PUTRAJAYA, Dec 7 (Bernama) -- The Sustainable Energy Development Authority (SEDA) Malaysia awarded 32 companies the Feed-in Tariff (FiT) quotas for the year 2022 with a total capacity of 111.407MW in a Majlis Penyerahan Sijil Perakuan Kelulusan Galakan to the successful companies today.
 
The FiT quota application for the year 2022 was fully available via e-bidding exercise for biogas, biomass and small hydropower sources in August 2022 with a total quota offerred of 187MW. SEDA Malaysia has received encouraging participation from 68 companies with a total capacity of 312.007MW.
 
The FiT mechanism was introduced back in 2011 to encourage the energy generation through renewable sources. The FiT quota offerred for the year 2022 is expected to generate an investment of RM1.14 billion and create as many as 540 job opportunities in the Renewable Energy (RE) industry.
 
These approved RE projects are expected to generate and supply electricity starting from the year 2025 and 2027. This is part of the Government's efforts to boost the country's economic growth, particularly in the development of the RE sector while supporting the target of 31% installed capacity of RE by 2025 and 40 % by the year 2035.
 
Since the FiT mechanism was introduced back in 2011, a total of 1,423.96MW quotas have been approved for all renewable sources involving 10,480 projects nationwide.
 
More information on the 2022 FiT quota application results can be accessed through the SEDA Malaysia portal at www.seda.gov.my.  

ABOUT SEDA MALAYSIA
Sustainable Energy Development Authority (SEDA) Malaysia is a statutory body reporting to the Ministry of Natural Resources, Environment and Climate Change. SEDA  Malaysia  was established in September 2011 under the SEDA Act 2011 [Act 726] with the key purpose of driving the renewable energy and energy efficiency agenda in the country.

SOURCE: Sustainable Energy Development Authority (SEDA) 

FOR MORE INFORMATION PLEASE CONTACT: