MalaysiaPenangSolar Energy Storage

Is solar energy a good investment for Malaysia?

This indigenous supply of renewable energy, especially solar, can provide better energy security for Malaysia than fossil fuels. With Malaysia’s massive resource potential, solar energy can meet the bulk of the country’s growing electricity demand.

Does Malaysia have a solar grid?

Peninsular Malaysia’s grid can accommodate about 2.4 GW more of solar (up to 20% of grid penetration) before storage systems are essential. With about 268 GW of indigenous solar capacity, Malaysia is well-positioned to bolster its energy security.

How much energy will Peninsular Malaysia need by 2035?

In the MyRER report, there is a preliminary analysis that Peninsular Malaysia will require 5.7 GWh of energy storage by 2035, anticipating a 30% solar penetration. The Peninsular Malaysia’s Generation Development Plan also includes developing a 100 MW capacity of BESS every year from 2030 until 2034, bringing a total of 500 MW installed capacity.

What are Malaysia's solar capacity targets?

The MyRER solar capacity targets are set at 6.6 GW for Peninsular Malaysia, 0.4 GW for Sabah, and 0.3 GW for Sarawak, which collectively represents approximately 2.7% of Malaysia’s total solar potential. Following MyRER, the NETR publication has raised the goal to 14 GW of total installed solar capacity by 2035.