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Green technology

AmBank Group Grants RM70 Million Financing Facilities to Sunview Group for Solar Power Plant Project

Strategic Insights

— 1 min read

AmBank Group, a leading financial services group, has approved RM70 million financing facilities to Sunview Group for the construction of a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah. The project, valued at RM 98,287,700.00, will be executed by Fabulous Sunview Sdn Bhd, a wholly owned subsidiary of Sunview Group. This initiative aligns with the Corporate Green Power Programme (CGPP) launched by the Energy Commission of Malaysia to accelerate corporate participation in renewable energy.

Key Takeaways:

  • AmBank Group has granted financing facilities worth RM70 million to Sunview Group for the Dayasinar CGPP Project, a 29.99MWac ground-mounted photovoltaic solar power plant in Sungai Petani, Kuala Muda, Kedah.
  • The project, valued at RM 98,287,700.00, will be executed by Fabulous Sunview Sdn Bhd, a wholly owned subsidiary of Sunview Group, and includes design, procurement, erection, connection, commissioning, and testing of the solar power plant.
  • Sunview Group is a leading provider of end-to-end engineering, procurement, construction, and commissioning services for solar PV systems in Malaysia, offering solar construction, installation, power generation, and associated products.
  • The project supports the Corporate Green Power Programme (CGPP) launched by the Energy Commission of Malaysia to accelerate corporate participation in renewable energy.
  • AmBank Group's Managing Director, Business Banking, Christopher Yap expressed the bank's commitment to strengthening its contribution to Malaysia's renewable energy ecosystem by exploring potential financing opportunities in upcoming government programmes.
  • Sunview Group's Group Executive Director & Group Chief Executive Officer, HP Ong, thanked AmBank for placing its trust in Sunview, stating that the financing facilities play an important role in supporting the rollout of the solar project under the CGPP scheme.

Statistics:

  • RM70 million: The amount of financing facilities granted by AmBank Group to Sunview Group for the Dayasinar CGPP Project.
  • RM 98,287,700.00: The total value of the project, including design, procurement, erection, connection, commissioning, and testing of the solar power plant.
  • 29.99MWac: The capacity of the ground-mounted photovoltaic solar power plant to be constructed in Sungai Petani, Kuala Muda, Kedah.
  • 3 million: The number of customers served by AmBank Group.
  • 8,000: The number of people employed by AmBank Group.
  • RM13 billion: The market capitalisation of AmBank Group as at 31 March 2024.

Sources:

  • AmBank Group
  • Contify.com
  • AmBank Group
  • Sunview Group Berhad

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