OpenSys’ buySolar platform gains traction among industry players

OpenSys (M) Berhad (OpenSys), a solutions provider for the financial services, telecommunications, and utilities industries hasannounced that its dedicated online solar energy platform buySolar has gained traction among industry players.

OpenSys signed a collaborative agreement with engineering, procurement, construction, and commissioning (EPCC) provider Solarvest Energy Sdn Bhd, a subsidiary of Solarvest Holdings Berhad (Solarvest). The EPCC partner would design the solar system as per customers’ premises, apply for necessary licenses, procure products, construct, test, and commission the solar panels.

Solarvest will further expand the offerings and improve the ecosystem of the buySolar platform, enabling users to connect with various industry leaders. The buySolar platform targets 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. 

Davis Chong Chun Shiong, the Group Chief Executive Officer of Solarvest commented, “It is encouraging to witness the evolution of the solar industry with increasingly more technology being integrated across the value chain. The buySolar platform will be a catalyst for us to expand our market reach as it enables us to connect with potential customers and more solar specialists. 

We believe that it is paramount for market players to work together across the value chain to expand and elevate the domestic solar ecosystem to the next level. While Malaysia has been one of the thriving solar markets in Southeast Asia, there is still more room for growth in meeting the government’s 20 percent renewable energy mix target by 2025.”

“Since buySolar’s launch in February 2020, we’ve noted the encouraging response from both individual homeowners and organisations, who make up 80 percent and 20 percent of enquiries respectively. 

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. 

We are heartened to play a role in catalysing the nation’s goal of achieving 20 percent renewable energy target by 2025,” said Luke Sebastian, Chief Operating Officer of OpenSys Technologies Sdn Bhd.

Additionally, Luke further highlighted Putrajaya’s tax incentives extension for utilising solar energy to 2023 in the previous Budget, and he hopes that the Government will implement something similar to encourage household adoption of solar panels. 

“We hope that more incentives will be introduced in the upcoming Budget 2021 to entice individual households to adopt renewable energy as a source of power to not only protect the environment but also promote a sustainable and long-lasting alternative method to produce energy going forward,” Luke added.

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