Malaysia’s 460MW solar auction heavily over-subscribed

Facebook
Twitter
LinkedIn
Reddit
Email
The submissions will now be evaluated based on the RFP requirements, after which shortlisted bidders will be notified. Flickr: Shubert Clencia

The opening bids in Malaysia’s 460MW(AC) large-scale solar auction have shown significant over-subscription with roughly 1,632MW(AC) of submissions.

The Energy Commission of Malaysia revealed that prices ranged from RM0.3398/kWh to RM0.53/kWh (US$0.08 – 0.12). These were for projects of 1-30MW(AC) capacity in the Peninsular Malaysia (360MW(AC) allocation) and the eastern Sabah/Labuan regions (100MW(AC) allocation).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The submissions will now be evaluated based on the RFP requirements, after which shortlisted bidders will be notified. Each bidder is allowed to offer up to three plants.

The opening bids in the Peninsular were as follows:

Project size segment (MWac) capacity submitted (MWac) price range (RM/kWh)
1-5.99 72 0.375 – 0.47
6-9.99 172 0.37 – 0.46
10-30 1,198 0.3398 – 0.5

The opening bids in the Sabah/Labuan were as follows:

Segment (MWac) capacity submitted (MWac) price range (RM/kWh)
1-5.99MW 79 0.371 to 0.53
6-9.99MW 111 0.39 to 0.49

All solar plants awarded in the final stages of the tender will be connected to the grid, with power purchase agreements to be signed with the main utilities Tenaga Nasional Berhad (TNB) or Sabah Electricity Sdn. Bhd. (SESB).

The EC issued the original request for Proposal (RfP) at the end of February.

Earlier this week, leading solar PV inverter supplier Huawei said it had won the supply bid for Malaysia's first 50MW(AC) utility-scale PV project.

Read Next

June 7, 2024
Chinese solar manufacturing giant LONGi Green Energy has addressed rumours it is planning to shut down production at its facilities in Southeast Asia in response to US import tariffs coming into force.
April 23, 2024
Indian power company JSW Energy Limited has been awarded the contract for a 700MW solar PV project through its wholly-owned subsidiary, JSW Neo Energy.
April 5, 2024
Solar Energy Corporation of Indiahas allocated 1.5GW of solar capacity in a recent tender at an average price of INR2.56 (US$0.031) per kWh.
April 3, 2024
Malaysia has launched a tender seeking 2GW of large-scale solar PV capacity for projects between 1MW and 500MW capacity.
March 18, 2024
The investment aims to increase the share of clean energy in Bulgaria's energy mix by supporting the construction renewables into the grid.
March 14, 2024
Maharashtra State Electricity Distribution Company (MSEDCL) has launched a tender to procure power from solar PV projects with a capacity of up to 5GW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Upcoming Webinars
July 10, 2024
9am (BST) / 10am (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland