KUALA LUMPUR, Feb 19 (Bernama) — Solar installation company Plus Solar Systems Sdn Bhd (+SOLAR) foresees no impact on its business operations due to Covid-19 in the short run, even though most of its solar photovoltaic panels were imported from China.
Chief executive officer and co-founder Ko Chuan Zhen said however, +SOLAR’s business, as well as those of others in multiple sectors, may be affected in the long run, if the situation does not improve.
“Thankfully, we have ordered in enough (solar photovoltaic panels) to tide us over for the next few months, (so) it will not cause any disruption to our business flow.
“We are not sure about the next few months as these challenges were unknown, as we do not know how this virus will develop further and its impact other industries,” he told Bernama in an interview recently.
It was reported that the Covid-19 outbreak in China could raise solar module prices in the near term, as manufacturers have begun experiencing wafer and solar glass shortages, with the employees being quarantined and unable to return to work on the production lines.
To date, Covid-19 has infected more than 72,000 people and claimed more than 2,000 lives, mostly in China, while Malaysia has reported 22 cases.