Charlie Chow Kian Hung

Executive Director and COO, Sunview Group Berhad

Sunview Group Berhad (“Sunview”) has grown exponentially from a small solar photovoltaic (“PV”) rooftop player to what we are today.

Conversation Highlights

Good working partnership with our stakeholders is important as Sunview has a sizable unbilled order book of RM687.3 million as of February 2023.

Sunview has always placed its focus on panel efficiency and performance optimisation when it comes to procurement of solar PV panels

The Malaysian government has set sights on ensuring that 31% of the national installed capacity mix is from renewable energy by 2025 and 40% by 2035

KINDLY BRIEF OUR READERS ABOUT THE SERVICES YOUR COMPANY OFFERS.

Established since 2013, Sunview Group Berhad (“Sunview”) has grown exponentially from a small solar photovoltaic (“PV”) rooftop player to what we are today. At Sunview, we aim to become an integrated renewable energy solutions provider through the services provided by our subsidiaries These include engineering, procurement, construction and commission of solar PV facilities, solar PV construction and installation, solar power generation and supply, as well as associated services and products

Recently, we ventured into the field of bioenergy through the acquisition of Provectus Bioenergy which in line with our growth strategy, as disclosed in the IPO prospectus

PLEASE TELL US ABOUT YOUR EXPERIENCE MANAGING LARGE-SCALE SOLAR (“LSS”) PROJECTS, AND HOW YOU ENSURE THEY ARE COMPLETED ON TIME AND WITHIN BUDGET

We began our journey into the solar industry through subcontracting work and eventually grew to become an EPCC player

Sunview has completed hundreds of projects since inception Our experienced technical team ensures that the entire construction process is well-planned. This includes the preparation of a detailed working timeline on daily and weekly basis to monitor the construction progress Through our subcontracting capabilities and experienced technical team, we are able to apply our expertise in system design and cost optimisation to ensure that projects are completed on time and within budget

HOW DO YOU COLLABORATE WITH OTHER KEY STAKEHOLDERS IN THE SOLAR INDUSTRY, SUCH AS EQUIPMENT MANUFACTURERS TO ENSURE PROJECT SUCCESS?

Sunview has always strived to deliver the best services and products to its customers. For instance, we only procure solar panels from the top five solar PV panel manufacturers recognised by Bloomberg to maintain the quality of our systems

Good working partnership with our stakeholders is important as Sunview has a sizable unbilled order book of RM687 3 million as of February 2023 Delivery of the project is key, therefore we work closely with the solar PV manufacturers to ensure our requirements are met, and to explore new technologies that may improve our system quality and efficiency

WHAT ARE SOME TECHNICAL FACTORS AND CRITERIA YOU CONSIDER DURING THE PROCUREMENT OF PRODUCTS FOR YOUR PROJECTS?

Sunview has always placed its focus on panel efficiency and performance optimisation when it comes to procurement of solar PV panels We also consider the actual output produced from solar panels under real-world operating conditions, the warranty terms and long-term return on investments These considerations help optimise solar performance in the long run

In addition, strong sales and technical support from the supplier is a plus point where we can ensure the logistics are well managed with on time delivery.

FINALLY, HOW DO YOU SEE THE SOUTHEAST ASIA SOLAR MARKET EVOLVING THIS YEAR?

According to Malaysia Renewable Energy Roadmap, members of Association of Southeast Asian Nations (“ASEAN”) aim to achieve a 30-40% share of renewables for their installed capacity within 2030 to 2050 In order to achieve the said commitment above, ASEAN countries have developed their respective renewable energy policies to increase the renewable energy adoption rates

The Malaysian government has set sights on ensuring that 31% of the national installed capacity mix is from renewable energy by 2025 and 40% by 2035 With that, government driven programmes such as virtual power purchase agreement, large scale solar and net energy metering were introduced to support the government’s ambition

Overall, we remain positive with ASEAN’s solar market this year with the increasing awareness for environmental, social and governance among the industry players along with government’s support for the push of renewable energy

Morgan Stanley Capital International (MSCI), one of the world's leading investment research firms, recently published the Environmental, Social, and Governance (ESG) rating results In recognition of its excellence in ESG performance, GoodWe Technologies Co , Ltd (hereinafter referred to as “GoodWe” or the “Company”, Stock Code: 688390 SH), has been upgraded to BBB from BB, which demonstrates the Company’s continuous improvement and commitment to ESG practices and shows its deep-rooted sustainability mindset carports and versatile building-integrated photovoltaics (BIPV) materials that are integrated with its solar-storage-charging system

Beyond this, GoodWe has joined the United Nations Global Compact (UN Global Compact) and pledged to support the ten principles of the UN Global Compact in human rights, labor, environment, and anti-corruption, to actively contribute to the realization of the UN Sustainable Development Goals

In 2022, GoodWe released its inaugural Corporate Social Responsibility (CSR) report. Developed in collaboration with EY, this report chronicles the various practices the Company has undertaken to achieve sustainable development and further helps GoodWe identify any aspects and sectors that need more efforts and investment to improve its overall ESG performance In the same year, GoodWe was awarded a Silver Medal by EcoVadis, in recognition of its continued commitment to improving sustainability across its global business operations

MSCI ESG Research provides ESG Ratings to measure a company’s resilience to long-term, financially relevant ESG risks and opportunities, according to exposure to industry-specific ESG risks and the ability to manage those risks relative to peers MSCI’s ESG ratings reports may offer insights to institutional investors to mitigate risks and enhance long-term value creation

GoodWe receives this recognition thanks to its strategic perspective of vision and foresight in sustainability and the Company’s good management practices in cutting carbon footprint to better fulfill the goal of carbon neutrality Notably, GoodWe’s commitment to sustainability has been continuously embedded into its operations as well as its product offering, which speaks volumes about the Company’s advance in ESG management

As a world-leading smart energy solution provider, GoodWe not only provides quality products and services that facilitate its customers to lower their energy costs while reducing carbon emissions, but also ensures that its products follows eco-friendly and green processes The Company has also adopted green

“We are really delighted to receive this triple B assessment from MSCI’S ESG rating, which justifies our confidence and motivates us to further improve ESG-related practices and continue to focus on sustainable development strategies,” said Daniel Huang, CEO & founder of GoodWe “Going forward, we will remain our commitment to harnessing smart tech to drive the global energy transition, thus creating more value for our customers, employees, shareholders, and society ”

About Goodwe

GoodWe is a world-leading PV inverter and energy storage solutions manufacturer and is listed as a public limited company on the Shanghai Stock Exchange (Stock Code: 688390) With an accumulative delivery of more than two million inverters and installation of 35 GW in more than 100 countries and regions, GoodWe solar inverters have been used in residential and commercial rooftops, industrial and utility scale systems and range from 0 7kW to 250kW GoodWe has more than 4,000 employees situated in over 20 different countries and is regarded as the Global Top 3 storage inverter supplier by Wood Mackenzie in 2021 For more information, please visit goodwe com