ADUN SPEAKS | The government is committed to fulfilling its promise in the Harapan manifesto.
made by prominent economist Jomo Kwame Sundaram today, there is actually no issues of political will by the Pakatan Harapan government in setting the right tone via policies to promote the uptake of renewable energy.
In October 2018, Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin announced the new Net Energy Metering policy, where excess electricity generated by rooftop solar installations injected back to the grid will offset the intake from TNB on one-to-one basis, making the proposition of installing rooftop solar far more financially attractive. This is arguably the most progressive solar policy in South East Asia.
These policies have not only been attractive to the private sector, but even local governments in Johor, Penang and Selangor have actively pursued solar installations. The government has also introduced the Green Technology Financing Scheme 2.0 where qualified applicants are given a two-percent interest rate subsidy for seven years and 60 percent loan guarantee, making renewable energy projects more bankable and attractive to banks.
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