News

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.

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.

Japanese oil company Eneos and trading group Sumitomo Corp. have announced plans to produce green hydrogen in Malaysia and export much of it to Japan. This initiative aims to further diversify the fuel supply for decarbonization.

Malaysia’s Sarawak will soon commence formal talks with Indonesian government regarding the proposed undersea cables for transmitting electricity from Sarawak to Singapore. This project will run through Indonesian waters, as stated by Sarawak Premier Aban

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.

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.

The state government of Sarawak is studying the possibility of utilizing wood pellets to generate additional energy, according to Premier Abang Johari.