Sunview Group Berhad secures a funding facility of up to RM58.9 million for the development of a large solar photovoltaic plant in Kuala Langat.
Sunview, in a filing to Bursa Malaysia, said that its wholly owned subsidiary, Fabulous Sunview Sdn Bhd had accepted the loan from United Overseas Bank (M) Bhd.
The development of Large Scale Solar Photovoltaic Plant of 26 MWac located at Mukim Tanjung Dua Belas, Daerah Kuala Langat, Selangor.
The company said that the facilities would contribute to Sunview’s earnings once they were used to generate future revenue for the company.
Fabulous Sunview and Kulim Technology Park Corp Sdn Bhd partnered in March to develop large-scale rooftop solar PV projects within the Kulim Hi-Tech Park.