Aug 11 (Renewables Now) - Malaysia’s Energy Commission (ST) received bids for nearly 1,640 MW of solar capacity in response to a request for proposal (RfP) for large-scale solar projects.
The auction will award 360 MW of capacity in Peninsular Malaysia and 100 MW in the federal territory of Labuan for a combined 460 MW.
The best offer received in that round was of MYR 339.8 (USD 79.1/EUR 67.3) per MWh for a 30-MW solar project on the peninsula. The highest bids were for MYR 530/MWh for Labuan projects of 5 MW and 2 MW.
A detailed evaluation will now follow of all bids received. They can be seen in that document.
The winning photovoltaic (PV) projects will be connected to the distribution grid and will sell their output to Tenaga Nasional Berhad (KLSE:TENAGA) or Sabah Electricity Sdn Bhd (SESB). They are expected to be completed in 2019-2020.
Once bidder can offer no more than three projects and there are strict rules for domestic participation.
(MYR 10 = USD 2.33/EUR 1.98)