Solar electricity market in Malaysia: A review of feed‐in tariff policy

Malaysia's renewable energy (RE) feed‐in tariff (FIT) (REFIT) is a new incentive for energy producers, the effects of which are unclear for investors. This study utilizes archival research method on existing Malaysian policies, plans, strategies, and action plans to present a comprehensive view of the solar aspect of the Malaysian FIT policy. This paper discusses Malaysia's REFIT scheme and the benefits of implementing the FIT policy in the solar sector. The Malaysian solar energy sector can preserve the country's oil and gas reserves, thus reducing carbon production and hindering environmental degradation. This paper examines the advantages and disadvantages of the Malaysian FIT model, and it concludes with an analysis of this design, with a focus on its implications for investors and for society. © 2014 American Institute of Chemical Engineers Environ Prog, 34: 600–606, 2015

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