Green Sukuk for Financing Renewable Energy Projects

Abstract

This paper investigates the application of the Green Sukuk, particularly, for financing the renewable energy. More precisely, three case studies had been chosen for discussion. In the first case study, we highlights "Hybrid Sukuk" framework adopted by Tadau Energy Sdn. Bhd. for financing solar photovoltaic (PV) plants. The second case study, we reviewed on "Sukuk Wakalah" issued by BEWG (M) Sdn. Bhd., as an ideal solution for water treatment project. Finally, for the third case study, we have discussed in details about "Sukuk Murabahah" which being used by Sarawak Hydro Sdn. Bhd. for financing the hydroelectric plant (BAKUN hydroelectric project).