The guidelines introduce the Corporate Renewable Energy Supply Scheme (CRESS), which aims to help companies in Malaysia source renewable energy. The scheme allows businesses to buy green electricity directly from renewable energy developers (REDs) through open access to the electricity grid. It is part of Malaysia’s effort to address climate change and achieve a renewable energy target of 70% by 2050.
Under CRESS, companies can form agreements with REDs to supply renewable electricity to their operations. The energy will flow through the national electricity grid, managed by the Electricity Utility Company (EUC). The EUC ensures that both the REDs and the companies are connected to the grid, enabling the smooth transfer of green electricity.
The government encourages companies to participate in CRESS to meet their environmental sustainability goals,…
