On 18th March 2014, CEO of SEDA Malaysia Datin Badriyah Abdul Malek announced the newly gazetted FiT and degression rates for biomass, biogas and solar PV, as depicted below:
The degression rates for both biomass and biogas have been reduced to 0%, from 0.5%, to solve the low take-up of these 2 RE. Also, incentive of RM0.05 per kWh, up from RM0.01 per kWh, is given for using locally manufactured or assembled products and technologies.
The degression rate for solar PV has been adjusted to 10% per year. Also, incentives of RM0.05 per kWh are given for using locally assembled module and inverter. Previously were RM0.03 per kWh for module and RM0.01 per kWh for inverter.