Connection

popular articles

Pakistan encourages Chinese power plants to use local Thar coal
HVO Seeks Short-Term Extension of Key Coal Mine Operations in Australia
Hydro-Québec launches a 10 G$ energy efficiency plan by 2035
H2 Global Energy Finalizes Preliminary Studies for a Green Ammonia Plant in Morocco
Ecuador suspends oil exports after major hydrocarbon spill

Malaysia Targets 40% Renewable Energy by 2035

Malaysia plans to achieve 40% renewable energy capacity by 2035, building on its untapped potential, according to an analysis by GlobalData.
La Malaisie Vise 40% d'Énergies Renouvelables d'ici 2035.
  • [favorite_button]

Please share:

Malaysia has announced its intention to achieve 40% renewable energy capacity by 2035. This ambition is underpinned by a recent analysis by GlobalData, revealing the country’s significant yet untapped potential in terms of renewable resources. According to the study, Malaysia, which had set an initial target of 31% for 2025, is well placed to achieve this new target. In 2021, Malaysia’s Ministry of Energy and Natural Resources (KeTSA) had already set ambitious targets as part of its National Energy Policy for 2022-2040. According to IRENA, the country is to double its investment in renewable energies to a minimum of $375 billion. The strategy aims to develop 18.4 GW of renewable energy capacity by 2040, covering sectors such as solar, bioenergy and hydropower.

Progress and Key Initiatives

Currently, 13.3% of Malaysia’s total capacity comes from renewable energies. At this rate of growth, GlobalData predicts that the country could reach 18.2% renewable capacity by 2025 and 36.4% by 2035. These figures show a significant and steady progression, supported by policies and incentive programs. One of the key programs introduced by Suruhanjaya Tenaga, Malaysia’s energy commission, is the large-scale solar program launched in 2016. This program, with a total allocation of 1.25 GW for the 2017-2020 period, has enabled a significant acceleration in the growth of grid-connected photovoltaic systems. In addition, the Net Energy Metering program has fostered the growth of the distributed renewable energy market.

The Role of Government and Tax Incentives

To further support the development of renewable energies, the Malaysian government has extended initiatives such as the Green Investment Allowance and the Green Income Tax Exemption until 2023. In addition, a tax exemption has been announced for solar leasing companies until December 2026. These measures are designed to stimulate private investment and encourage the adoption of renewable technologies. Despite only one small onshore wind farm with a capacity of 0.2 MW, GlobalData points out that several small wind projects could nevertheless have a significant impact. The variability of wind speeds in the region remains a challenge, but the untapped potential offers opportunities.

Future prospects and challenges

Malaysia’s energy transition towards a greater share of renewable energies is crucial to its energy security and to addressing global climate concerns. The development of these resources could not only diversify the country’s energy mix, but also strengthen its resilience in the face of fluctuating fossil fuel prices. Malaysia’s strategy reflects a global trend towards clean, sustainable energy. However, the country must overcome challenges such as integrating renewables into an existing power grid, and managing the intermittency associated with solar and wind power sources. With rigorous planning and sustained investment, Malaysia seems well positioned to meet its ambitious targets and play a leading role in the region’s energy transition.

Register free of charge for uninterrupted access.

Publicite

Latest news

Project InnerSpace launches roadmap to boost geothermal energy in Indonesia
HDF Energy signs two agreements in Indonesia for green hydrogen projects
Plug Power sets industry record with 300 tonnes of liquid hydrogen produced
NuScale receives US approval for 77 MWe modular reactor design
Xlinks suspends Morocco–UK power link due to tariff impasse

Recently published in

Egypt authorises four private producers to supply 400 MW of electricity to industrial clients

Four renewable energy producers have been authorised to sell 400 MW directly to Egyptian industrial companies without public support.
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Madrid rejects claims of experiment linked to nationwide power outage
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
en_1140290951540-16
Madrid rejects claims of experiment linked to nationwide power outage
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
en_1140290951540-16
Wood Mackenzie’s tariff scenarios reshape global energy policy
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
en_1140290949540-15
Wood Mackenzie’s tariff scenarios reshape global energy policy
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
en_1140290949540-15

