Renewable Energy
Project Delivery Partner
Renewable Energy
ECODWELL Ventures provides turnkey solutions including system design & integration, installation, operation commissioning & maintenance.
Project Highlights
- Renewable Energy Farms
- Rooftop Projects
- Feed-in Tariff Projects
- Net Metering Projects
- Hybrid and Off-grid Projects
Specialising in providing strategic project development and innovative approach to renewable energy project planning, design and implementation. ECODWELL Ventures provides a spectrum of wealth in the facilitation of human capital development and training in the renewable energy sector. With wide range of inclusivity, our projects can range from residential, commercial, community to cooperative projects.
The Supply Agreement with Renewable Energy (SARE) is a programme initiated by the Energy Commission (ST) of Malaysia and Sustainable Energy Development Authority (SEDA) in 2019 as one of the measures to achieve 20% of Renewable Energy in the nation’s generation mix by 2025. The programme encourages and incentivizes private investors to pursue solar PV installations on rooftops of commercial, industrial, agricultural and government premises.
The SARE tripartite agreement brings investors and site owners together with Tenaga Nasional Berhad (TNB) while protecting both investors and site owners. The agreement details out the contract years, the solar price (sen/kWh), the covenants and obligations of each party
| Tenaga Nasional | RPVI Registered PV Investor | Site Owner |
|---|---|---|
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The SARE Programme makes it achievable for participating site owners to “Go Green at Zero Cost” and enjoy up to 20% savings on their regular TNB bills. In this programme, PDP for registered solar PV investors is able to seek out potential commercial and industrial sites in Malaysia by engaging with special projects programme partners who capitalize on their operational, personal and strategic networks to identify and qualify potential site owners.
| Stage 1 Qualification | Stage 2 Negotiation | Stage 3 Implementation |
|---|---|---|
Site Owners to provide
EDV to provide
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| Installation
Commissioning
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Benefits to Qualified Sites
No upfront capital outlay
No monthly maintenance fee
Hassle free payment through integrated TNB bill
Safe government endorsed program
Electricity Savings via; Lower solar tariff & MD savings
No system performance or operating risk
Increase real estate value
Demonstrable environmental commitment
Frequently Asked Questions
- Any commercial site with TNB tariff code B, C1 AND C2.
- Any industrial site with TNB tariff code D, E1, E2 AND E3.
- Any agricultural site with TNB tariff code H.
- A typical investor (RPVI) will invest on a site with a minimum 50kwp installation.
- This is equivalent to an installation area of 230 m2 (approximately 2,300[2]
- This is equivalent to minimum bill amount of RM 3,000.00 per month under tariff code B
- The PPA duration is anywhere between 21 to 25 years;
- A shorter PPA can be negotiated between the site owner and the RPVI on case per case basis
- The solar PV system will be handed over to the site owner at no cost; OR
- The site owner can opt to continue the concession under a new PPA
- There will be a novation clause in the PPA that transfers the asset to the new owner.
- The original owner may opt to purchase the solar PV system at the agreed price calculated based on balance cost of the system during the tenured (seling) year.
- The original owner may opt to cancel the agreement. Should this be the case, a penalty clause apply that includes costs to remove the solar PV system from the site and corresponding logistics.
- Yes, You will need to get a written consent from the sute owner allowing for the installation of the solar PV system on the premise; you will also need to show documentation of tenancy agreement of long lease of the site with the owner.
- No. You will get one electricity bill under the program.
- The bill will detail the consumption of solar energy in which the payment is calculated using the discounted solar tariff. The bill will also detail the consumption of energy from the TNB grid that is calculated using the normal tariff (based on code).
- Yes. The solar energy harvested will provide energy to electricity consumed for the common area usage. The solar energy harvested does not cover individual residential electricity usage.
- Yes, if the land has ongoing business or agriculture activity that consumes electricity from TNB
- No, if the land is empty with no ongoing business or agriculture activity that consumes electricity from TNB.
- Two agreement. First agreement is a tripartite agreement between RPVI, Site owner and TNB to allow TNB to collect payment on behalf of the RPVI.
- Second agreement is the Power Purchase Agreement (PPA) between site owner and the RPVI detailing the terms and conditions of the 21 years concession program.
- Yes. Site will still get electricity supply from TNB as the solar power will only be supplied during the day.
- Site will obtain power from TNB during the night an dduring times where the site consumes more energy than the solar energy can supply.
- All on going maintenance and insurance will be fully paid by the RPVI during the whole duration of the concession.
- Site owner and RPVI will need to work out a schedule for maintenance work.
- Solar PV system maintenance will be done twice yearly with maintenance covering cleaning and checking of the system and structures.
- Insurance cover for damage of solar PV system, roof and public liability.
- Site owner will enjoy up to 20% discounted tariff based on the solar energy harvested. For a tariff code B, this equates to a discount of up to RM 0.10/kWp per month.
- This can equal up to 20% in financial savings from the monthly TNB bill.
- The discounted tariff offered will stand for the whole duration of the concession and will not be subjected to any tariff hike.
Moving towards a
Sustainable Future
A leading provider of innovation in sustainability and green technologies. Offering an array of services, including programmes and technologies that can be used to encourage a new culture of sustainability that will meet the needs both present and future generation.
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