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Published: Monday June 10, 2013 MYT 7:30:00 AM
Updated: Wednesday July 17, 2013 MYT 4:19:50 PM

Ministry mulls open bidding for renewable energy production as demand for funds soar

Energy, Green Technology and Water Minister Datuk Seri Maximus J. Ongkili at a press conference during the launch of Alliance Bank's Home Complete Plus Solar Panel Financing scheme at the Sustainable Energy Development Agency (Seda) office on Monday.Energy, Green Technology and Water Minister Datuk Seri Maximus J. Ongkili at a press conference during the launch of Alliance Bank's Home Complete Plus Solar Panel Financing scheme at the Sustainable Energy Development Agency (Seda) office on Monday.

PUTRAJAYA: Those intending to cash in on renewable energy (RE) production using solar power may need to go through an open bidding process in future, if demand continues to outstrip the funds available, said Energy, Green Technology and Water Minister Datuk Seri Maximus J. Ongkili.

He said the response to the solar photovoltaic (PV) segment of the Government's Feed-in-Tariff (FiT) system - which pays consumers monthly for energy sent back into the national power grid - has been overwhelming since it was launched in 2011.

"Solar PV is very popular and this is very consistent with the strengths in Malaysia, which is blessed with plenty of solar energy.

"That part of the RE quota is over-subscribed and we must be more efficient in selecting future applications.

"We may look at an open-bidding system depending on the response (to the segment)," he said at the launch of Alliance Bank's Home Complete Plus Solar Panel Financing scheme at the Sustainable Energy Development Agency (Seda) office here Monday.

Tags / Keywords: Ministry, renewable energy

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