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KUALA LUMPUR (Nov 2): OpenSys (M) Bhd said its dedicated online solar platform buySolar had gained traction among industry players.
On February 18 of this year, its subsidiary OpenSys Technologies Sdn Bhd launched buySolar, a unique online solar market platform aimed at empowering consumers with choice, to facilitate the end-user market with the services offered by key stakeholders. In solar energy.
OpenSys today signed a collaboration agreement with engineering, procurement, construction and commissioning (EPCC) provider Solarvest Energy Sdn Bhd, a subsidiary of Solarvest Holdings Bhd.
In a statement today, OpenSys said that the EPCC partner will design the solar system based on customer installations, apply for the necessary licenses, acquire products and build, test and commission solar panels.
He said Solarvest is a well-recognized brand in the solar industry that has made its mark and built an extensive track record of solar projects in the residential, commercial and industrial, as well as large-scale solar (LSS) segments.
OpenSys Technologies Chief Operating Officer (COO) Luke Sebastian said that since the launch of buySolar in February 2020, the firm had noticed an encouraging response from both individual homeowners and organizations, representing 80 % and 20% of inquiries, respectively.
He said that the additions of major EPCC solar energy providers, as well as financial partners, would increase buySolar’s competitiveness and benefit potential customers by providing a broader selection of options to meet their needs and requirements.
“Expanding the industry player base further simplifies the process for consumers by promoting choice and customization to help consumers adopt solar solutions and financing options. We want to allow all users to take advantage of solar energy.
“Our goal is to continue to make buySolar a more dynamic 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 panels and solar energy related services Malaysia.
“We are encouraged to play a role in catalyzing the nation’s goal of achieving the 20% renewable energy target by 2025,” he said.
Meanwhile, Solarvest Group Chief Executive Officer (CEO) Davis Chong Chun Shiong said that the buySolar platform would be a catalyst for the company to expand its market reach by enabling connections with potential customers and more solar energy specialists. .
“We believe that it is paramount that market players work together across the value chain to expand and elevate the home solar ecosystem to the next level.
“While Malaysia has been one of the thriving solar markets in Southeast Asia, there is still room for growth to meet the government’s 20% renewable energy mix target by 2025.
“More than four million buildings with potential for solar roofs remain unexploited and thousands of megawatts more of renewable energy [need] to meet to achieve the national goal.
He added that the outlook is bright.
As of 10.50am today, Opensys had lost 5.36% or three sen to 53 sen, valuing it at 236.82 million ringgit.
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