New 250MW renewable energy quota set to draw RM3b investment
MALAYSIA’S new 250-megawatt (MW) renewable-energy quota is expected to generate RM3 billion in investment and more than 5,000 direct and indirect jobs, the Ministry of Energy Transition and Water Transformation (PETRA) said. The 2027 Feed-in Tariff (...
The Malaysian government has announced a new 250MW renewable energy quota, which is expected to attract RM3 billion in investment and create over 5,000 jobs. The quota, part of the Sustainable Energy Development Authority Malaysia's 2027 Feed-in Tariff allocation, will be allocated to biogas, biomass, and small hydropower projects in Peninsular Malaysia and the Federal Territory of Labuan.
Eligible developers can submit bids online from February 3 to March 24, 2027. This initiative aims to help Malaysia reach its goal of having 70% of its electricity supply come from renewable sources by 2050.
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