Plus Solar records RM 150 million revenue mark

Renewable energy solution provider, Plus Solar has achieved a RM 150 million revenue for its financial year ending March 2020.

The achievement marks an over 200 percent jump in the revenue by the company, compared to its FYE 2019 which recorded RM 64 million.

“An increase in awareness notably from manufacturers saw many adopting solar energy as they realised cost savings that would ultimately translate to better cash flow. 

“We have also worked closely with financial institutions to offer attractive repayment schemes so it makes good business and financial sense for corporations to adopt clean energy,” said Ko Chuan Zhen, chief executive officer and co-founder of Plus Solar.

The execution of a large scale solar (LSS) project had contributed 50 percent to the revenue growth.

LSS projects completed by Plus Solar are able to power up 3,570,742 homes per year for over a period of 21 years, while reducing the level of CO2 emissions to 37,171.58 tC02e per year.

CEO and Founder of Plus Solar Ko Chuan Zhen

“As businesses struggle to keep afloat – the main concern will be on sustaining their top line; revenue and sales. While they may not be able to control the volatility within their respective industries, they must look at cutting the bottom line – expenses.

“This is something that businesses should begin to rethink. Electricity remains a top three expense for many businesses. Here, solar energy has proven to be a real contributor to cost efficient savings where investments can be recouped in 3-4 years whilst shaving off up to 50 percent of operational costs,” says Ko. 

“Many business owners cannot grasp the ROI on solar solutions, and this is where we are happy to speak to them to educate and share both the technicalities of solar for their business and its returns, as well as affordable financial packages – so they too can gain access to reducing their bottom line,” he added. 



Please enter your comment!
Please enter your name here

Latest News

Penang Government advocates talents to explore various high-quality job opportunities in the State

Penang’s strong talent pool has long been a key driver in the state’s success in attracting strategic investments, especially in selected niche...

Bursa Malaysia named ‘Best Stock Exchange for Islamic Listings’ at 14th Annual IFN Services Providers Poll

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) has been named by Islamic Finance News (“IFN”) at the recent 14th Annual IFN...

Petronas Dagangan Berhad becomes first LNG solution provider for off-grid customers in Peninsular Malaysia

Following the launch of the Virtual Pipeline System (VPS) solution via the Regasification Terminal (RGT) in Pengerang, Johor, Petronas Dagangan Berhad (PDB)...

Huawei Malaysia signs MoU with Serba Dinamik to establish Smart Campuses in Malaysia

Huawei Technologies (Malaysia) Sdn. Bhd. (Huawei) and Serba Dinamik Group Berhad (Serba Dinamik) have teamed up to explore and develop innovative digital...

Shopee finds demand for premium and branded segment multiplied by over 300 times since 2015

E-commerce platform, Shopee has seen growing confidence and comfort in purchasing premium and branded items priced RM3,000 and above in addition to...

Must read

Affordable rent-to-own scheme for the youth of B40

By Sofea Azahar, In addressing the issue of housing affordability and ownership within the youth in low-income group...

The pandemic push to pivot: The reality of a renewable energy leader

By Ko Chuan Zhen, Chief Executive Officer & Co Founder of Plus Solar, The pandemic was an acid test...

Empowering Malaysians to become informed investors one app at a time

With a goal to build 500 applications that focuses on enabling action, Reactive Labs, co-founded by George and Riza, aims to go...

Bigo Live: A growing sensation in an industry with a big appetite

The live-streaming industry has seen a massive growth in years. From the likes of Vimeo to Facebook Live, the industry has grown...