PETALING JAYA: Tough economic times are the best time for companies or individuals to invest in solar photovoltaic systems, says the Sustainable Energy Development Authority (Seda).
THE atmosphere in Malaysia’s once-boring solar power industry has completely changed in recent years.
Between 2014 and 2019, solar is the only renewable energy (RE) source that has grown by a whopping 432% in installed capacity.
The soaring appetite for solar power was thanks to conducive government policies such as tax incentives, apart from cheaper photovoltaic systems, that encouraged solar energy adoption across the commercial and residential sectors.
The growth is further strengthened by the entry of non-power producers into the industry and the growing need for companies to boost their environmental, social and governance (ESG) profiles.
There remains huge untapped potential for the solar power industry in Malaysia, and this is complemented by an increasingly high demand from the market.
Mechanism to reduce energy cost 23 May 2021 / 23:15 H.
THE demand for electricity is rowing in lockstep with technological advancements. Fortunately, there are numerous opportunities to reduce energy cost in industrial and commercial sectors.
The Energy Efficiency and Conservation Act provides significant benefits to industrial and commercial sectors, particularly in terms of lowering energy cost.
By introducing energy efficiency programmes, the industrial sector will increase economic productivity through energy-efficient technologies and processes.
In addition, the registered energy manager will keep track of their usage and make recommendations to increase their performance based on their operations. This would have a direct impact on energy use and bill.
PUTRAJAYA: The government, through the Sustainable Energy Development Authority (Seda), will open applications for feed-in tariff (FiT) quotas totalling 188 megawatts for biogas, mini hydro and biomass resources in Peninsular Malaysia in June.