Malaysia's Renewable Energy Capacity Projected to Reach 30 GW by 2035

What's Happening?

Malaysia is on track to achieve nearly 30 gigawatts of renewable energy capacity by 2035, driven by a compound annual growth rate of 16.8% from 2024 to 2030. This growth is supported by the National Energy Transition Roadmap and the Malaysia Renewable Energy Roadmap, which provide a clear policy framework for renewable energy development. Solar energy, particularly through large-scale solar programs and rooftop installations, is leading this shift, while bioenergy and hydropower also contribute significantly to the country's renewable energy mix.

Why It's Important?

Malaysia's ambitious renewable energy goals reflect a strong commitment to sustainability and reducing carbon emissions. Achieving these targets will enhance Malaysia's energy security and contribute to global efforts to combat climate change. The focus on solar energy and bioenergy presents opportunities for technological innovation and investment in the renewable sector. This transition may also influence regional energy policies, encouraging neighboring countries to adopt similar strategies for sustainable development.

What's Next?

Malaysia will continue to implement initiatives to support its renewable energy goals, including incentives for solar installations and investment in bioenergy projects. The government may introduce additional policies to facilitate the transition and attract foreign investment. As Malaysia progresses towards its targets, the renewable energy sector is expected to experience growth in job creation and technological advancements.