Renewables

• lmaglana
• 2024-08-20
• Trade Show News
• (0)

Malaysia: Corporate Renewables Brief

brief On 26 July 2024, the Ministry of Energy and Water Transition (“Petra”) announced the launch of the Corporate Renewable Energy Supply Scheme (CRESS), scheduled to start in September 2024. The scheme aims to enhance corporate access to green electricity supply through an open grid access system, where third parties can supply or purchase electricity from the grid system at a predetermined system access fee. The CRESS programme is part of the GREENS MADANI programme, the government’s programme to enhance renewable energy in niche sectors, and aims to support high priority energy transition aspirations. content CRESS Framework General CRESS Participation Conditions Benefits and impacts of CRESS Observations Under CRESS, eligible renewable energy (RE) generators and corporate companies can arrange for green electricity supply through the existing supply system on mutually agreed terms. Companies can source renewable energy directly from identified renewable energy generators with third party access (TPA) by participating in the New Enhanced Dispatch Arrangement (NEDA) market, or through…