Malaysian government launches incentive scheme for residential solar
- Admin
- May 8, 2024
- 1 min read
Malaysia’s Ministry of Energy Transition and Water Transformation (Petra) is launching a scheme to incentivize 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 government-owned Malaysian bank. The scheme offers subscriptions for citizens installing solar at Aeon branches, solar financing facilities for government employees through Sols Energy, and a zero capital model for domestic solar users using BSN. Malaysia's Deputy Prime Minister, Datuk Seri Fadillah Yusof, emphasized expanding access to solar installation schemes and financing facilities for domestic users.
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