The programme will also connect qualified contractors with end-users looking to install solar panels.
One of the benefits of the expanded programme, it said, was to provide contractors and developers with extended payment terms when they purchase from the programme’s approved 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," it said in a statement. UOB said it offers exclusive packages to both businesses and homeowners through partnerships with nine EPCC contractors in Malaysia.
"We expect to boost our sustainable financing for solar energy by 50% in the next 12 months, driven by the favourable outlook of the solar energy industry and the government’s strong push towards renewable energy," said UOB Malaysia CEO Ng Wei Wei.
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