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THE atmosphere in Malaysia’s once-boring solar power industry has completely changed in recent years. Between 2014 and 2019, solar is the only renewable energy (RE) source that has grown by a whopping 432% in installed capacity. The soaring appetite for solar power was thanks to conducive government policies such as tax incentives, apart from cheaper photovoltaic systems, that encouraged solar energy adoption across the commercial and residential sectors. The growth is further strengthened by the entry of non-power producers into the industry and the growing need for companies to boost their environmental, social and governance (ESG) profiles. There remains huge untapped potential for the solar power industry in Malaysia, and this is complemented by an increasingly high demand from the market.

United statesPeninsular malaysiaMalaysia generalTenaga nasional bhdDavis chongPeninsular malaysia generation development planNet energy meteringAustralian energy market operatorEnergy commissionSustainable energy development authority sedaMalaysian photovoltaic industry associationNatural resources ministrySolarvest holdings bhdNational electricity marketNet offset virtual aggregationSolarvest holdings