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.
“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.