Malaysia's Renewable Energy Boom: 4,000 MW Solar Projects and Ambitious 2025 Targets
Malaysia's renewable energy sector is booming. The government has already energized around 4,000 MW of large-scale solar projects. It has also passed the Energy Efficiency and Conservation Bill 2023 and submitted the Carbon Capture, Utilisation and Storage Bill. To encourage participation, the community electricity tariff under the Cream scheme has been reduced from 15 to 9 cents per kWh.
The National Energy Transition Roadmap (NETR) is driving this growth. Since its launch, the government has approved an additional 5.5 GW of new RE capacity, valued at MYR25 billion ($5.92 billion). This roadmap sets ambitious targets: 31% RE mix by 2025, 40% by 2035, and 70% by 2050. The Cream scheme, which allows homeowners to rent out their rooftops for solar power generation, is a key part of this. It aims to increase public access to clean energy, enhance grid flexibility, and promote sustainability.
The scheme has received positive feedback. The Corporate Renewable Energy Supply Scheme (Cress) also saw success in 2024. Malaysia is on track to meet its 2025 target and aims to attract MYR1.2-1.3 trillion in investments by 2050 to support its renewable energy transition.
With approximately 4,000 MW of large-scale solar projects already energized and additional capacity approved, Malaysia's renewable energy sector is thriving. The government's policies and schemes are driving this growth, with the country on track to meet its 2025 target and attract significant investments by 2050.
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