Malaysia: RM 88 Million to be invested in Solar Energy Solutions
The Government will contribute 24 percent of the RM88 million budgeted to kick-start usage of solar energy in Malaysia over the next five years.
"The Global Environment Facility will contribute 20 percent of the budget and the private sector 28 percent," said Ahmad Hadri Haris, national project leader for Malaysia Building Integrated Photovoltaic Technology Application Project (MBIPV).
The balance will be contributions in kind by the government and private sector, he said at a press conference here Tuesday.
Ahmad said under the Ninth Malaysia Plan, the government would use MBIPV as a platform to kick-start usage of solar energy.
"The project is fully supported by United Nations Development Programme," he said.
He said solar energy was the fastest-growing energy source in the world with annual growth rates in the range of 25 percent to 30 percent per annum over the last 15 years.
"Globally, photovoltaic industry generates revenue of over US$10 billion to US$12 billion (US$1=RM3.65) and this includes sales of modules, equipment and system installation," he said.
He said in 2005, the total photovoltaic installed capacity for Organisation for Economic Cooperation and Development was over 3.7 gigawatt (GW).
"Germany leads the world with over 1.43GW photovoltaic installed capacity, followed closely by Japan with 1.42GW," he said.
