marine renewable energy is new compared to the above-mentioned technologies. Therefore, limited
data are available. marine renewable energy is yet to become one of the accepted technologies in the FiT system.
Properly enacted policies such as the MRE roadmap and incentive systems may foster marine renewable energy development in the near future.
However, public opinion on this technology may differ from the governmental decision, as an understanding gap exists. Moreover, investors might have a different point of view, even though these beneficial incentive systems ‘seem’ attractive enough for renewable energy project investments.
A local research survey and structured interview were conducted in 2012 to identify the Malaysian renewable energy initiatives among stakeholders including renewable energy developers, palm oil millers, bankers involved in funding renewable energy projects, relevant government agencies and current (non-RE) independent power producers.
The outcomes of the study showed that: (a) the government was not interested in subsidising renewable energy generation, leaving it to the private sector as the prime movers, (b) the monopolistic government-linked utility companies are not interested in investing in renewable energy projects as the generation capacity tends to be small and (c) feedstock owners are not interested in investing in renewable energy projects as alternative usage gives a better yield (Maulud and Saidi, 2012).
marine renewable energy is new compared to the above-mentioned technologies. Therefore, limited
data are available. marine renewable energy is yet to become one of the accepted technologies in the FiT system.
Properly enacted policies such as the MRE roadmap and incentive systems may foster marine renewable energy development in the near future.
However, public opinion on this technology may differ from the governmental decision, as an understanding gap exists. Moreover, investors might have a different point of view, even though these beneficial incentive systems ‘seem’ attractive enough for renewable energy project investments.
A local research survey and structured interview were conducted in 2012 to identify the Malaysian renewable energy initiatives among stakeholders including renewable energy developers, palm oil millers, bankers involved in funding renewable energy projects, relevant government agencies and current (non-RE) independent power producers.
The outcomes of the study showed that: (a) the government was not interested in subsidising renewable energy generation, leaving it to the private sector as the prime movers, (b) the monopolistic government-linked utility companies are not interested in investing in renewable energy projects as the generation capacity tends to be small and (c) feedstock owners are not interested in investing in renewable energy projects as alternative usage gives a better yield (Maulud and Saidi, 2012).
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