Malaysia aiming for 20pc renewable energy use by 2025

The Malaysian government is seeking to increase the country’s target of renewable energy generation to 20 per cent in the next six years. This will be accomplished via the Malaysia Energy Supply Industry 2.0 (MESI 2.0) plan which will be launched sometime this month. The plan will enable green energy trading through a grid, and it is not compulsory for renewable energy companies to sell electricity to the national electric utility company Tenaga Nasional Berhad. The bidding is for 500 megawatt generation, where each bidder has a maximum of 100 megawatts. The first four projects amount to 365 megawatts out of 500 megawatts and the bidding price is lower than the cost of gas generation, standing at 23.22 cents.

Source : https://bit.ly/2jWSBFI