Picture: Michael Wilson/Unsplash
Malaysia’s Ministry of Vitality Transition and Water Transformation (Petra) is launching a scheme to incentivize residents and personal organizations to undertake photo voltaic vitality.
The Photo voltaic@PETRA Initiative, also referred to as the Vitality Transition Photo voltaic Initiative for the Individuals, is a three way partnership between Petra, Aeon Group, Malaysian photo voltaic vitality firm Sols Vitality and BSN, a government-owned Malaysian financial institution.
The scheme will provide subscriptions for residents putting in photo voltaic at Aeon branches. Authorities staff will probably be supplied photo voltaic financing services with aggressive curiosity via Sols Vitality. In the meantime, a photo voltaic subscription facility primarily based on a zero capital mannequin will probably be out there to home photo voltaic customers utilizing BSN.
Malaysia’s Deputy Prime Minister, Datuk Seri Fadillah Yusof, stated this system is designed to develop home customers’ entry to photo voltaic set up schemes and out there financing services available in the market.
He added it enhances the photo voltaic rebate program launched by the federal government in early April, which is being applied by state-owned utility Tenaga Nasional Bhd.
Malaysia had put in 1,933 MW of photo voltaic by the tip of 2023, based on information from the Worldwide Renewable Vitality Company. Final month, the nation’s fifth large-scale photo voltaic tender was introduced, together with as much as 2 GW out there for rooftop, ground-mount, and floating photo voltaic tasks.
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