News

Malaysia is seeking foreign investors in high-value industries such as electric vehicles (EVs), semiconductors and carbon capture, according to its trade and investment minister.

Malaysian infrastructure giant Gamuda will establish a joint venture to develop a 187.5 MW hydroelectric power plant in Tenom through a private finance initiative, with the total project cost estimated to be around RM 4 billion.

Gentari, the clean energy division of Malaysia's Petronas, has partnered AM Green to jointly invest, in phases, into a green ammonia platform, AMG Ammonia.

Malaysia may have target ambitious goals of 70% renewable energy capacity and net-zero emission by 2050, but industry leaders believe that its policies are still lagging behind.

The Malaysian government is planning a rooftop solar buyback program and will extend the net energy metering program (NEM) until December 31, 2024, as part of Budget 2024.

Japanese electronics giant Panasonic has announced that its automotive systems factory in Penang, Malaysia is now operating as a net-zero carbon emission plant.

Malaysia’s Parliament on passed a law on 11 October that will require the biggest energy consumers to implement power-saving measures, as it looks to reduce its energy consumption and carbon emissions.

Clean energy developer Masdar has inked a MoU with Malaysian Investment Development Authority to invest $8 billion in up to 10 GW of renewable energy projects in Malaysia.

Malakoffis expected to invest RM2.5 billion to develop 500 MW of solar projects within the Albukhary Group of Companies over five years.

Malaysia's TNB is making significant progress in its pledge to drive large-scale renewable energy and clean technology initiatives, spearheading three flagship projects as outlined in the NETR.