The clean energy specialist has launched Malaysia’s first renewable energy financial technology (fintech) platform, which is complementary to its solar financing solution – Powervest.
Powervest, which was established in 2021, promotes renewable energy adoption among commercial and industrial players via its zero initial cash outlay proposition, with the aim of further improving the service comprehensiveness, making the switch to clean energy a hassle-free experience.
This fintech platform targets to create a completely digitalized experience for its clients, enabling a seamless onboarding process. Some of the key features include credit health analysis and the provision of renewable energy financing
solutions.
It offers free credit health reports to prospective clients with unlimited submissions. Through this automated application function, clients can expect to obtain the reports instantaneously once the relevant documents are uploaded. Following that, they will receive tailored-made renewable energy (RE) proposals which include financing models based on the respective credit health report obtained.
“We believe that the renewable energy industry can only improve if we continuously seek to develop its supporting ecosystem. As one of the market leaders, it is our responsibility to inspire advancement and push the innovation frontier of the sector. The launch of the fintech platform today is yet another example of that and an important step forward for the industry,” Executive Director and Group Chief Executive Officer of Solarvest, Mr. Davis Chong Chun Shiong said,
“Under Powervest, we have made good progress when it comes to encouraging more commercial and industrial players to participate in this clean energy transition,” he added.
“Not resting on our laurels, we want to continue to make the process easier for businesses by reducing friction in the customer experience. With an integrated platform capable f handling all processes from credit health checks to generating RE proposals, we are positive that the renewable energy adoption rate will see bigger leaps moving forward,” he concluded.
