibrahim Muhammad said the company is expected to be listed on the exchange in May.

"We are pleased to appoint SMC Investment Bank AG as our listing bank, supporting the structuring and execution of the listing. 

"The proceeds (from the IPO exercise) will be used to support the development and expansion of solar projects across Europe and Asia, including Germany, Malaysia, Singapore and Cambodia," he told a press conference after the signing ceremony between Helios Photovoltaic and SMC Investment Bank AG, here today. 

Helios Photovoltaic chief operating officer Datuk Dr Zuraidi Ishak said the company has completed three major projects for the government in Sarawak, including a three-phase hybrid solar plant in a remote area of the state. 

He said the company is in the midst of discussions with Cambodian authorities regarding solar industrial parks in the country, while also engaging with the Kota Kinabalu International Industrial Park in Sabah on plans to develop a solar park and a green industrial park.

The company has also unveiled its solar park, wildlife safari conservation and resort project to be built in Kelantan, with a total estimated development value of RM5.5 billion. 

Ibrahim said the project comprises 1,000 megawatt peak (MWp) solar photovoltaic (PV) capacity with 1,600 megawatt hour (MWh) battery energy storage system (BESS), and will be built on approximately 1,214.05 hectares, with targeted commercial operation in 2028 or 2029.

He said the project is designed as a scalable platform that combines RE generation with long-term investment participations, developed under Malaysia's Corporate Renewable Energy Supply Scheme (CRESS), enabling companies to directly participate in and access RE through structured arrangements. 

"Through our proprietary Zero Net Energy Blocks concept, corporates and investors can participate starting from as low as 1 MW without the need to build or operate the infrastructure themselves. 

"All facilities, including the resorts, will be powered by 100 per cent clean energy from the solar park," he said.

Zuraidi said the company is currently involved in a series of discussions with potential investors from international companies, mostly from China and Europe, to raise the funds for the project. 

"We hope that we can conclude (the potential investors) by the middle of this year," he said. 

-- BERNAMA

 

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