KUALA LUMPUR (Sept 11): Malaysia Debt Ventures Bhd, a state-owned company providing financing to start-ups, aims to dish out RM300 million for energy transition projects by the end of 2025.

The target includes about RM70 million in incentives under the National Energy Transition Facility (NETF), such as rebates and credit enhancements to improve project bankability, the company also known as MDV said in a statement on Thursday.

Identified projects cover renewable energy, energy efficiency, biogas and biomass, and green mobility — areas seen as central to the country’s decarbonisation agenda.

MDV, a unit of Minister of Finance (Incorporated), operates under the Ministry of Science, Technology and Innovation. To date, the agency has disbursed more than RM13 billion to over 1,100 companies in advanced technology such as robotics, enterprise software, solar, and biotech research, according to its website.

The NETF was introduced under Budget 2025 and the company has been mandated to manage up to RM200 million in government funds to support projects, a sum the agency said could catalyse RM500 million to RM700 million worth of financing through a multiplier effect.

“This multiplier effect enhances our ability to drive green technology development and accelerate energy transition efforts in Malaysia,” MDV chief executive officer Rizal Fauzi said.

MDV is looking to support between 20 and 30 eligible companies or projects from 2025 to 2026, depending on financing size. Some RM123 million in financing has been approved so far under the initiative.

The programme is open to Malaysian-registered companies with at least 51% local ownership carrying out energy transition projects, including emerging sectors such as hydrogen and carbon capture, utilisation and storage.

Projects must be at least at the pre-commercialisation stage, supported by a proof of concept or working prototype, and demonstrate potential for revenue generation.