Signs 5 CGPAs to empower businesses’ sustainability through asset ownership Secures 21 years recurring annual income on commissioning of the solar plant Solarvest Holdings Bhd has secured five separate Corporate Green Power Agreements (CGPAs) with a Malaysian multi-asset exchange, two global leading semiconductor manufactures, and a leading global...
Signs 5 CGPAs to empower businesses’ sustainability through asset ownershipSolarvest Holdings Bhd has secured five separate Corporate Green Power Agreements with a Malaysian multi-asset exchange, two global leading semiconductor manufactures, and a leading global data center service provider under the Corporate Green Power Programme .
The CGPP represents the Malaysian government’s commitment to advancing the nation’s energy transition. Through a CGPA model, the CGPP offers corporations the opportunity to procure virtual renewable electricity, eliminating the necessity to install solar photovoltaic assets on their premises.
The signed CGPAs, each with a tenure of 21 years, will strengthen Solarvest recurring income stream from the sales of electricity generated by the two solar power plants. To recap, Solarvest and its consortiums have been awarded with a total export capacity of 90 MWac under the CGPP by the Energy Commission of Malaysia.
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