Malaysia Boosts Renewable Energy with Enhanced CRESS

January 20, 2025•1 min read

CRESS Updates:
- The Corporate Renewable Energy Supply Scheme (CRESS) enhancements will be effective starting March 1, 2025.
- Allows existing electricity consumers to access the national grid for third-party renewable energy sourcing.
System Access Charges (SAC):
- Fixed rates: 45 sen/kWh for standard transmission and 25 sen/kWh for transmission with battery storage.
- Charges are locked for three years, with a 15% variation cap per regulatory period until 2027, offering cost predictability for investors.
Purpose:
- Supports Malaysia's goal of achieving 70% renewable energy capacity by 2050.
- Encourages corporate adoption of renewable energy by enabling purchases directly from independent power producers via the national grid.
Key Agreements under CRESS:
- UEM Lestra partnered with ESR Group Ltd.
- Tenaga Nasional Bhd (TNB) secured a 400MW agreement with Bridge Data Centre.
Impact:
- Aims to liberalize Malaysia’s energy market.
- Provides corporations with cost-assured access to renewable electricity, boosting the green economy.
- Positions Malaysia as a regional leader in renewable energy initiatives.

Maqo Solar