Friday, April 12, 2013

Malaysia Newly Released 20MW Solar Photovoltaic Quota Taken Up Within An Hour

Sustainable Energy Development Authority (SEDA) Malaysia released 20 MW of solar PV quota for non-individuals under the 500kW category on 2nd April 2013 at 12.00pm and the quota was taken up within the first hour of the release. This fast take up rate of solar PV quota took place against the backdrop of the recent increase of degression rate from 8% to 20%, for installed capacity greater than 24 kW. There were altogether 137 solar PV applications submitted via the e-FiT online system by the end of the hour.
SEDA had made an early analysis that 99.45% of the solar PV capacities submitted in the e-FiT online system were larger than 24 kW which had the higher degression rate. Thus, SEDA believed that the new 20% degression rate for solar PV projects larger than 24 kW is still commercially viable.
SEDA advised those who are successful in obtaining the quota to ensure their solar PV system will achieve FiT Commencement Date by 31st December 2013 to ensure they enjoy the feed in tariff rate for this year. Those who are unable to commission their system before 1st January 2014 will have their rates degressed by another 20%.

SEDA has also received a directive from the Minister of Energy, Green Technology and Water (KeTTHA) that effective 1st January 2014, until 31st December 2017, the degression rate for individual solar PV will be reduced to 0%. Currently, the degression rate for solar PV for individuals is set to 8%. With this the Ministry hopes for greater public participation in the Solar Home Rooftops Programme. The Government anticipates with more engagement in solar PV by home owners will result in a greater willingness from the public to contribute to the renewable energy (RE) fund.
Hopefully that SEDA, Sabah government and SESB could reach an agreement of the 1% levy soon that we Sabahan could participate in the FiT program.

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