OpenSys Technologies Sdn. Bhd. (“OpenSys Technologies”), a subsidiary of OpenSys (M) Bhd.
has today launched buySolar,
Malaysia’s first one-stop online marketplace at Sheraton PJ. This online
platform is aimed at empowering both consumers and business customers by
providing them with the freedom to choose the solar products with the best
financing options, as well as to facilitate the end-user market with the
services offered by the key solar energy stakeholders.
The launch was
officially graced by a few key stakeholders, and is supported by Sustainable Energy Development Authority (SEDA)
Malaysia, an authorised government body in implementing the Feed-in Tariff
(FiT) as well as Net Energy Metering (NEM) programmes; GSPARX Sdn. Bhd. (a subsidiary of TNB and a registered solar
photovoltaic investor that provides end to end solutions from consultation,
installation, maintenance, and monitoring), which will oversee solar
quotations, to ensure the best value is provided to the consumers and
businesses; TNBX Sdn. Bhd., a
wholly-owned subsidiary of Tenaga Nasional Berhad (“TNB”) which offers the
Supply Agreement for Renewable Energy (SARE) scheme and provides contracting,
metering, billing, collection, disconnection and customer management for asset
owners and investors; as well as CIMB
Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”)
[collectively “CIMB”] as the financier to provide financing options
specifically for solar energy, in the form of green loans.
The buySolar platform
provides end-to-end solar installation services, which include online status of
application, cost estimation, solar installer selection, standardised
quotation, financing, online monitoring maintenance and after-sales services.
Upon choosing the solar supplier, customers can request for a quotation and opt
for financing options from different banks. Users can also track their
processes onsite and view their equipment performance on their dashboard. Aside
from that, the platform also features a built-in chat that allows end-users to
speak to solar providers directly.
“Sourcing for reliable
solar panel installers and getting the right financing option can be
challenging for Malaysian customers because of the complexity of the process
and lack of awareness of the trusted financing partner,” said Luke Sebastian,
Chief Operating Officer of OpenSys Technologies. “The objective of buySolar
platform serves to consolidate all the processes, which includes the buying,
installing, and servicing the panels, making it a one-stop solution which is
easy for Malaysians to utilise renewable energy in their everyday lives and
businesses.”
“Technology is the
tool to bridge various stakeholders’ solutions to achieve the objective of this
initiative. As laid out by the government to achieve the 20% renewable energy
target by 2025, we believe by developing buySolar, this helps to bring
transformative impact of emerging technologies such as Internet of Things
(IoT), Big Data, eBusiness marketplace to the industry.” added Luke.
The launch of
buySolar is timely as the Malaysian government is now set to maximise the
potential of its green industry and renewable energy sector in 2020, in order
to attain its objective of becoming Southeast Asia’s green technology hub in
the near future.[1]
“SEDA Malaysia has
been continuously promoting various programmes such as Feed-in Tariff (FiT) and
the enhanced NEM programme (NEM 2.0) to support the Government’s aspiration of
achieving 20% renewable energy target in the electricity mix by 2025,” said
YBrs. Ir. Dr. Sanjayan Velautham, Chief Executive Officer of SEDA Malaysia.
“Recently, SEDA Malaysia introduced a pilot run of a peer-to-peer energy
trading programme to explore alternate programmes that could increase the
renewable energy uptake in Malaysia. The launch of a solar solutions
marketplace such as buySolar is a great indication of support to bolster the
renewable energy industry in Malaysia and in facilitating more Malaysians to
participate in using renewable energy,” he added.
“CIMB’s involvement
as an official financier on the buySolar platform represents our support for
Bank Negara’s Value-based Intermediation concept as well as CIMB Group’s
sustainability pivot. To that end, CIMB is pleased to be the official financier
for the buySolar platform and we have, in fact, allocated RM100 million for
renewable energy financing. CIMB’s financing – from as low as RM20,000 to RM1
million – covers 100% of the cost of acquiring and installing renewable energy
technology. This collaboration also feeds into CIMB Group’s commitment to
UNEP-FI’s Principles for Responsible Banking, and initiatives with positive
Environmental, Economic and Social (EES) impact in our society,” said En. Ahmad
Shahriman Mohd Shariff, CEO of Group Islamic Banking, CIMB Group and CEO of
CIMB Islamic Bank Berhad.
The new buySolar
marketplace was specially designed to be a hassle-free, one-stop services
platform that provides customers access to the best value options. As the solar
providers are carefully selected by OpenSys Technologies, customers can have
their mind at ease on the quality of products and services. Not only is
buySolar user-friendly, it also helps customers to optimise their savings with
quality after-sales services. By installing solar panels, customers can reap
the benefits of energy savings that could potentially range from 54% to 87%,
depending on the amount of energy used and the size of the rooftop.
For more
information on the new buySolar marketplace, please visit www.buysolar.my
OpenSys (M) Bhd (KLSE: OPENSYS - 0040) is a
public-listed company in ACE Market with Bursa Malaysia. It is a leading
solutions provider for the financial services, telecommunications and utilities
industries. OpenSys provides total assisted-service and self-service solutions
together with comprehensive professional and support services to these
industries. OpenSys also provides end-to-end managed services outsourcing,
particularly for self-service terminals, bill payment kiosks and back-office
cheque processing services. Its customer base includes mainly blue-chip
companies such as AEON Credit, Alliance Bank, AmBank, Bank Islam, Bank Simpanan
Nasional, CIMB Bank, Hong Leong Bank, Maybank, Public Bank, RHB Bank, Standard
Chartered Bank, UOB, Celcom, Maxis, TNB, TM, Sabah Electricity and Sarawak
Energy.
About OpenSys
Technologies Sdn. Bhd
OpenSys Technologies Sdn Bhd, a subsidiary of OpenSys
(M) Bhd started operations in July 2018 with the aim of expanding OpenSys
Group’s business into emerging technologies in the Fourth Industrial Revolution
(IR 4.0). OpenSys Technologies combines advanced technologies with a start-up’s
culture and ways of working to create business-building capabilities by
employing the transformative impact of Internet of Things (IoT), Big data,
Fintech and eBusiness Marketplace. OpenSys Technologies has successfully
developed innovative solutions that revolutionise specific industries such as:
●
buySolar – A one stop Fintech marketplace for renewable
energy with a focus on solar solutions and financing
●
IMoT – Intelligent Manager of Things, an IoT and big data
monitoring and management services platform for intelligent devices
●
SmartCIT – A reinvented secure logistics platform driven by
IoT and digital security technologies
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