SeeNews Renewables | Ivan Shumkov —
Malaysia will seek to raise the contribution of renewable energy sources to its power generation to 11% by 2020 from the current 2%, according to an official.
The Southeast Asian nation was supposed to hit 5% of renewables share during its Tenth Malaysia Plan (10MP) ending this year, but the delayed feed-in tariff (FiT) policy has prevented the country from adding more capacity.
That is why Malaysia will try to compensate during its 11th plan for 2016-2020, Datuk Phang Ah Tong, deputy CEO of the Malaysian Investment Development Authority (MIDA), told reporters, as quoted by news agency Bernama.
At present, Malaysia’s renewable power capacity is between 2,000 MW and 2,500 MW. It plans to install 1,250 MW of solar parks, 1,250 MW of biomass plants and just as much of biogas facilities in 2015, Phang added.
The government has a target of reducing by 40% the carbon emission intensity by 2020.