(Image credit: Sungrow Floating)
In January, the government in Malaysia announced it would be opening up bids for the nation’s fifth large-scale solar PV project.
A quota of up to 2GW will be made available to developers, where a maximum bid will be 500MW.
The Ministry of Energy and public utilities told SolarEdgeMalaysia about the building process:
“The Execution of LSS programme will be conducted via bidding and with a bigger scale, to ensure a developer selection process that is transparent and fair, as well as to obtain power generation tariff offers at the most competitive rates.”
This new programme will introduce a new category for floating solar, where a 500MW quota will be available to developers.
An additional renewable energy programme in Malaysia includes the ‘Low Carbon Energy Generation Programme’.
With a 400MW total quota, the programme opens up opportunities for low carbon electricity generation from small-hydro, bio-gas, bio-mass, and hydrogen technologies.
Diversifying renewable energy generation can open up new economic opportunities for developers and deal with intermittencies of generation with certain technologies.
Another 400MW quota will be made available to developers through the Net Energy Mechanism (NEM).
The programme is comprised of 10MW bids for household developers and 300MW for commercial and industrial industries.
Both programmes increase the clean energy supply in Malaysia.
The boom of Malaysia’s renewable energy industry has not only supported the move to Net Zero but has also created 36,000 jobs through the government endorsed ‘Integrated Renewable Energy’ programme.
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