The European Union moves closer to 2030 energy targets, says Brussels

The European Commission states the Union is on track to cut emissions by 54% by 2030, following updated national plans.
South Korea Launches Tenders for 2.25 GW of Renewable Energy
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
en_1140290960540-14
South Korea Launches Tenders for 2.25 GW of Renewable Energy
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
en_1140290960540-14
Ember forecasts solar and wind could power 30% of ASEAN data centres
Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.
en_1140290952540-14
Ember forecasts solar and wind could power 30% of ASEAN data centres
Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.
en_1140290952540-14
India steps up energy strategy as electricity demand set to triple
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
en_1140290956540-14
India steps up energy strategy as electricity demand set to triple
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
en_1140290956540-14

Indonesia plans 69.5 GW of new power capacity by 2034

The Indonesian government targets a mixed energy expansion involving coal, gas, renewables, and nuclear, requiring IDR2,967.4tn ($235bn) in investment by the end of 2034.
Tim Hodgson aims to accelerate permitting to revitalize Canada’s energy sector
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
en_1140290944540-12
Tim Hodgson aims to accelerate permitting to revitalize Canada’s energy sector
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
en_1140290944540-12
Washington prepares to remove emissions limits for coal and gas power plants
The U.S. Environmental Protection Agency is finalising a proposal to lift emissions caps for thermal power plants, amid a broader shift toward national energy security.
en_1140290959540-12
Washington prepares to remove emissions limits for coal and gas power plants
The U.S. Environmental Protection Agency is finalising a proposal to lift emissions caps for thermal power plants, amid a broader shift toward national energy security.
en_1140290959540-12
Pakistan allocates 2,000 MW to AI data centres and Bitcoin mining operations
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
en_1140290956540-12
Pakistan allocates 2,000 MW to AI data centres and Bitcoin mining operations
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
en_1140290956540-12

China surpasses 26% wind and solar electricity share in April, setting new record

In April, China generated 26% of its electricity from wind and solar, according to Ember, marking a historic first that reflects a rapid rebalancing of its energy mix.
Belgium legalises extension of two nuclear reactors until 2045
Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
en_1140290956540-11
Belgium legalises extension of two nuclear reactors until 2045
Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
en_1140290956540-11
Australia commits AUD 22.7bn to support its energy policy through 2030
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
en_1140290972540-3
Australia commits AUD 22.7bn to support its energy policy through 2030
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
en_1140290972540-3
US budget proposal threatens tax incentives for renewable energy projects
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
en_1140290975540-2
US budget proposal threatens tax incentives for renewable energy projects
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
en_1140290975540-2

China slows fossil fuel output in April despite higher year-on-year volumes

China's gas, oil and coal volumes remain above last year’s levels, despite a decline in April compared to the record highs of March.
Regulator Ofgem forecasts 7% drop in energy bills from July
The UK’s energy price cap is expected to fall to £1,720 ($2,187) in July, according to Cornwall Insight, due to recent movements in wholesale markets.
en_1140290978540-3
Regulator Ofgem forecasts 7% drop in energy bills from July
The UK’s energy price cap is expected to fall to £1,720 ($2,187) in July, according to Cornwall Insight, due to recent movements in wholesale markets.
en_1140290978540-3
European Union cuts Russian gas imports by 98 bcm since 2021
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
en_1140291001540
European Union cuts Russian gas imports by 98 bcm since 2021
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
en_1140291001540
India signs $500,000 agreement to support clean energy startups
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
en_1140291012540
India signs $500,000 agreement to support clean energy startups
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
en_1140291012540

Canada aims to mobilise $1.1tn through major energy projects by 2035

A report from the Public Policy Forum calls for accelerating over 500 energy, critical minerals and infrastructure projects to generate CAD1 100bn in Canadian GDP growth.
Quebec modernises gas regulations and integrates industrial hydrogen
Quebec opens public consultation on draft regulations to revise gas standards and frame the integration of hydrogen, with feedback expected by 27 June.
en_1140290952540-9
Quebec modernises gas regulations and integrates industrial hydrogen
Quebec opens public consultation on draft regulations to revise gas standards and frame the integration of hydrogen, with feedback expected by 27 June.
en_1140290952540-9
Denmark considers lifting 40-year nuclear ban
The Danish government is assessing the possibility of authorising new nuclear technologies, marking a major regulatory shift in energy policy after four decades of prohibition.
en_1140290949540-8
Denmark considers lifting 40-year nuclear ban
The Danish government is assessing the possibility of authorising new nuclear technologies, marking a major regulatory shift in energy policy after four decades of prohibition.
en_1140290949540-8
No cyberattack detected after massive power outage in Spain
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
en_1140290954540-7
No cyberattack detected after massive power outage in Spain
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
en_1140290954540-7

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS