Malaysia’s Sustainable Energy Development Authority (SEDA) has received a positive response to its PV tender for PV systems under 500kW for non-individuals.
According to the chairman of SEDA Malaysia, YB Tan Sri Dr Fong Chan Onn, the 20MW quota — which was launched on 2 April 2013 — was allocated within the first hour of opening the online application system. In total, 137 applications were submitted in the first 60 minutes.
The chairman also added that 99.45% of the applications submitted were larger than 24kW. In March, the government announced it would increase the degression rate of its PV FiT from 8% to 20% for installations larger than 24kW from April. The move is a response to the falling costs of solar PV.
In order to ensure that the systems benefit from the current feed-in tariff, the planned PV systems must be operational by 31 December 2013, after which the FiT will be 20% lower.