Govt aims to increase renewable energy output to 300MW


MESTECC Minister Yeo Bee Yin said last year, the Sustainable Energy Development Authority Malaysia (SEDA) approved 102MW under the NEM programme, adding that the 300MW target can be achieved through the new NEM policy implemented last year.

JASIN: The government, via the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC), aims to raise its net energy metering (NEM) programme output to 300 megawatts (MW) this year.

MESTECC Minister Yeo Bee Yin said last year, the Sustainable Energy Development Authority Malaysia (SEDA) approved 102MW under the NEM programme, adding that the 300MW target can be achieved through the new NEM policy implemented last year.

"Under the new NEM policy, we are using a 'one-on-one' offset basis, whereby if the energy generated is purchased at 50 sen, it is sold at 50 sen, and this worthwhile investment saw a high take up rate which led to generation of 102MW in clean energy last year.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
solar , NEM , Renewable energy , green technology

Next In Business News

Great views, great premiums
Recent fires expose glaring oversights
Let’s get it right about BTS 10:90
IMF evaluation reflects Malaysia’s strong economic fundamentals, economists say
MATRADE appoints Abu Bakar Yusof as CEO
Ringgit poised to see profit-taking after hitting near six-year high vs greenback
Political clarity could unlock valuation multiples
Racing to deliver
The illusion of beat estimates
Boost for Abu Dhabi’s global push

Others Also Read