PETRA Approves 48 Renewable Energy Projects, To Generate RM1.87 Billion In Investments
PETRA, in a statement today, said the approved RE projects were expected to generate investments worth RM1.87 billion in the renewable energy sector and would begin supplying green electricity to Tenaga Nasional Bhd (TNB) from as early as 2028.
"The implementation of new RE projects under the Feed-in Tariff mechanism is part of PETRA's commitment to increasing the share of RE in the national electricity supply mix to 70 per cent by 2050.
"The effort to boost the capacity of biogas, biomass and small hydropower sources will also strengthen the reliability of the country's electricity supply by diversifying RE generation sources and providing firm or consistent electricity supply,' the statement read.
The ministry said it was confident that the FiT mechanism-based RE initiative would serve as a catalyst for a more progressive and positive growth of the domestic renewable energy industry, in line with the core principles of Malaysia MADANI, which emphasised sustainability, innovation and shared prosperity.
'The government announced the offering and opening of FiT approval applications totalling 190MW for three RE sources – biogas, biomass and small hydropower – from Jan 15 to Feb 19, 2025.
PETRA said the government had invited eligible RE developers to submit applications for participation in an e-bidding process during that period.
A total of 59 applications were received, with 48 that met the prescribed technical and financial criteria approved.
The approvals comprise 20 projects with a total quota of 30.93MW for green electricity generation from biogas, eight projects with a quota of 53.50MW (biomass), and 20 projects with a quota of 96.82MW (small hydropower).
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