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, has come out with a plan to citizens and private organizations for using solar energy, especially for Hybrid Solar Power System with battery storage.
The scheme will offer subscriptions for citizens installing solar at Aeon branches. Government employees will be offered solar financing facilities with competitive interest through Sols Energy. Meanwhile, a solar subscription facility based on a zero capital model will be available to domestic solar users using BSN. The program is designed to expand domestic users' access to solar installation schemes and available financing facilities in the market.
Malaysia had installed 1,933 MW of solar by the end of 2023, according to data from the International Renewable Energy Agency. Last month, the country's fifth large-scale solar tender was announced, including up to 2 GW available for rooftop, ground-mount, and floating solar projects.
