Driving Corporate Sustainability with Green Power
The Corporate Green Power Programme (CGPP), updated in November 2023, serves as a comprehensive guide to advancing renewable energy adoption in Malaysia, particularly through solar PV plants. Below is the updated summary:
Primary Objectives
Facilitate the integration of renewable energy into corporate operations.
Establish fundamental principles and eligibility requirements for participation.
Define the responsibilities of involved parties and outline the application process.
Key Features
Virtual Power Purchase Agreement (VPPA): Allows corporate consumers to engage with solar power producers virtually, without direct energy supply.
Eligibility:
Solar power plants: Must have a capacity of 5MW–30MW and be new projects.
Solar power producers: Must meet financial, technical, and regulatory standards.
Corporate consumers: Must operate in Peninsular Malaysia with sound financials and clear operational plans.
Application Process
Open until 31 December 2023 or until capacity is fully allocated.
Evaluated on a first-come, first-served basis; complete documentation is required.
Responsibilities
Solar power producers: Manage project development, licensing, and agreements.
Corporate consumers: Ensure operational readiness and adhere to contractual commitments.
This program is a strategic initiative aimed at boosting renewable energy usage in Malaysia, promoting corporate sustainability, and contributing significantly to carbon emission reductions.
