News

Malaysia’s Citaglobal and Abu Dhabi clean energy company Masdar have signed an agreement for the joint development of renewable energy projects worth 2 GW.

Malaysia plans to develop Southeast Asia’s biggest solar hybrid facility to achieve its 70% goal of renewable energy capacity by 2050, said Economy Minister Rafizi Ramli.

Malaysian green energy company Solarvest is planning to enter the Singapore and Brunei markets to meet the growing demand for sustainable energy solutions.

Malaysia ‘s National Carbon Policy, which aims to provide guidance on carbon trading at the state level, is expected to be ready for carry out this year.

Petronas said on June 28 that it has signed a development agreement with TotalEnergies Carbon Neutrality Ventures and Mitsui & Co. Ltd. to collaborate on a carbon capture and storage (CCS) project in Malaysia.

Sarawak Energy plans to install at least 400 MW of floating solar capacity at its dams by 2030 as the Malaysian utility expands to meet rising demand for renewable energy from neighboring countries.

Malaysia’s Ministry of Natural Resources, Environment and Climate Change and Ministry of Economy have proposed new renewable energy initiatives to drive the development of the country’s renewable energy industry.

Malaysia’s state-owned oil and gas company Petronas is finalizing its acquisition of German developer Wirsol's renewable assets and pipeline in Australia, according to sources involved in the transaction.

Bursa Malaysia launched the country’s first voluntary carbon market (VCM) on December 9, with the first carbon credit auction to take place next March.

Malaysia is poised to become one of Asia's leading carbon markets, according to global consulting giant McKinsey & Co.