STUDY ON THE SUCCESS AND LIMITATIONS OF FEED IN TARIFF (FIT) MECHANISM IN MALAYSIA

Abstract

Malaysia have set an ambitious target for the national Renewable Energy (RE) installed capacity mix at 31% and 40% by 2025 and 2035 respectively. Based on the current RE growth rate, it will be a hustle for the government to meet the target. The growth of each RE sources also differs significantly even though similar FiT design mechanism applies for all RE sources available in Malaysia. Therefore, in this research project, the RE installed capacity mix is forecasted for Business as Usual (BAU) and alternative new RE projects scenario. The analysis of success and limitations of each RE sources under Feed in Tariff (FiT) mechanism is also done through a questionnaire survey to the energy sector personnel in Malaysia. The response were then analyzed using Oneway Analysis in JMP15 software