Friday, June 17

Related News ! Phoenix Solar forms Malaysian subsidiary to tap new feed-in tariff

Germany’s Phoenix Solar has established a new subsidiary in Malaysia to develop and build turnkey ground-mounted and rooftop photovoltaic (PV) plants.



The Malaysian subsidiary, based in capital Kuala Lumpur, will also offer products and services such as stand-alone PV systems and building-integrated solar plants.
Phoenix’s Singapore branch has already completed two projects in Malaysia – a rooftop plant with 169kWp built on a factory building and a 71kWp plant installed on the roof of a governmental building.
The draw into Malaysia follows an announcement by the ministry of energy on the introduction of feed-in tariff (FIT) for PV plants from 2011 onwards.
Industry observers say the FIT scheme could be introduced as early as October this year.
Malaysia’s National Renewable Energy Policy and Action Plan provides for an increase in the output of electricity from renewable energies from 1% to 5.5% by 2015.


PV electricity is to be subsidised at a rate of about $0.27-57 per kilowatt hour over a period of 21 years, with an annual degression rate of 8% for newly installed systems.
The Malaysian parliament is expected to consult on the National Renewable Energy Policy and Action Plan in October.

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