A review on highlights and feasibility studies on solar energy utilization in Malaysia

Over the years, solar has been one of the main substitutes of electricity resources worldwide including Malaysia in effort to reduce the dependency on the conventional fossil fuel. In this paper, the status of solar energy in Malaysia Plans is investigated while the techniques used in various techno-economic and economic feasibility studies on the implementation of solar energy system are analyzed. The state of awareness and understanding on solar energy among Malaysians is also determined. It has been found that a mathematical formulation method as well as an iterative technique which both consider lots of uncertainties are capable in optimally designing a photovoltaic, PV system while minimizing the cost. Meanwhile, a financial model using probabilistic and sensitivity analysis is able to provide the potential investors with the profitability of a PV project. Finally, several surveys has proven that Malaysian people are lack of awareness, information thus interest on solar technology. Therefore, in eval...