KUALA LUMPUR: Sunview Group Bhd's subsidiary, Sunview Builders Pte. Ltd., has obtained a RM79.46 million (EUR15.6 million) engineering, procurement, construction and commissioning (EPCC) contract from a Bulgarian company OKOP Solar EOOD.
According to the agreement, Sunview will act as the EPCC provider for a 20MW(ac) solar photovoltaic power plant (PVPP) in Bulgaria.
OKOP Solar EOOD specializes in generating and selling electricity from renewable sources and also engages in research, analysis, design, advisory, and engineering activities.
Sunview group executive director and group chief executive officer HP Ong remarked that the contract represents a significant step forward in our global market expansion strategy, particularly in Europe.
"Europe's renewable energy (RE) market offers vast opportunities, and Sunview is well-positioned to seize them."With our proven track record, we are confident in delivering this project and establishing ourselves as a key player in Europe's RE landscape," he said.
Ong said the project marks Sunview's first EPCC venture in Europe and serves as a starting point as the company actively seeks additional projects in other countries to achieve sustainable growth.
"Additionally, there is another promising 30MW(ac) solar PVPP opportunity in the pipeline that we are tendering for, which will further strengthen our presence in the Europe market," he added.
Sunview's share price closed one sen lower yesterday to 77 sen, giving it a market capitalisation of RM396.4 million.