Malaysia's Corporate Green Power Programme: Virtual Power Purchase To The Fore

Introduction

Following the teasers in the announcement by the Prime Minister of Malaysia in August 2022 and the launch of the National Energy Policy 2022 - 2040 in September 2022, the Corporate Green Power Programme ("CGPP") was finally launched by the Energy Commission of Malaysia on 7 November 2022.

The CGPP is essentially a programme which allows eligible corporate consumers ("CCs") to enter into power purchase agreements with solar power producers ("SPPs") for the purchase of renewable energy virtually instead of via direct delivery. In this structure:

• the SPP owns and operates the solar power plant and exports the energy generated from the plant to the grid/electricity utility company ("TNB");