PETALING JAYA: Tough economic times are the best time for companies or individuals to invest in solar photovoltaic systems, says the Sustainable Energy Development Authority (Seda).
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.
Malaysia s commercial and industrial PV segment is thriving finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: G Capital Bhd has entered into a joint venture (JV) and shareholders’ agreement with Worldwide Energy Development Sdn Bhd and Cekap Hydropower Sdn Bhd to jointly participate in the e-bidding submission for small hydro quota 2021.