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 (...
Malaysia's new 250-megawatt renewable-energy quota is set to attract RM3 billion in investment and create over 5,000 jobs, according to the Ministry of Energy Transition and Water Transformation (PETRA). The 2027 Feed-in Tariff (FiT) allocation, managed by SEDA Malaysia, will also see RM510 million spent on locally installed engine and boiler equipment.
The quota consists of 30MW for biogas, 120MW for biomass, and 100MW for small hydropower projects across Peninsular Malaysia and Labuan. Interested developers can submit online bids from February 3 to March 24, 2027. This initiative aims to increase Malaysia's renewable energy share in electricity supply to 70% by 2050, with projects expected to start generating green electricity as early as 2030.
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