Malaysia is all set to open applications for 600MW corporate solar PPA quota.
According to the local reports, it is for those who are keen in building up renewable energy assets with a view to selling RE to corporate clients. They can apply for a quota from November 7. The application’s evaluation process is conducted through a special evaluation committee.
The applications will be implemented under the Corporate Green Power Programme (CGPP), through the virtual power purchase agreement mechanism.
Issuing a statement, the Ministry of Energy and Natural Resources said that all players who are approved under the CGPP must ensure that their power assets are operational by 2025.
A report mentioned that the CGPP’s introduction comes following factors like net energy metering and self-consumption, “which entails RE asset installation on-site by corporations to supplement their own electricity usage.”
“Due to rising demand for green electricity, it is anticipated that existing programmes and initiatives/mechanisms will no longer be able to sustain the demand,” the ministry stated.
It has been informed that under the CGPP, a solar power producer subscribing to the quota needs to apply for a New Enhanced Dispatch Arrangement. Followed by this, Tenaga Nasional Bhd (TNB) will pay the power producer for the electricity generated.
