KUALA LUMPUR, March 20 (Bernama) — The Energy, Green Technology and Water Ministry is considering including wind and thermal energy into the renewable energy mix of feed-in-tariff (FIT) system.
The two energy sources are currently not incorporated in the FIT system due to lack of sufficient sources. Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui said new technologies have enabled energy to be generated even with lesser capacity of sources such as slower wind.
“We are still studying it. If it is applicable for Malaysia to use wind turbine, then why not,” he told reporters after witnessing the signing of a
technology transfer agreement for the Maglev Turbine System between China-based Shenzen Timar Scenery Energy Technology Co Ltd and Timar Wind Solar Energy Sdn Bhd.
Chin said generating electricity using wind is more cost effective as it is cheaper than solar electricity generation. Governed by the Sustainable Energy Development Authority of Malaysia (SEDA), an agency under the ministry which acts as a one-stop-centre for sustainable energy, the FIT system promotes the uses of solar, hydro, biogas and biomass as alternative renewable energy sources to generate electricity.
Meanwhile, Timar Wind Solar Energy chief executive officer Simon Lee said the company”s factory, scheduled to commence operation within this year will cater for the export and domestic markets. The company aims to generate RM200 million in revenue in the first year of operation. Lee said regional countries are expected to become important markets to the company due to the Asean Free Trade Area (Afta) advantage.–BERNAMA