Solarisation Schemes in Malaysia
The Malaysian government and utility companies such as Tenaga Nasional Berhad are offering programs and incentives to encourage more individuals and business owners to switch to solar power. These programmes and incentives aim to reward clean energy producers and users who adopt the technology.
To continue to encourage the uptake of the Malaysia’s Renewable Energy (RE), the Ministry of Energy and Natural Resources (KeTSA) has announced the new NEM3.0 scheme in December 2020 to replace the previous NEM 2.0. The NEM3.0 comprises of three initiatives as below:
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Program NEM Rakyat (Domestic)
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Program NEM GoMEn (Government Ministries and Entities)
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Program NOVA (Commercial & Industrial)
The Corporate Green Power Programme (CGPP) is a progressive renewable energy initiative spearheaded by the Malaysian government. Its primary objective is to drive the widespread adoption of sustainable practices across the corporate sector. CGPP offers an innovative solution to corporate consumers by providing them with a unique opportunity to virtually purchase solar energy directly from solar developers.
Traditionally, businesses that are interested in utilising solar energy would have to invest in the physical ownership and management of solar panel installations. However, CGPP revolutionises this approach by introducing Virtual Power Purchase Agreements (VPPAs). Through VPPAs, corporate consumers can participate in the renewable energy movement without the burdensome responsibility of maintaining and operating solar panels.
By embracing VPPAs, corporate consumers can actively support clean power generation and reduce their environmental impact. They can also effectively offset their carbon footprint by directly contributing to the generation of renewable energy. This not only demonstrates their commitment to sustainable practices but also helps them align with global efforts to combat climate change.
Corporate Green Power Programme (CGPP)
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