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Quota for 20 MW Solar Photovoltaic released by SEDA Malaysia taken up within an hour

PUTRAJAYA, April 4 (Bernama) -- Sustainable Energy, Development Authority Malaysia ( SEDA Malaysia) released 20 MW of solar photovoltaic (PV) quota for the non-individuals under the 500kW category on 2nd April 2013 at 12.00pm. According to the Chairman of SEDA Malaysia, YB Tan Sri Dr. Fong Chan Onn, 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 for installed capacity for solar PV greater than 24kW, from 8% to 20%. There were altogether 137 solar PV applicants submitted via the e-FiT online system by the end of the hour.

SEDA Malaysia had made an early analysis that 99.45% of the solar PV capacities submitted in the e-FiT online system were larger than 24kW which had the higher degression rate," added YB Tan Sri Fong. Thus , it could be concluded the 20% degression rate recently gazetted within the Schedule of the Renewable Energy Act 2011 for the solar PV projects larger than 24kW is still commercially viable.



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