Just read in the papers that the State of New South Wales had to redefined her solar energy generation policy which is to encourage consumers to install solar panels in their homes so as to generate renewable energy for the grid. The target is to encourage the generation of 50 mw of electricity for the grid and householders are to be paid 60 aussie cents (roughly MR1.65)per kilowatt that is sent to the grid. This scheme is so popular that the target has been exceeded in less than 8 months since its introduction. Now there is talk about redefining the policy in order to encourage more as well as sustainability of the scheme. This is one example of the popularity of renewable energy schemes in Australia and there are pros and cons as to its long term viability. We will be introducing Malaysia’s version soon and I do hope we will be getting as good a reaction from members of the public as the NSW’s initiative.
Published on Sun, Feb 5th 2012, 08:29