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The Malaysian Ministry of Energy Transition and Water Transformation (PETRA) is launching a plan to encourage citizens and private organizations to adopt solar energy.
The Solar@PETRA Initiative, also known as the Energy Transition Solar Initiative for the People, is a joint venture between Petra, Aeon Group, Malaysian solar energy company Sols Energy and BSN, a Malaysian government bank.
The scheme offers subscriptions for citizens who install solar energy at Aeon locations. Government employees are offered solar financing facilities with competitive interest through SOLS Energy Energy. In the meantime, a solar subscription facility based on a null capital model will be available for domestic solar energy users who use BSN.
Malaysia’s Deputy Prime Minister Datuk Seri Fadillah Yusof said the program aims to expand domestic users’ access to solar installation schemes and financing facilities available in the market.
He added that it complements the sun discount program that was introduced by the government at the beginning of April and that is implemented by the State Company Tenaga Nasional BHD.
Malaysia had installed 1,933 MW of solar energy by the end of 2023, according to data from the International Renewable Energy Agency. Last month, the fifth large-scale solar task of the country was announced, including a maximum of 2 GW available for roof, ground and floating solar energy projects.
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