Masdar invests $8b to develop 10 GW renewable projects in Malaysia

The projects will include solar, onshore wind, and battery systems.

United Arab Emirates-based energy firm Masdar entered a memorandum of understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to invest $8b for the development of up to 10 gigawatts of renewable projects in the Southeast Asia country.

In a statement, Masdar said MIDA will lead the company in developing the capacity by 2035 which will include ground-mounted, rooftop and floating solar plants, onshore wind farms, and battery energy storage systems.

ALSO READ: Masdar, PLN NP to triple Indonesia’s Cirata floating solar PV capacity

MIDA CEO Datuk Wira Arham Abdul Rahman said the partnership will support Malaysia’s achievement of its sustainable energy goals.

“It underscores our commitment to driving positive change and embracing the transition towards a greener, more sustainable future,” Rahman said.

Follow the link for more news on

Masdar

Also Read

NSW OKs Liverpool Range Wind Farm expansion

SPNEC faces delays in project over right-of-way, grid connection issues

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

India’s Rajasthan and Gujarat need policy reforms to fuel RE transition

Some steps they could take are implementing green tariffs and setting infrastructure funds.

8 hours ago

Global clean energy tech market to hit $2t by 2035

This is fuelled by investments as countries aim to enhance energy security.The global clean energy technology market is projected to grow from $700b in 2023 to over $2t by 2035, nearing the scale of the crude oil market, according to the International Energy Agency (IEA).This growth is fuelled by significant investments in clean technology manufacturing as countries aim to enhance energy security, maintain economic competitiveness, and cut emissions. Investment is concentrated in regions with established positions in clean energy, particularly China, the European Union, the UK, and increasingly, India.Whilst the US, EU, and India have taken measures to support their clean energy sectors, China is expected to remain the world's manufacturing hub. By 2035, China's clean technology exports are forecasted to exceed $340b—comparable to projected oil export revenues from Saudi Arabia and the UAE.Southeast Asia, Latin America, and Africa contribute less than 5% of global cleantech production value, yet the IEA suggests that these areas still hold opportunities within the clean energy economy. Developing economies, for instance, could leverage competitive advantages to advance in the value chain beyond resource extraction.The IEA said Southeast Asia could become one of the most cost-effective regions for producing polysilicon and wafers for solar panels over the next decade.

9 hours ago

NSW OKs Liverpool Range Wind Farm expansion