Malaysia’s Ministry of Energy Transition and Water Transformation (Petra) has launched a scheme to encourage residents and personal organizations to undertake photo voltaic vitality.

The Solar@PETRA Initiative, also referred to as the Energy Transition Solar Initiative for the People, is a three way partnership between Petra, Aeon Group, Malaysian photo voltaic vitality firm Sols Energy and BSN, a Malaysian government-owned financial institution.

The scheme will provide subscriptions for residents who set up photo voltaic at Aeon branches. Government staff might be supplied photo voltaic financing services with aggressive curiosity by means of Sols Energy. Meanwhile, a photo voltaic subscription facility based mostly on a zero capital mannequin might be obtainable to home photo voltaic customers utilizing BSN.

Malaysia’s Deputy Prime Minister, Datuk Seri Fadillah Yusof, stated this system was designed to develop home customers’ entry to photo voltaic set up schemes and obtainable financing services out there.

He added that this enhances the photo voltaic rebate program launched by the federal government in early April, carried out by state-owned utility Tenaga Nasional Bhd.

Malaysia has put in 1,933 MW of photo voltaic by the tip of 2023, in response to information from the International Renewable Energy Agency. Last month, the nation’s fifth massive photo voltaic tender was introduced, together with as much as 2 GW obtainable for rooftop, ground-mount, and floating photo voltaic tasks.

This content material is protected by copyright and is probably not reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].