Malaysia's Pekat Group Powers Up 5 Offtake Contracts

• PSTSB is helping Malaysia transition to renewable energy sources with 5 corporate customers now signed on! Learn more about this project and the steps being taken to reduce carbon footprints.

This program aims to increase the use of renewable energy sources in the Malaysian energy mix. Five corporate customers have now signed contracts with PSTSB to buy electricity from the project.

Will Malaysian Renewable Energy Use Increase?

• The project is expected to generate up to 200 megawatts of electricity.
• Malaysia is one of many countries looking to increase its renewable energy usage.
• The Malaysian government has committed to increasing renewable energy usage by 45% by 2030.
• Malaysia currently sources around 15% of its energy from renewables.
• Renewable sources of energy are becoming more viable due to decreasing costs of technology involved in harvesting energy from the environment.
• The Malaysian government is also offering incentives to encourage companies to invest in renewable energy sources.
• The project is part of the Malaysian government's efforts to reduce the country's reliance on fossil fuels.