The Malaysian Government has introduced the Corporate Green Power Programme (CGPP) to encourage the adoption of green electricity amongst corporate companies in Malaysia. This new initiative will be in addition to existing initiatives such as the net energy metering scheme, self-consumption schemes and the green electricity tariff programme to bolster Malaysia's renewable energy agenda and promote carbon reduction.
The CGPP is a timely welcome for the renewable and solar industry players who are gearing up for more opportunities to increase Malaysia's chances to meet the renewable energy targets that have been set. There are several concerns in the implementation of the CGPP, including:
Potential investors (in particular foreign investors) would hope for some of these issues being addressed in the CGPP guidelines. Notwithstanding, the implementation of the CGPP puts Malaysia on par with its ASEAN neighbours and a step closer to realising its goals towards becoming a low carbon nation.
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