Sunview Group Berhad has announced that its indirect wholly owned subsidiary, SAM 2 Sdn. Bhd., has accepted banking facilities worth RM170 million from Bank Kerjasama Rakyat Malaysia Berhad to support the development of a solar photovoltaic project.
The financing package, accepted on March 25, 2026, comprises Term Financing-i 1 (RM63 million), Term Financing-i 2 (RM62 million), and Bank Guarantee-i (RM45 million), bringing the total facility amount to RM170 million.
The funds will be primarily utilised to finance the acquisition and construction of a 50MW solar photovoltaic plant located in Pahang. Term Financing-i 1 will cover up to 90% of the acquisition cost of the project, while Term Financing-i 2 will support up to 85.57% of the construction costs required to complete the solar facility. The Bank Guarantee facility will be used to issue a performance guarantee in favour of Tenaga Nasional Berhad.
The financing tenure for the term facilities is set at 15 years, including a 24-month grace period from the first disbursement, and remains subject to annual review by the bank. The Bank Guarantee tenure will align with the contractual obligations of the project.
From a financial standpoint, Sunview stated that the facilities are not expected to impact its issued share capital or shareholder structure, as no new shares will be issued. However, the company’s debt-to-equity ratio is projected to increase from 1.82 times to 3.54 times following the utilisation of the facilities.
Despite the increase in leverage, the company expects the financing to contribute positively to future earnings as the solar project becomes operational and begins generating revenue.
The Board of Directors of Sunview confirmed that none of its directors or major shareholders have any direct or indirect interest in the facilities and emphasized that the acceptance of the financing is in the best interest of the group.
The development marks a significant step in Sunview’s ongoing expansion in the renewable energy sector, reinforcing its commitment to solar project development in Malaysia.
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