Companies Join CGPP for Renewable Energy; 30% Allocation Left as of August
What is CGPP?
A program announced by Malaysia to install renewable energy with a total capacity of 800 MW is known as the CGPP, or Corporate Green Power Programme. Their goals, which are in line with their Nationally Determined Contribution (NDC) under the Paris Agreement, are to reduce the intensity of greenhouse gas emissions against GDP by 45% by 2030 and to achieve net zero by 2050. CGPP, the VPPA program, allows eligible corporate consumers to enter into one VPPA with a solar producer. After another confirmation by the Energy Commission, the program is also open to non-solar renewable energy resource developers.
The date of participation is still open for allocation until December 31, 2023 or until the quota is allocated, the Energy Commission said in a statement on Tuesday (March 14). As of August 7, 2023, the Corporate Green Power Programme’s (CGPP) total allocation quota of 800 MW still has a balance of close to 30% or 236.58 MW, as of August.
Image source: Energy Commission
Who participated?
One of those who participate in this program is TnB, which is currently planning to generate 3,000 MW, which includes 2,500 MW from innovative Hybrid Hydro-Floating Solar (HHFS) technology and 500 MW from Large-Scale Solar Parks (LSSPs).
Malakoff Corporation is also expected to generate 500 MW of power with an investment of RM2.5 billion, which will be done over five years. They are joining renewable programs in order to support the CGPP and participate in the promotion and use of renewable energy in their day-to-day business operations.
Kinergy Advancement Bhd’s (KAB) wholly owned subsidiary KAB Smart Solar Energy Sdn Bhd (KSSE) and Salcon Bhd have also been selected to be solar power producers, which will allocate a capacity of 7 MW for solar photovoltaic plant solar development in Sungai Siput, Perak.
The Energy Commission (EC) informs the successful allotted companies that they have three months from the date on which they were notified of their application status to apply for membership in the New Enhanced Dispatch Arrangement (Neda) program. If not, the application will be invalid.
“In accordance with the EC’s policies and the provisions of the Information Guide for CGPP, the companies are fully responsible for any costs and expenses in relation to the application and execution of the CGPP,” the EC added.
