Malaysia represents an encouraging environment for potential investors and operators. It is ranked 12th in the World Bank’s Ease of Doing Business index . Power market liberalisation efforts are also underway, under the Malaysia Electricity Supply Industry (MESI) 2.0 reforms. This programme is driving gradual liberalisation of power market segments, with a fully competitive power market targeted over the coming years, opening up opportunities for investment and competition.”
Asia-Pacific’s (APAC) renewable energy capacity will grow by 7% year on year over the next decade, adding a significant two terawatts of capacity by 2030. This remarkable growth will be driven by rising populations, strong economic prospects and lucrative potential in a market with relatively low renewable penetration.
Investment and innovation in Thai renewable energy
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published : 15 Mar 2021 at 04:30
1 A floating solar power installation with a capacity of 45 megawatts in the reservoir of the Sirindhorn Dam in Ubon Ratchathani will be the world s largest when completed in June, according to the Electricity Generating Authority of Thailand. Photo Courtesy of EGAT
Renewable energy capacity will increase by two terawatts in the Asia Pacific region over the next decade, driven by population growth, strong economic performance, and significant market potential. Southeast Asia will play an important role in this growth, with the region s electricity demand expected to double by 2040, twice the global average rate.