On 7 November 2022, the Energy Commission issued an information guide for the Corporate Green Power Programme (CGPP) which was introduced earlier this month ("Guide"). The earlier alert issued on this can be found here. The CGPP aims to promote the adoption of green energy amongst corporate companies in Malaysia through the use of virtual power purchase agreements (VPPA) which is also known as the Corporate Green Power Agreement (CGPA).
The CGPP is open for application starting from 7 November 2022 until 6 February 2023. The new Guide sets out the conditions for participation and the application procedure of the CGPP.
We set out below some of our key observations for potential investors to take note:
While the Guide provides welcome information on the implementation of the CGPP in Malaysia, there are still several ambiguities within the Guide and clarifications that applicants would need to make. At the time of writing, the Energy Commission has not issued any further clarification on the Guide and we have been made to understand that the Energy Commission will establish an online enquiry platform for the CGPP. Potential investors are advised to keep an eye out for any updates and/or calls for enquiries on the Energy Commission website.
Source: Information Guide for Corporate Green Power Programme (For Solar PV Plant) published by Energy Commission, 7 November 2022
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