Kuala lumpur: Malaysia Debt Ventures Berhad (MDV), a Malaysian government-owned company, has announced its plan to approve financing worth 300 million ringgit (71.06 million U.S. dollars) for energy transition projects by 2025. The financing is part of the National Energy Transition Facility initiative.

According to Namibia Press Agency, MDV's target includes an estimated 70 million ringgit in incentives aimed at enhancing the bankability of projects. The projects identified for this initiative focus on renewable energy, energy efficiency, biogas/biomass, and green mobility, aligning with Malaysia's decarbonization agenda.

MDV aims to support between 20 and 30 eligible companies or projects over a two-year period (2025-2026), contingent upon the financing amount per project. The initiative underscores Malaysia's commitment to advancing energy transition and sustainable practices.