Malaysia's Leap into Renewable Energy: Progress and Collaborations

Malaysia is at the forefront of sustainable energy practices, with a significant push towards renewable energy initiatives. Despite renewable energy consumption, including hydro and biomass, accounting for only 4% of total energy use in 2023, the government is enhancing support for photovoltaic and energy storage sectors. A series of policy incentives is set to accelerate the development of renewable energy installations.

Policy Incentives

Extended Solar Installation Subsidies

The Ministry of Energy Transition and Water Transition (PETRA) has extended the tax rebate for solar system installations under the "SolaRIS" incentive program. This extension runs until April 30, 2025, offering a maximum rebate of 4,000 Malaysian Ringgit (equivalent to 6,500 Chinese Yuan). This initiative is expected to boost solar energy adoption in Malaysia. Learn more about SolaRIS.

Increased Net Metering Quotas

PETRA has improved the Net Energy Metering (NEM) program, now including agricultural electricity users. The NEM quota for residential users has been increased by 150MW, reaching a total of 600MW. For commercial and industrial users, the quota has been increased by 300MW, reaching 1,700 MW. This expansion is a significant step towards encouraging rooftop solar installations. Read about NEM program improvements.

Expansion of Self-Generation and Self-Consumption Scope

On December 24, PETRA announced the expansion of the Solar Self-Consumption (SelCo) program. This move allows ground-mounted and floating photovoltaic systems to participate and removes capacity limits for non-residential users, further promoting the use of renewable energy. Discover the benefits of SelCo.

Cross-Border Electricity Exports

ASEAN Chairmanship and Green Energy Commitment

With Malaysia set to assume the ASEAN chairmanship in January 2025, it aims to promote green and renewable energy as a common commitment. The development of the ASEAN power grid will facilitate cross-border electricity transmission and optimize energy utilization using IoT and AI technologies. Explore ASEAN's renewable energy initiatives.

Singapore's Renewable Energy Imports

In December 2024, Singapore began importing low-carbon electricity from Malaysia, with Sembcorp Power initiating the import of 50MW of renewable electricity from Tenaga Nasional Berhad (TNB). Singapore's plan to import up to 6GW of low-carbon electricity by 2035 signifies a strong commitment to sustainable energy. Find out more about Singapore's renewable energy imports.

Malaysia's strategic policy updates and cross-border collaborations are signaling a significant shift towards renewable energy. These efforts not only demonstrate environmental consciousness but also economic strategy, positioning Malaysia as a key player in the regional energy landscape.

For more updates on Malaysia's renewable energy journey and its impact on the ASEAN region, visit www.novacleaning.net. Stay informed with the latest insights and policy analyses by following our LinkedIn page.