The Malaysia government has made a commitment for a 45% reduction in energy emissions by 2030. This commitment is supported by the extension of Green Income Tax Exemption (GITE) and Green Investment Tax Allowance (GITA) to 2023^.
^Please refer to https://www.mgtc.gov.my/our-services/green-investment-tax-incentives-gita-gite/ for more details and the latest updates.
UOB is the first bank in Asia to provide an integrated platform that simplifies the adoption of energy efficiency projects for building owners. With this platform, businesses can easily connect with U-Energy partners (energy service companies (ESCOs)), and finance their energy efficiency projects through the programme’s different financing options.
U-Energy and its partners support air-conditioning, chiller, elevator, energy and power management system, façade, lighting control and solar projects across commercial, industrial and public buildings.
Supported building types:
- Data Centre
- Mixed Development
- Public Building
Note: For solar-only projects, please visit UOB’s U-Solar for business site to get in touch with our solar partners.