Malaysia's Solarvest and Finhero launch first solar financing fintech solution in Vietnam

The launch took place on November 21, and represents a significant step in Solarvest’s regional expansion.

Driven by the recent introduction of the 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 panels remains the key barrier.

Solarvest’s Powervest programme offers two key financing options – Powerflex and Powerlease – designed to address varying financial requirements for Vietnamese businesses. Powerflex provides flexible packages with zero upfront costs, allowing businesses to either fully own their solar systems with 100 per cent financing or co-own the asset with Solarvest through 50 per cent financing. Powerlease allows companies to lease solar systems and purchase the generated electricity at an agreed tariff, through the DPPA model.

Dang Khai Hoang, business development director of Solarvest Vietnam, said, “Powervest provides a timely and practical solution to finance companies keen on adopting solar energy in Vietnam. The programme offers tailored financial models designed to make clean energy more convenient, affordable, and accessible for all business sizes. Solarvest has successfully implemented this financing model in Malaysia, with over 600MW in the solar asset development pipeline. Leveraging this expertise, we are now extending innovative financing solutions to support the growing renewable energy demands in Vietnam.”

Solarvest, through its Vietnam entity, Solarvest (Vietnam) Co., Ltd., also signed an MoU with a fintech company from Malaysia, Finhero, to enhance Powervest’s offering through advanced technologies. The MoU formalises 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.

Top Lim, co-founder and CEO of Finhero, said, “With FinHero’s advanced technology, Solarvest customers can easily submit financial documents and receive tailored financial advice for their solar investments. This solution enables Vietnamese companies to advance towards sustainability, making renewable energy adoption more accessible and supporting a greener future. Our partnership with Solarvest accelerates clean energy adoption, bringing us closer to our vision of transforming financial accessibility across Southeast Asia and fostering a sustainable economy for future generations.”

Solarvest (Vietnam) is a subsidiary of Solarvest Holding Berhad, a Malaysia-founded clean energy developer with a multinational presence across Asia-Pacific in eight 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 in its renewable energy portfolio.

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