SARE — Supply Agreement with Renewable Energy

What Is SARE?

Supply Agreement with Renewable Energy

The Supply Agreement with Renewable Energy (SARE) is a tripartite agreement between an investor and/or asset owner, a billing agent (TNB) and customer. It is a programme offered to eligible Commercial & Industrial customers with the intention of offering a lower tariff than the grid tariff. After the installation of the solar panels, customers will only pay investor for the solar energy generated at a lower solar tariff. Moreover, all monitoring and maintenance will be taken care of by investor throughout the contract period.

SARE tripartite agreement between utility, investor/asset owner and customer

What is SARE?

The Supply Agreement of Renewable Energy (SARE) of Malaysia is an agreement for supplying renewable energy in Malaysia. SARE allows consumer to enjoy solar energy generated by the solar system installed at their premise without the need to pay for the system.

What are the benefits of SARE?

SARE makes green energy accessible to businesses by allowing investors to fund & own on-site renewable energy generation on prosumers’ premise.

Benefits of SARE: zero upfront cost, immediate electricity cost savings, zero maintenance

Under the SARE agreement, customers can enjoy zero upfront cost when installing Solar PV panels, immediate electricity cost savings as well as zero maintenance work including monitoring and repairing during contract period.