29 April Recent updates from Malaysia and Southeast Asia April 29, 2024 By AMPLA Admin General, Resources and Energy Energy, Educational 0 Acknowledging the need in its country, the Government of Malaysia has recently introduced several new programs that aim to improve low carbon and renewable energy generation in the country. The Prime Minister Anthony Albanese has also announced that Australia will establish a $2b finance facility to fund green energy transition and infrastructure development in Southeast Asia. The fund will be managed by Export Finance Australia and is intended to encourage trade and investment in clean energy transition and infrastructure development projects in the region. It is estimated that Southeast Asia will need an additional 454 GW of capacity by 2050, a transition that could employ more than 5 million people. Acknowledging the need in its country, the Government of Malaysia has recently introduced several new programs that aim to improve low carbon and renewable energy generation in the country. The Low Carbon Energy Generation Program (LCEGP) was introduced by the Ministry of Energy Transition and Water Transformation (known as PETRA) with the intention of improving energy reliability in the country and establishing new renewable power generation sources. The LCEGP will provide assistance to power generation projects that leverage low-carbon power generation like small hydro, biogas and hydrogen. The quota for this program is 400 MW and will be allocated on a first come, first served basis. To be eligible the projects will need to be registered under the New Enhanced Dispatch Arrangement. PETRA has also introduced a new incentive program to encourage the installation of solar photovoltaic systems by consumers called the Solar for Rakyat Incentive Scheme (SolaRIS). First-time applicants to the Net Energy Metering programme can receive a rebate of RM1,000/kWac up to a maximum or RM4,000. Rebates will be offered on a first come first served basis potentially up to the end of December 2024, with an additional quota of 100MW for the Net Energy Metering programme (this is in addition to quota increases announced in January 2024). If approved, consumers will need to install operational systems by 31 March 2025. SolaRIS will be administered by Tenaga Nasional Berhad. The Malaysian Energy Commission has also announced a new Large Scale Solar competitive bidding process known as LSS PETRA. The process will offer 2,000MW of capacity in four separate packages. Three of the packages are for rooftop or ground-mounted solar projects while the fourth is for floating solar projects. The bidder criteria varies, with one package requiring 100% Bumpiputera equity, while another requires 51% Bumpiputera equity and the final two require a minimum of 51% local Malaysian equity. The projects are scheduled to commence operation by 2026. These initiatives are a positive step towards increasing the renewable energy capacity of Malaysia and will assist in meeting its objective of achieving net-zero emissions by 2050. Related Articles Submission - DISER Consultation Paper December 2020 ‘Enhancing Australia’s decommissioning framework for offshore oil and gas activities’ Recent updates in New Zealand, Canada, Indonesia and Vietnam The industry’s legal landscape continues to evolve across the world. This article outlines some recent updates from New Zealand, Canada, Indonesia and Vietnam. Key industry updates in Asia In recent months several countries in Asia have announced regulatory changes to support their transition to renewable energy. Recent State legislative updates Both Victoria and South Australia have recently progressed significant legislation focused on renewable energy. The Victorian Government’s Climate Change and Energy Legislation Amendment (Renewable Energy and Storage Targets) Bill 2023 has had its second reading in the Legislative Assembly. The Bill is intended to reduce the cost of power bills, create tens of thousands of jobs and encourage investment in the State’s renewable energy industry. Recent regulatory updates across Australia This article provides an overview of developments in the industry over the past couple of months that have occurred in several states across Australia. FORREST AND FORREST PTY LTD AND MINISTER FOR ABORIGINAL AFFAIRS [2023] WASAT 28 Western Australia’s State Administrative Tribunal (SAT) has rejected a review, by Forrest & Forrest Pty Ltd, against the refusal of consent to impact an Aboriginal site in constructing weirs across the Ashburton River. A unanimous three-member panel published its decision in April 2023. SAT’s decision and reasoning has direct significance and use for anyone involved in processes for a s 18 consent under the Aboriginal Heritage Act 1972 and broader relevance for the law around protection of Aboriginal heritage in Western Australia. With the WA Government announcing the reversal of recent statutory changes and a return to the 1972 legislation, SAT’s decision has increased relevance. Showing 0 Comment Comments are closed.