PR Newswire
28 Mar 2023, 17:28 GMT+10
KUALA LUMPUR, Malaysia, March 28, 2023 /PRNewswire/ -- Antai Solar, the leading supplier of the whole industry chain in PV mounting system, has joined UOB (United Overseas Bank) Malaysia's U-Solar 2.0 as the first and sole solar mounting system supplier. The programme was launched to simplify access to sustainable financing for local solar engineering, procurement, construction and commissioning (EPCC) contractors and project developers.
U-Solar, which was launched in October 2019, is Asia's first integrated solar energy financing platform that powers the development and adoption of renewable energy across Southeast Asia. U-Solar 2.0 expands the program's offerings to industry players across the entire solar value chain, ensuring a smooth flow of financing with improved payment terms for solar contractors and developers. With Antai Solar's participation, U-Solar 2.0 will connect them to leading equipment suppliers across the region, covering from modules and inverters to solar mounting systems.
"This is designed to address cashflow issues and working capital gaps for developers and contractors who typically have longer projects receivable terms and may face short payment terms from equipment suppliers.
"With U-Solar 2.0, they will be able to finance the purchase of equipment and work on multiple solar projects simultaneously, speeding up the rate of solar adoption in the region," the bank added.
"As one of the approved equipment suppliers of U-Solar 2.0, our collaboration will allow us to connect with local solar contractors and developers seamlessly," said Vince Lim, Antai Solar Malaysia's country manager. "They will have access to financing and extended payment terms while being provided with our advanced solar mounting systems and solutions. This partnership will undoubtedly accelerate the growth of Malaysia's green sector, and we are excited to be a part of it."
Antai Solar holds a prominent position in Malaysia's solar market by offering top-notch racking and tracking systems for commercial and industrial (C&I) as well as utility-scale projects. Its expertise and industry experience make Antai Solar well-equipped to foster the proliferation of solar energy adoption in Malaysia. Additionally, Antai Solar intends to partner with UOB and other industry players in Thailand, Indonesia, and Singapore to drive sustainability initiatives in Southeast Asia and beyond, thereby benefiting its customers in the region.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationBANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
Chiang Mai [Thailand], July 1 (ANI): Aiming to extend their perfect run in Group B of the AFC Women's Asian Cup 2026 Qualifiers, the...
(250701) -- SURAKARTA, July 1, 2025 (Xinhua) -- Customers check the quality of rice at Pasar Legi market in Surakarta, Central Java,...
Mumbai (Maharashtra) [India], July 1 (ANI): Abhishek Bachchan has completed 25 remarkable years in the Indian film industry, firmly...
New Delhi [India], July 1 (ANI): Sixteen-year-old badminton star Tanvi Sharma has done India proud, as she was announced as the new...
Kabul [Afghanistan], July 1 (ANI): The United Nations Children's Fund (UNICEF) has reported that over 5,000 unaccompanied children...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....