PUTRAJAYA: The new feed-in-tariff (FiT) quota for sustainable energies other than solar will generate RM1.8bil in investment, says Datuk Seri Takiyuddin Hassan.
The Energy and Natural Resources Minister added that it would also provide 550 job opportunities in the renewable energy industry.
The Ministry, through Sustainable Energy Development Authority (SEDA), has launched the new quota for FiT up to 187 megawatt.
The renewable energies include biogas (30 megawatt), biomass (30 megawatt) and mini hydropower (127 megawatt) throughout Peninsular Malaysia.
“This is part of the government’s efforts in reviving the economy post-Covid-19, especially in the renewable energy sector.
“Meanwhile, it is also geared to achieve a 31% target of the renewable energy existing capacity by 2025,” he said at a press conference on Tuesday (June 14).
Takiyuddin added that the newly introduced quota would be an addition to the current quota of 1,440 megawatt that was introduced in 2011.
It involved a total of 10,485 projects nationwide, he said.
“The projects that would soon be launched under the new quota would be able to generate and supply electricity from the year 2025 and 2027,” he added.
The application for FiT quota would be done via e-bidding on Seda’s website at www.seda.gov.my from August 2 this year.