Malaysian sustainable energy solutions provider Sunview Group Berhad, has partnered lender UOB Malaysia to provide installation and management services of solar power systems for local businesses and consumers in Malaysia.

Sunview said in a statement on Monday that its wholly-owned subsidiary Fabulous Sunview Sdn Bhd has signed the agreement with UOB Malaysia for the partnership.

According to the statement, Sunview, who is a prominent renewable energy player involved in the engineering, procurement, construction and commissioning (EPCC) and other related activities, now joins the bank’s U-Solar program as its tenth engineering, procurement, construction and commissioning (EPCC) partner.

Under the agreement, Sunview will provide services in the development, planning, procurement, as well as construction and maintenance of solar photovoltaic (PV) system for commercial, industrial, residential and large scale solar (LSS) projects.

UOB Malaysia will in turn provide Sunview with financing to complete the projects, as well supply chain support including access to U-Solar’s ecosystem of equipment suppliers.

In addition, Sunview’s customers will also be able to obtain end user financing options when acquiring Sunview’s products and/or services.

“We are delighted to join UOB Malaysia’s U-Solar programme as its tenth EPCC partner,

“This strategic partnership serves as a testament to our established track record and promising growth prospect,” Sunview Executive Director and Chief Executive Officer HP Ong said.

He is confident that the partnership will enhance the firm’s financial capacity for its operations activities and market expansions.

“Moreover, it benefits our customers by providing end-user financing options,” he said.

Given the recent surge in activities in the solar industry due to newly introduced schemes and policies, he is optimistic that this partnership will strategically position us to seize the upcoming opportunities.

“Thus, we look forward to a fruitful collaboration with UOB, leveraging on these facilities to further reinforce our position within the solar industry,” he added.

It is noted that Sunview began its banking relationship with UOB Malaysia when the group secured financing to complete two solar PV development projects under the government’s LSS contracts in Pendang, Kedah and Kuala Langat, Selangor, respectively.

By becoming part of U-Solar ecosystem partners, the group will now enjoy better payment terms when they purchase from the U-Solar’s approved equipment suppliers apart from green financing for a smoother financial supply chain management.

“We are pleased to expand our relationship with Sunview, now it has become U-Solar’s 10th EPCC partner. We expanded U-Solar to address cash flow issues and working capital gaps for developers and contractors who typically have longer projects receivable terms and may face short payment terms from equipment suppliers,

“Sunview will now be able to finance the purchase of equipment and work on multiple solar projects simultaneously, and speeding up the rate of solar adoption for the country to reach its net zero ambitions,” UOB Malaysia Managing Director and Country Head of Commercial Banking Beh Wee Khee said.

Sunview through its subsidiaries is principally involved in the EPCC of PV facilities.

The facilities are for large scale solar projects, industrial, commercial, and residential buildings, solar PV and installation services, solar power generation and supply as well as associated products and services to complement the group’s core services.

Sunview is registered under Sustainable Energy Development Authority Malaysia as a solar service provider and solar PV investor, certified contractor of Tenaga Nasional Berhad, electrical contractor and energy service company under Suruhanjaya Tenaga and a G7 contractor of the Industry Development Board.

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