Solarvest to harness power of OpenSys’ online platform buySolar

02 Nov 2020 / 23:21 H.

PETALING JAYA: OpenSys (M) Bhd’s subsidiary OpenSys Technologies Sdn Bhd has signed a collaborative agreement with engineering, procurement, construction and commissioning (EPCC) provider Solarvest Energy Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, whereby OpenSys Technologies will provide solar solutions referral to Solarvest via its buySolar marketplace.

The buySolar platform aims to be the leading end-to-end marketplace for solar installation services, from online application, procurement and financing to online monitoring maintenance and after-sales services.

EPCC partner Solarvest Energy would design the solar system as per customers’ premises, apply for necessary licenses, procure products, construct, test and commission the solar panels.

Solarvest has made its mark and built an extensive track record of solar projects across the residential, commercial and industrial, as well as large-scale solar segments.

The entry of an industry leader such as Solarvest further expands the offerings and improves the ecosystem of OpenSys’ online solar energy platform buySolar, enabling users to connect with various industry leaders.

OpenSys Technologies COO Luke Sebastian said the additions of prominent solar energy EPCC providers as well as financial partners increase the competitiveness of buySolar, and benefits potential customers as they have a wider selection of options to match their needs and requirements.

“Expanding the industry player base further simplifies the process for consumers, as it promotes choice and customisation in helping consumers adopt solar solutions and financing options. We want to enable every user to harness solar energy.

“Our goal is to continue making buySolar a more vibrant platform, and we aim to register 10 service providers, banking and insurance partners by December 2020, as we hope to make buySolar the leading dedicated online marketplace for solar panel and solar-related services in Malaysia. We are heartened to play a role in catalysing the nation’s goal of achieving 20% renewable energy target by 2025.”

The buySolar platform initiative is supported by Sustainable Energy Development Authority Malaysia, an authorised government body in implementing the feed-in tariff as well as net energy metering programmes.

Along with GSPARX Sdn Bhd (a subsidiary of TNB and a registered solar photovoltaic investor that provides end to end solutions from consultation, installation, maintenance, and monitoring), CIMB Bank Bhd and CIMB Islamic Bank Bhd who onboarded since the launch of the platform in February 2020, buySolar now has a total of five industry players on the online platform and is in discussions with several EPCC and financing providers.

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