AmBank Group through AmBank Islamic Berhad (AmBank Islamic) has approved banking facilities to Fabulous Sunview Sdn Bhd (“FSSB”), a wholly owned subsidiary of Sunview Group Berhad (“Sunview Group”) amounting to RM70 million to part finance the construction of a 29.99MWac ground-mounted photovoltaic solar power plant located in Sungai Petani, Kuala Muda, Kedah awarded by Dayasinar Energy Sdn Bhd (the “Project”) under the Corporate Green Power Programme (CGPP), an initiative launched by the Energy Commission of Malaysia to accelerate corporate participation in renewable energy.
The Project with a contract amounting to RM 98,287,700.00 will be executed by FSSB where it includes design, procurement, erection, connection, commissioning and testing as well as supply of equipment for the construction of a ground mounted photovoltaic (“PV”) solar generation facility. Sunview Group has established itself as one of the leading providers of end-to-end engineering, procurement, construction, and commissioning (“EPCC”) services for solar PV systems in Malaysia, offering solar construction, installation, power generation, and associated products.
Christopher Yap, Managing Director, Business Banking, AmBank Group said, "We are pleased to support FSSB and Sunview Group in this initiative. Looking ahead, we remain committed to strengthening our contribution to Malaysia’s renewable energy ecosystem by exploring potential financing opportunities in upcoming government programmes.”
Sunview Group Berhad Group Executive Director & Group Chief Executive Officer HP Ong said, “We would like to extend our appreciation to AmBank for placing their trust in Sunview. The financing facilities provided play an important role in supporting the rollout of our solar project under the CGPP scheme. With this support, we are able to continue contributing to Malaysia’s energy transition and contribute to a greener and more sustainable future.”