Cypark Resources Berhad, largest solar developer in Malaysia, has called on the Malaysian government to remove the cap on maximum installed capacity for renewable energy projects in order to give investors better opportunities.
While biomass power derived from oil palm waste has potential in Malaysia, supply stability is an issue, so solar and wind power are seen as promising alternative energy choices.
The Malaysian government introduced a feed-in tariff (FiT) system for renewable energy in December 2011. The contract period for solar, biomass and small hydroelectric plants is 21 years, while that of biogas is 16 years. The FiT rate for solar photovoltaic (PV) is the highest at 0.85 to 1.78 ringgit per kilowatt hour (kWh).
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.