The Edge Malaysia
Malaysia is expected to more than double its renewable capacity from 6GW to 14GW, rising from 18% to 30% of the generation mix. This will be primarily driven by a push towards large-scale solar (LSS) investment, which offers an attractive partnership proposition for many international players. Market liberalization efforts are also underway, with a fully-competitive power market targeted over coming years.
In addition, Malaysia boasts a unique opportunity for green hydrogen, a technology which has long threatened to revolutionize the energy industry. Green hydrogen could offer a sustainable long-term industry in Sarawak, offering investment potential for both infrastructure players and storage developers.
In this column written for The Edge Malaysia, BCG’s Dave Sivaprasad and Priyanshu Kumbhare dive into Malaysia’s renewable energy landscape and what it means for joint venture partnerships with local vendors and also foreign investors.
