KUALA LUMPUR (Oct 17): The Sustainable Energy Development Authority (Seda) said bidders can apply online for the Feed-in Tariff (FiT) quota of 190 megawatts (MW) allocated for 2025 from Jan 15 to Feb 19.

The quota includes 50MW for biogas, 40MW for biomass, and 100MW for small hydropower projects, said Seda in a statement on Thursday.

The agency said it has introduced improvements to the existing FiT application process with the launch of FiT 2.0, which features a two-phase tariff system.

While the first phase offers a fixed FiT rate for the first 10 years, the second phase will allow eligible companies to bid within the tariff floor and ceiling rates set by Seda for the remaining 11 years of the renewable energy power purchase agreement (Reppa).

Deputy Prime Minister Datuk Seri Fadillah Yusof, who is also the energy transition and water transformation minister, had announced the 190MW quota allocation at the sixth International Sustainable Energy Summit (ISES) on Aug 20.

Seda said the FiT 2.0 quota offer for 2025 is expected to attract investments amounting to RM2.1 billion and create as many as 4,514 direct and indirect job opportunities in the renewable energy industry.

Projects under this quota are expected to begin supplying electricity between 2028 and 2030, contributing to the nation’s economic growth while supporting Malaysia's renewable energy targets of 40% by 2035 and 70% by 2050.

Since its introduction in 2011, the FiT mechanism has approved 1,271.69MW of renewable energy projects across Peninsular Malaysia, covering 9,644 projects.