Renewable Energy in Malaysia.

We happen to know about the renewable technology that we should implement at our home or office but somehow or rather people always complaining about the cost. There are six different types of potential renewable energy resources in Malaysia (i.e. Solar PV, Biogas, Biomass, Wind, Geothermal and Mini-hydro). In Malaysia, Solar PV and Biomass is renewable energy sources that most widely used. All these resources is not new in Malaysia.

The new surcharge rates on electricity bills for the renewable energy fund (KWTBB) has been incresed from 1% to 1.6% for Peninsular Malaysia which is RM77 on electricity monthly bill and whereby Sabah and Wilayah Persekutuan Labuan is RM69 above, and it has been effective starting from January 1st. The SEDA’s renewable energy fund was created to support the feed-in-tariff (FiT) program that was introduced in December 2011.

There are many benefits of FiT mechanism that people might not be aware. For example, reducing the CO2 emissions by replacing fossil fuel-based power production with clean, renewable energy. FiT will also help to create greener job opportunities and dive to technological innovation. The most important part will be the guarantee investment security for this renewable energy for the investor and providing a passive income to them.

For those who are interested for applying the FiT program, there are 2 banks that take part in collaborating with SEDA Malaysia, that is Alliance Bank and Bank Muamalat.

Renewable energy is a technology that we should give it a thought because this kind of technology is something that useful for all of us and as well as for the future. The growth of the Green Technology industry will ensure the growth of the national economy. This will help in overcoming the nature problem and improving the health and lives and at the same time protect the ecosystem.

Just give it a thought; as it might give or reflects a different perspective to the future.