Bids fall to USD 42/MWh in Malaysia's 500-MW solar tender

The third tender under Malaysia’s Large Scale Solar (LSS) programme attracted bids as low as MYR 0.1777 (USD 0.042/EUR 0.038) per kWh, the energy and climate change minister said Tuesday.

The deadline for submissions under the request for proposals (RFP) in the 500-MW tender was August 19. The four lowest bids, with a combined capacity of 365 MW, came below the current cost of gas-fired power generation of MYR 0.2322/kWh, minister Yeo Bee Yin said, as cited by local media, at the 5-in-1 Power & Energy Series.

The reference price in the tender was MYR 0.32/kWh.

The list of winning projects is yet to be disclosed. The plants have to be up and running in 2021, selling their output to Malaysian utility Tenaga Nasional Berhad (TNB) under power purchase agreements (PPAs).

Malaysia has set a 20% renewables target for 2025.

(MYR 10 = USD 2.37/EUR 2.16)

Choose your newsletter by Renewables Now. Join for free!