Sunview Group Berhad, through its wholly-owned subsidiary, Fabulous Sunview Sdn Bhd, has announced a significant partnership with UOB Malaysia. This collaboration is focused on providing installation and management services for solar power systems to local businesses and consumers.
Sunview, a prominent player in the renewable energy sector engaged in engineering, procurement, construction, and commissioning (EPCC) activities, has joined UOB Malaysia’s U-Solar program as its 10th EPCC partner.
Under this agreement, Sunview will offer a range of services, including the development, planning, procurement, construction, and maintenance of solar photovoltaic (PV) systems. These services will cater to commercial, industrial, residential, and large-scale solar (LSS) projects. UOB Malaysia will provide financial support to Sunview for project completion, as well as supply chain assistance, including access to U-Solar’s equipment supplier network. Additionally, Sunview’s customers will have the option to obtain end-user financing for their purchases of Sunview’s products and services.
HP Ong, the Executive Director & Chief Executive Officer of Sunview, expressed excitement about this partnership, highlighting its potential to enhance their financial capacity for operational activities and market expansion. Ong also emphasized the benefits for customers, who will now have access to end-user financing options.
The recent surge in activity in the solar industry, driven by new schemes and policies, positions this partnership to capitalize on upcoming opportunities. Sunview’s collaboration with UOB is seen as strategic, reinforcing its position in the solar industry.
Sunview initially established its banking relationship with UOB Malaysia when it secured financing for two solar PV development projects under the government’s LSS contracts in Pendang, Kedah, and Kuala Langat, Selangor. By becoming a part of U-Solar’s ecosystem of partners, Sunview anticipates better payment terms with approved equipment suppliers and access to green financing, streamlining its financial supply chain management.
Beh Wee Khee, Managing Director and Country Head of Commercial Banking at UOB Malaysia expressed satisfaction in expanding their relationship with Sunview as the 10th EPCC partner in the U-Solar program. This expansion aims to address cash flow and working capital challenges faced by developers and contractors, particularly in terms of longer project receivable terms and shorter payment terms from equipment suppliers. The partnership with Sunview will enable them to finance equipment purchases and work on multiple solar projects concurrently, accelerating the adoption of solar energy in the country towards achieving net-zero ambitions.