OPENSYS, SEDA, GSPARX, TNBX AND CIMB JOINTLY LAUNCHED BUYSOLAR, MALAYSIA’S 1ST ONLINE MARKETPLACE FOR SOLAR PRODUCTS AND SERVICES, TARGETING TO ACHIEVE 20% RENEWABLE ENERGY BY 2025

Published by Lavinesh @ 24/03/2020

Ir Nirinder Singh Johl, Managing Director of TNBX Sdn Bhd; En. Elmie Fairul Mashuri, Managing Director of GSPARX Sdn Bhd; Mr. Luke Sebastian, Chief Operating Officer of OpenSys Technologies Sdn. Bhd.; YBrs. Ir. Dr. Sanjayan Velautham, Chief Executive Officer of Sustainable Energy Development Authority (SEDA) Malaysia; En. Ahmad Shahriman Mohd Shariff, CEO of Group Islamic Banking, CIMB Group and CEO of CIMB Islamic Bank Berhad; En. Ahmad Shazli, Deputy CEO, Group Commercial Banking of CIMB Bank Berhad; Mr. K.J Balan Head of SME Banking, Group Commercial Banking, CIMB Bank Berhad; Mr. Eric Lim, Chief Executive Officer, OpenSys (M) Berhad; En. Hussam Sultan, Regional Head, Commercial and Transaction Banking, Group Islamic Banking, CIMB Islamic Bank Berhad; and Ms. Luanne Sieh, Head of Group Sustainability, Group Strategy and Design, CIMB Bank Berhad celebrating the launch of buySolar

 OpenSys Technologies Sdn Bhd together with Sustainable Energy Development Authority (SEDA) Malaysia, GSPARX Sdn Bhd, TNBX Sdn Bhd, and CIMB Bank Berhad have launched buySolar, Malaysia’s first one-stop online marketplace that allows consumers to choose the best 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.

Mr. Luke Sebastian, Chief Operating Officer of OpenSys Technologies Sdn. Bhd., YBrs. Ir. Dr. Sanjayan Velautham, Chief Executive Officer of Sustainable Energy Development Authority (SEDA) Malaysia and En. Ahmad Shahriman Mohd Shariff, CEO of Group Islamic Banking, CIMB Group and CEO of CIMB Islamic Bank Berhad officially launched buySolar.

The new buySolar marketplace was designed to be hassle-free and offers end-to-end solar installation services, financing, online monitoring maintenance, and after-sales services. 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. The launch of buySolar is timely as the Malaysian government is now set to maximize 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.

During the launch, Chief Operating Officer of OpenSys Technologies, Luke Sebastian said that “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 the transformative impact of emerging technologies such as the Internet of Things (IoT), Big Data, eBusiness marketplace to the industry.”

Mr. Luke Sebastian, Chief Operating Officer of OpenSys Technologies Sdn. Bhd

CIMB’s involvement as an official financier on the buySolar platform makes it easier for consumers of any financial background to purchase solar panels. En. Ahmad Shahriman Mohd Shariff, CEO of CIMB Islamic Bank Berhad said that "RM100 million has been allocated 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.". 

En. Ahmad Shahriman Mohd Shariff, CEO of Group Islamic Banking, CIMB Group and CEO of CIMB Islamic Bank Berhad speaking at the launch of buySolar