News

Malaysia’s Semarak Renewable Energy (Semarak RE) successfully secured a financing package of RM1.88 billion from Singaporean investment firm Captiale Ventures on Feb. 20 for its green hydrogen project in Perak.

Malaysia’s deputy minster for Energy Transition and Water Transformation announced an encouraging surge in solar panel installations in residential areas across the country, marking a promising step towards its energy transition.

Malaysia’s Sarawak state government is proposing to sell excess green energy to Singapore, and in return, Singapore will invest in data center projects, according to the state’s premier, Abang Johari Openg.

The Ministry of Energy Transition and Public Utilities in Malaysia, through the SEDA, has approved the development for the implementation of 22 renewable energy projects from biogas and biomass, with a total capacity of 36.534 MW.

Malaysia Airports Holdings Berhad (MAHB) ensures the sustainable development of its airports through solar power system.

Prasarana Malaysia Bhd will cease placing orders for diesel-fueled buses as part of efforts to increase the adoption of electric buses. Transport minister Loke Siew Fook said the final batch of diesel buses is expected to be delivered in 2025.

Sarawak Energy Berhad (SEB) has become the first major corporation in Malaysia to receive international recognition as the Science Based Target Initiative (SBTi) validates the state-owned energy firm’s near-term carbon emissions reduction target.

The power sector in Malaysia is expected to see a proliferation of solar projects in 2024, as households and companies seek to lower electricity bill and reduce carbon footprint.

Malaysia’s Minister for Natural Resources and Environmental Sustainability, Nik Nazmi, is taking measures to tackle climate change by proposing a substantial shift in energy subsidies and promoting sustainable practices.

Nefin Group, an independent green power producer, targets to secure 100 MW of solar power projects across Southeast Asia in 2024, with Malaysia expected to contribute over 30% of the total, driven by an expansion in market penetration and market share.