Solarvest Holdings Berhad (Solarvest), a Malaysia-based clean energy firm, has partnered Malaysian fintech firm Finhero, to officially launch its Powervest solar financing program in Vietnam to support clean energy transition among Vietnamese businesses.

The launch represents a significant step in Solarvest’s regional expansion, Solarvest said in a statement on Tuesday.

It is noted that driven by the recent introduction of direct power purchase agreement (DPPA) framework, the demand for renewable energy solutions has surged significantly among Vietnamese businesses.

Many companies in Vietnam are turning to sustainable energy solutions for cost saving and to achieve sustainability goals.

However, the high upfront cost of solar photovoltaic (PV) systems remains the key barrier.

Solarvest’s Powervest program offers two key financing options – Powerflex and Powerlease – designed to address varying financial requirements for Vietnam businesses.

Powerflex provides flexible packages with zero upfront costs, allowing businesses to either fully own the solar photovoltaic (PV) system with 100 percent financing or co-own the asset with Solarvest through 50 percent financing.

Powerlease allows companies to lease solar PV systems and purchase the generated electricity at an agreed tariff, through DPPA model.

“Powervest provides a timely and practical solution to finance companies keen on adopting solar energy in Vietnam,

“The program offers tailored financial models designed to make clean energy more convenient, affordable, and accessible for all business sizes,” said Dang Khai Hoang, Business Development Director, Solarvest Vietnam.

According to him, Solarvest has successfully implemented this financing model in Malaysia, with over 600MW solar asset development pipeline.

“Leveraging this expertise, we are now extending its innovative financing solutions to support the growing renewable energy demands in Vietnam,” he added.

Solarvest, through its Vietnam entity, Solarvest (Vietnam) Company Limited, has also signed a memorandum of understanding (MoU) with a fintech company from Malaysia, Finhero to enhance Powervest’s offering through advanced technologies.

The MOU exchange, formalizes the collaboration to introduce Vietnam’s first solar financing fintech platform.

This technology simplifies and speeds up financing applications, enabling access to solar financing for businesses in Vietnam.

“With FinHero’s advanced technology, Solarvest customers can easily submit financial documents and receive tailored financial advice for their solar PV investments,

“This solution enables Vietnamese companies to advance toward sustainability, making renewable energy adoption more accessible and supporting a greener future,” said Top Lim, Co-Founder and Chief Executive Officer of Finhero.

According to him, their partnership with Solarvest accelerates clean energy adoption, bringing them closer to their vision of transforming financial accessibility across Southeast Asia and fostering a sustainable economy for future generations.

Anuar Fariz Fadzil, Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), added MDEC is dedicated to fostering cross-border partnership that drive innovation and sustainability, particularly through the DEX Connex program.

According to him, this initiative provides a pivotal platform for Malaysian companies to collaborate, innovate, and build strong partnership within Vietnam’s dynamic tech ecosystem.

“The Powervest program by Solarvest display how Malaysian expertise can contribute to Vietnam’s green energy growth and support businesses in adopting sustainable energy solutions,

“Together, we advance a shared commitment to the growth of our digital economy,” he added.

Hoang added there’s no one-size-fits-all approach for solar PV investment, and they are confident that Powervest offers a comprehensive and adaptable solution to meet various financing needs.

“Through our expertise in the solar sector, Solarvest remains committed to facilitating clean energy solutions for customers in Vietnam,” he said.

Solarvest (Vietnam) Company Limited is the subsidiary of Solarvest Holding Berhad, a Malaysia-founded clean energy developer with multi-national presence across Asia-Pacific in 8 countries.

The company is a one-stop solar photovoltaic system solution provider for residential, commercial and industrial, and utility-scale solar farms.

Today, Solarvest Group has accumulated over 1,300MW renewable energy portfolio.

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