In a significant development within the renewable energy sector, Sunview, a prominent player engaged in engineering, procurement, construction, and commissioning activities, has announced its subsidiary’s entry into a shareholder’s agreement with DPS Resources Berhad (DPSRB). The agreement entails Sunview Asset Management Sdn Bhd subscribing to a 40% stake in DPS Sunview Sdn Bhd (DPS), with DPSRB securing the majority stake of 60%.
The signing ceremony, held at DPSRB’s office in Malacca, saw the formalization of the agreement by Sunview’s Executive Director & Chief Executive Officer, HP Ong, DPSRB’s Executive Chairman Tan Sri (Dr) Sow Chin Chuan, and DPS Director Mr. Eugene Sow Chuan Sheng.
Under the agreement, the collaboration aims to undertake and develop a proposed 50MWac rooftop solar photovoltaic project (DPS Solar Project). Sunview is designated as the first priority for selection in the engineering, procurement, and construction contract for the DPS Solar Project. Additionally, DPS Sunview is set to procure operation and maintenance services from Sunview for its DPS Solar Project.
DPSRB, a publicly listed company on the Main Market of Bursa Malaysia Securities Berhad, primarily operates in investment holding.
Commenting on the collaboration, Mr. HP Ong expressed enthusiasm, stating, “We are thrilled to announce our collaboration with DPS to capitalize on the emerging opportunities within the solar energy industry. With the increased adoption of solar energy in the region, it is a fantastic opportunity and right timing for the Group to form a synergy with a reputable local company. By leveraging on each other’s expertise and accessibilities, we look forward to a fruitful outcome in the future. We are optimistic this collaboration will further fortify our position in the industry.”
This collaboration underscores the strategic alignment between Sunview and DPSRB in leveraging their respective strengths to advance solar energy projects, contributing to the sustainable development of renewable energy infrastructure in the region.