In January 2019, The Net Energy Metering (NEM) scheme has enhanced with rate that can be seen an encouraging growth, says Yeo Bee Yin, Minister of Energy, Science, Technology, Environment and Climate Change (MESTECC).

"As of May 10, 2019, a total of 16.6 mega watts (MW) of NEM has been approved in 2019 compared with the approved capacity of 18.24MW in 2018," she said in a statement today.

The total allocated quota for the scheme is 500MW, with 50MW for the domestic segment and 450MW for the non-domestic segment comprising commercial, industrial and agricultural.

The estimated capital investment for solar photovoltaic (PV) systems is RM2.58 million and RM1.87 billion for the domestic and non-domestic segments respectively, MESTECC and the Sustainable Energy Development Authority (SEDA) said in the statement today.

"To further support the solar PV market, SEDA Malaysia has created two solar PV directories which the public can browse for the services they need. At present the directories list 110 registered PV service providers and 27 registered solar PV investors," they said.

SEDA has also launched a new website that features the NEM calculator that can be used by the public to estimate solar PV capacity, minimum upfront cost of investment, monthly electricity savings, simple payback and impact on environmental indicators, among others.

The new website also incorporates a renewable energy (RE) microsite, which features in detail the RE programmes available in Peninsular Malaysia, SEDA said.

Source: www.theedgemarkets.com