The Malaysian government has awarded a power purchase agreement (PPA) to German solar developer ib vogt to provide 30MW of electricity to Samsung SDI Energy Malaysia, a subsidiary of the South Korean tech giant that specializes in the production of batteries.
The government awarded the PPA under its Corporate Green Power Program (CGPP), which aims to link solar power developers in Malaysia with potential corporate offtake partners. Companies can bid for a maximum of 800 MW of solar power capacity, an increase from the initial offering of 600 MW, with fixed electricity prices for the duration of the agreement, as is commonly seen in corporate PPAs.
