Malaysia open to raising renewable energy quotas
Since December 1 2011, applications for the FiT allocation under the categories of biomass and solar photovoltaic (PV) renewable energy projects were fully taken up."There's so much interest in biomass and solar PV," said Seda chief operating officer Ali Askar Sher Mohamad.
Asked if the government may raise the quotas and allow for more RE producers to supply to the national grid, Loo said: "It all depends on the funding. If (heavy energy) consumers (in Peninsular Malaysia and Sabah) are willing to pay an addition 1 per cent (to the current 1 per cent RE levy on their electricity bills), we're open to raising the quotas."
Loo and Ali were speaking to Business Times on the sidelines of the Solar Symposium 2011 held here yesterday.
When contacted, Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said international leaders are aware of the achievements and continuous efforts of Malaysian oil palm industry in contributing towards climate
That includes the crude oil we import abroad and the refined gasoline and diesel we sell to neighboring countries. Experts attribute this to reduced demand for oil in the United States due to the economic downturn and increasingly fuel-efficient cars