News

MOSTI provides over RM254 mln in loans for solar technology research, applications

Datuk Seri Dr Adham Baba (File pix)

JOHOR BAHRU, Sept 22 (Bernama) -- The Ministry of Science, Technology and Innovation (MOSTI) (MOSTI) had provided over RM254 million in loans for research and technology applications in the country’s solar energy industry from 2011 to 2021.

Its minister, Datuk Seri Dr Adham Baba said that from this amount, RM14.8 million was allocated for higher learning institutions, government agencies and stakeholders for research and development (R&D) on local solar energy.

He said MIMOS Berhad had developed four R&D projects through a sum of RM15.22 million from the ScienceFund and Strategic Research Fund to increase the solar energy output by using the local axis tracker and high-efficiency solar panels. 

“Besides that, three energy expert companies for the photovoltaic solar system services including the building of solar power plants of 10 megawatts by MOSTi’s agency, namely, Malaysia Venture Capital Management Berhad (MAVCAP) through the Exploration Capital Fund totalling RM16.85 million.”

Dr Adham said this in his speech when officiating at the Malaysian Photovoltaic Industry Association (MPIA)’s Solar Roadshow 2022, here, today. Also present was MPIA vice-president, Datuk Muhammad Guntor Mansor Tobeng.

Dr Adham said RM207.75 ,million in loans were given out to 23 local companies involved in the solar energy technology industry through Malaysia Debt Ventures (MDV) under the Liquidity Financing For Technology Start-Ups (MDV-LIFTS) programme.

Meanwhile, Muhammad Guntor said that MPIA, through a special memorandum to the Finance Ministry in conjunction with the tabling of Budget 2023, had suggested personal tax reduction of RM50,000 in five years for the installation of solar panels.

“The same for the sales and services tax (SST) and import duty on businesses related to solar panels and the battery storage power system.

“We hope the government will consider these proposals and be believe this could be a catalyst to using renewable energy which is in line with the government’s mission and target,” he added.

-- BERNAMA

 

    Other News

Solarvest Akan Pasang Panel Fotovoltaik Solar Terbesar Di Malaysia Di Pusat Beli Belah 1 Utama

KUALA LUMPUR, 15 April (Bernama) -- Bandar Utama City Centre Sdn Bhd melantik anak syarikat Solarvest Holdings Bhd, Solarvest Energy Sdn Bhd, untuk memasang panel fotovoltaik (PV) solar terbesar di Malaysia dan panel PV bersepadu-bangunan di pusat beli-belah 1 Utama.

Verdant Solar Sasar 2,600 Pemasangan Panel Pada Tahun Ini - Ceo

Oleh Siti Radziah Hamzah

KUALA LUMPUR, 11 April (Bernama) -- Penyedia penyelesaian tenaga solar, Verdant Solar Sdn Bhd menyasarkan untuk menggandakan bilangan pemasangan panel solarnya kepada 2,600 pada tahun ini berbanding 1,300 pada 2023.

Aidilfitri: Orang Ramai Dinasihat Utamakan Keselamatan Elektrik Dan Gas - St

PUTRAJAYA, 8 April 2024 (Bernama) -- Orang ramai dinasihatkan supaya mengutamakan keselamatan elektrik dan gas menjelang sambutan Aidilfitri tidak lama lagi.