Malaysia is the latest country to develop a feed-in tariff system for renewable energy sources.
Recently the United Kingdom and Canada's province of Ontario have implemented feed-in tariff programs which have built upon the precedents set by schemes in Germany and Spain.
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
Nathanael Baker is the Managing Editor of EnergyBoom. He has researched and reported on the issues of renewable energy, sustainability, and climate change for over two years. He has provided research to the New York Times and The Economist, as well as being published on different media outlets including, The Energy Collective.
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.
