Malaysia is the latest country to develop a feed-in tariff system for renewable energy sources.
The sophistication of Malaysia's proposed plan is considered to rival any other feed-in tariff system in the world. It will offer subsidies for photovoltaic solar power, biomass, biogas, and small-scale hydropower.
In June the Malaysian government announced the National Renewable Energy Policy and Action Plan which calls for the East Asian-state to increase its renewable energy capacity from 1% to 5.5% by 2015.
In October, parliament will debate implementing the Renewable Energy Act and the Act for a Feed-in Tariff Implementing Agency. It is expected that both pieces of legislation will pass, and the feed-in tariff program will be launched in the second quarter of 2011.
Read the full story at Renewable Energy World: Malaysia's 2011 Proposed Solar, Biomass, Biogas, & Hydro Tariffs
Image credit: judhi via Flickr
Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.