MPIA joined the announcement of Malaysia Renewable Energy Roadmap by the Minister of Energy and Natural Resources on 30 December 2021.
The roadmap has identified solar energy as the largest renewable energy source available in Malaysia.
While the current installed solar photovoltaic (PV) capacity in Malaysia is less than 2 gigawatts (GW), the roadmap says given its location near the equator, Malaysia has the potential for 269 GW solar PV capacity.
Malaysia receives approximately 1,575 – 1,812 kWh per square metre of solar irradiance, which is close to the average solar irradiance for Southeast Asia (1,500 to 2,000 kWh per square metre). For comparison, India, with a large solar installed capacity of approximately 30 GW, has solar irradiance range between 1,200 to 2,20049 kWh per square metre,” says the roadmap.
The initiatives in the roadmap for promoting solar development include accelerating the Net Energy Metering (NEM) programme as well as introducing new business models such as implementing Peer-to-peer (P2P) Energy Trading programme and enabling corporate power purchase agreements (PPA) in line with Third Party Access (TPA) framework.